METX - Meten EdtechX pops on 591% surge in February Junior ELT Business' gross billing

Meten EdtechX Education (METX) rallied 26% premarket after reporting a 591% Y/Y increase in gross billing of its Junior ELT business in February; it recorded highest single-day sales record on Feb.27.Leveraging its existing Junior ELT business network, the company expects to launch customized courses for students aged between 3 and 6 in cities, including Hefei, Anhui Province, in 2021.Meten expects its junior ELT business to achieve RMB121M in (+40% Y/Y) gross billing in FY21.

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Meten EdtechX pops on 591% surge in February Junior ELT Business' gross billing