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EDU - New Oriental Eyes Chip Design China Liberal Chases Higher Education
New Oriental Education & Technology Group Inc. Sponsored ADR representing 1
New Oriental Education's potential move into chip design is one of many major new initiatives as it tries to transform after last year’s private education sector cleanup.
China Liberal Education provides software and other services mostly to universities, which weren’t the focus of the latest reforms.
Shares of China Liberal have rallied 8% since it first announced its plan to purchase the two universities, and New Oriental has rallied by an even stronger 20% from a 10-year low in late January.