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NEW - Puxin Limited intends to tap fast-food chain restaurant in China
Puxin Limited American Depositary Shares each representing two
Puxin Limited (NYSE:NEW) is evaluating opportunities to expand its existing business by entering into the fast-food chain restaurants business in China. The company's involvement will support the restaurants to improve customers traffic by opening new locations around or inside the company's schools. No assurance can be provided that the company will complete a transaction in the identified industry. Shares down 5% premarket.