Latest Ambow Education (AMBO) Headlines
An Open Letter to Shareholders from Dr. Jin Huang, Chairwoman and CEO, Ambow Education Holding Ltd.
PR Newswire - Mon Jun 24, 5:00AM CDT
Ambow Education Holding Ltd. (NYSE: AMBO) has issued the following open letter to its shareholders from Dr. Jin Huang, Chairwoman and CEO of the Company:
Ambow Education Holding Ltd. Announces Strategic Cooperation with Bank of Beijing
PR Newswire - Fri Jun 07, 7:15AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that, on June 7, 2013, Beijing Ambow Online Software Co., Ltd., ("Ambow Online"), the Company's wholly owned subsidiary in China, entered into a strategic cooperation agreement (the "Strategic Cooperation Agreement") with Bank of Beijing, Weigongcun Branch, ("BOB"). Pursuant to the Strategic Cooperation Agreement, subject to entering into specific agreements, BOB plans to provide Ambow Online and its affiliates with comprehensive finance services, including providing credit line, financing service, financial consulting service, settlement service, cash management service and wealth management service. The initial term of the Strategic Cooperation Agreement is one year and shall be automatically renewed for successive one-year terms unless terminated by either party by providing 30 days' written notice prior to expiry.
Ambow Education Holding Ltd. Announces Appointment of New Independent Directors
PR Newswire - Tue Jun 04, 6:28AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that Dr. Ping Wu and Mr. Winston Sim have been appointed as independent directors of the Company, and Mr. Winston Sim has also been appointed as a member of the audit committee of the Company.
Ambow Education Holding Ltd. Announces Completion of Investment by SummitView
PR Newswire - Mon Jun 03, 4:00AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that it consummated the transactions provided for in a share purchase agreement dated April 28, 2013 between the Company and SummitView Investment Limited, an amendment to share purchase agreement dated May 24, 2013 between the Company, SummitView Investment Limited and SummitView Investment Fund I, L.P. (the "Fund") and a supplementary agreement dated May 31, 2013 between the Company and the Fund, regarding the issuance and sale of 30,801,128 Class A Ordinary Shares of the Company to the Fund for a total purchase price of US$21,000,000.
Ambow Education Holding Ltd. Receives NYSE Notice Regarding 2012 Annual Report
PR Newswire - Mon May 20, 5:12AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that it has received a notification from the New York Stock Exchange (the "NYSE") that it has failed to timely file its Form 20-F for the fiscal year ended December 31, 2012 (the "2012 Annual Report"). On April 30, 2013, the Company filed with the United States Securities and Exchange Commission, Form 12b-25 Notification of Late Filing for the 2012 Annual Report because it required additional time to complete its 2012 Annual Report due to the change of its independent auditor and will delay the filing beyond the deadline of April 30, 2013. The Company is working diligently to file the 2012 Annual Report as soon as practicable.
Ambow Education Holding Ltd. Responds to Shareholder Petition
PR Newswire - Mon May 06, 4:00AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that GL Asia Mauritius II Cayman Limited ("GLA"), an affiliate of Avenue Asia Capital and a shareholder of the Company, filed a petition on April 23, 2012 in the Grand Court of the Cayman Islands, the Company's jurisdiction of organization, to request an order to wind up the Company and other remedies.
Ambow Education Holding Ltd. Announces Engagement of Independent Auditor and Counsel to Audit Committee
PR Newswire - Wed Apr 10, 4:40AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that the Company has engaged Marcum Bernstein & Pinchuk LLP ("Marcum") as its independent auditor to replace PricewaterhouseCoopers Zhong Tian CPAs Limited Company, who resigned as the independent auditor of the Company on March 22, 2013. The engagement of Marcum as the independent auditor was approved by the Audit Committee and the Board of Directors of the Company on April 4, 2013. Marcum will promptly commence working on the audit of the Company's financial statements as of and for the fiscal year ended December 31, 2012.
Investment firm withdraws offer for Ambow
AP - Tue Mar 26, 8:59AM CDT
NEW YORK (AP) — Struggling Chinese education company Ambow Education Holding Ltd. on Tuesday revealed that a private equity fund once interested in taking it private has withdrawn its offer.
Ambow Education Holding Ltd. Announces Withdrawal of Non-Binding Going Private Proposal
PR Newswire - Tue Mar 26, 5:00AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that the Board of Directors of the Company received a letter from The Baring Asia Private Equity Fund V, L.P. ("Baring") stating that Baring is withdrawing the non-binding going private proposal dated March 15, 2013 as a result of unexpected events, including the resignations of three independent directors and the Company's independent auditor and the suspension of trading of the Company's ADSs on the NYSE. In its letter, Baring also stated it remained willing to consider potential transactions with the Company, including an acquisition of all or part of the Company, once the current situation is resolved.
PricewaterhouseCoopers resigns as Ambow auditor
AP - Fri Mar 22, 9:32AM CDT
NEW YORK (AP) — The auditor for Ambow Education has resigned due to concerns over an investigation into claims of financial impropriety made by a former employee, the company said Friday.
Ambow Education Holding Ltd. Announces Resignation of Independent Auditor and Counsel to Audit Committee
PR Newswire - Fri Mar 22, 6:28AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that its registered independent accounting firm, PricewaterhouseCoopers Zhong Tian CPAs Limited Company ("PWC"), has resigned as auditor of the Company by a letter dated March 22, 2013. The Company also announced that Fenwick & West LLP ("Fenwick") resigned as counsel to the audit committee of the Company (the "Audit Committee"), which has conducted an investigation (the "Investigation") since July 2012 into allegations made by a former employee of the Company of financial impropriety and wrongful conduct in connection with the Company's acquisition of a training school in 2008 and other issues.
Apple May Boost Dividend by 56% According to Analysts. Fed Agrees To Continue Quantitative Easing.
PR Newswire Europe - Tue Mar 19, 8:46AM CDT
NEW YORK, March 19, 2013 /PRNewswire/ --
Ambow Education Announces Appointment of Justin Chen as the Chairman of the Audit Committee and the Chairman of the Special Committee with respect to the Internal Investigation
PR Newswire - Tue Mar 19, 5:00AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that its Board of Directors designated Justin Chen as the chairman of the audit Committee of the Company and the chairman of the special committee formed by the Board of Directors on July 3, 2012, with the assistance of Fenwick & West LLP, to conduct an internal investigation over allegations made by a former employee of the Company of financial impropriety and wrongful conduct in connection with the Company's acquisition of a training school in 2008.
Market Maker Surveillance Report. MNDO, AMBO, ENTR, LDK, PTX, GPRC, Losing Stocks With Lowest Price Friction For Monday, March 18th 2013
M2 - Tue Mar 19, 3:49AM CDT
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Monday there were 4199 companies with "abnormal" market making, 2128 companies with positive Friction Factors and 3118 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Monday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Mind CTI Ltd (NASDAQ:MNDO), Ambow Education Holding Ltd (NYSE:AMBO), Entropic Communications Inc (NASDAQ:ENTR), LDK Solar Co Ltd (NYSE:LDK), Pernix Therapeutics Holdings Inc (AMEX
TX), Guanwei Recycling Corp (NASDAQ:GPRC). To access Friction Factor, Naked Short Data an
Apple Inc. Shares Rise After Galaxy Launch - Futures Indicate Lower Open as the Market Takes Back Some of its Gains
PR Newswire Europe - Mon Mar 18, 9:06AM CDT
NEW YORK, March 18, 2013 /PRNewswire/ --
Ambow Education Holding Ltd. Announces Receipt of "Going Private" Proposal; Resignations of Directors and Appointment of a New Director
PR Newswire - Mon Mar 18, 7:51AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that its Board of Directors received on March 15, 2013 a non-binding proposal (the "Proposal") from The Baring Asia Private Equity Fund V, L.P. ("Baring"), pursuant to which Baring proposes to acquire the outstanding securities of the Company for US$1.46 in cash for each American Depositary Share of the Company (each American Depositary Share representing two Class A ordinary shares of the Company) and US$0.73 in cash for each Class A and Class B ordinary share of the Company.
Market Maker Surveillance Report. FBN, AMBO, GLUU, ROICW, FMCKJ, FMCKO, Winning Stocks With Lowest Price Friction For Friday, March 15th 2013
M2 - Mon Mar 18, 4:17AM CDT
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Friday there were 3909 companies with "abnormal" market making, 2681 companies with positive Friction Factors and 2791 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Friday and low price friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. Furniture Brands International Inc (NYSE:FBN), Ambow Education Holding Ltd (NYSE:AMBO), Glu Mobile Inc (NASDAQ:GLUU), Retail Opportunity Investments Corp (NASDAQ:ROICW), Federal Home Loan Mortgage Corp (OTC:FMCKJ), Federal Home Loan Mortgage Corp (OTC:FMCKO). To access Fri
Market Maker Surveillance Report. CBMX, CBB, AMBO, PRPH, XWES, EORBF, Losing Stocks With Lowest Price Friction For Wednesday, February 27th 2013
M2 - Thu Feb 28, 2:49AM CST
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Wednesday there were 3942 companies with "abnormal" market making, 3560 companies with positive Friction Factors and 1802 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Wednesday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. CombiMatrix Corp (NASDAQ:CBMX), Cincinnati Bell Inc (NYSE:CBB), Ambow Education Holding Ltd (NYSE:AMBO), Prophase Labs Inc (NASDAQRPH), World Energy Solutions Inc (NASDAQ:XWES), (OTC:EORBF). To access Friction Factor, Naked Short Data and SqueezeTrigger Price
An Open Letter to Shareholders from Dr. Jin Huang, Chairwoman and CEO, Ambow Education Holding Ltd.
PR Newswire - Mon Jun 24, 5:00AM CDT
Ambow Education Holding Ltd. (NYSE: AMBO) has issued the following open letter to its shareholders from Dr. Jin Huang, Chairwoman and CEO of the Company:
Ambow Education Holding Ltd. Announces Strategic Cooperation with Bank of Beijing
PR Newswire - Fri Jun 07, 7:15AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that, on June 7, 2013, Beijing Ambow Online Software Co., Ltd., ("Ambow Online"), the Company's wholly owned subsidiary in China, entered into a strategic cooperation agreement (the "Strategic Cooperation Agreement") with Bank of Beijing, Weigongcun Branch, ("BOB"). Pursuant to the Strategic Cooperation Agreement, subject to entering into specific agreements, BOB plans to provide Ambow Online and its affiliates with comprehensive finance services, including providing credit line, financing service, financial consulting service, settlement service, cash management service and wealth management service. The initial term of the Strategic Cooperation Agreement is one year and shall be automatically renewed for successive one-year terms unless terminated by either party by providing 30 days' written notice prior to expiry.
Ambow Education Holding Ltd. Announces Appointment of New Independent Directors
PR Newswire - Tue Jun 04, 6:28AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that Dr. Ping Wu and Mr. Winston Sim have been appointed as independent directors of the Company, and Mr. Winston Sim has also been appointed as a member of the audit committee of the Company.
Ambow Education Holding Ltd. Announces Completion of Investment by SummitView
PR Newswire - Mon Jun 03, 4:00AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that it consummated the transactions provided for in a share purchase agreement dated April 28, 2013 between the Company and SummitView Investment Limited, an amendment to share purchase agreement dated May 24, 2013 between the Company, SummitView Investment Limited and SummitView Investment Fund I, L.P. (the "Fund") and a supplementary agreement dated May 31, 2013 between the Company and the Fund, regarding the issuance and sale of 30,801,128 Class A Ordinary Shares of the Company to the Fund for a total purchase price of US$21,000,000.
Ambow Education Holding Ltd. Receives NYSE Notice Regarding 2012 Annual Report
PR Newswire - Mon May 20, 5:12AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that it has received a notification from the New York Stock Exchange (the "NYSE") that it has failed to timely file its Form 20-F for the fiscal year ended December 31, 2012 (the "2012 Annual Report"). On April 30, 2013, the Company filed with the United States Securities and Exchange Commission, Form 12b-25 Notification of Late Filing for the 2012 Annual Report because it required additional time to complete its 2012 Annual Report due to the change of its independent auditor and will delay the filing beyond the deadline of April 30, 2013. The Company is working diligently to file the 2012 Annual Report as soon as practicable.
Ambow Education Holding Ltd. Responds to Shareholder Petition
PR Newswire - Mon May 06, 4:00AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that GL Asia Mauritius II Cayman Limited ("GLA"), an affiliate of Avenue Asia Capital and a shareholder of the Company, filed a petition on April 23, 2012 in the Grand Court of the Cayman Islands, the Company's jurisdiction of organization, to request an order to wind up the Company and other remedies.
Ambow Education Holding Ltd. Announces Engagement of Independent Auditor and Counsel to Audit Committee
PR Newswire - Wed Apr 10, 4:40AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that the Company has engaged Marcum Bernstein & Pinchuk LLP ("Marcum") as its independent auditor to replace PricewaterhouseCoopers Zhong Tian CPAs Limited Company, who resigned as the independent auditor of the Company on March 22, 2013. The engagement of Marcum as the independent auditor was approved by the Audit Committee and the Board of Directors of the Company on April 4, 2013. Marcum will promptly commence working on the audit of the Company's financial statements as of and for the fiscal year ended December 31, 2012.
Investment firm withdraws offer for Ambow
AP - Tue Mar 26, 8:59AM CDT
NEW YORK (AP) — Struggling Chinese education company Ambow Education Holding Ltd. on Tuesday revealed that a private equity fund once interested in taking it private has withdrawn its offer.
Ambow Education Holding Ltd. Announces Withdrawal of Non-Binding Going Private Proposal
PR Newswire - Tue Mar 26, 5:00AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that the Board of Directors of the Company received a letter from The Baring Asia Private Equity Fund V, L.P. ("Baring") stating that Baring is withdrawing the non-binding going private proposal dated March 15, 2013 as a result of unexpected events, including the resignations of three independent directors and the Company's independent auditor and the suspension of trading of the Company's ADSs on the NYSE. In its letter, Baring also stated it remained willing to consider potential transactions with the Company, including an acquisition of all or part of the Company, once the current situation is resolved.
PricewaterhouseCoopers resigns as Ambow auditor
AP - Fri Mar 22, 9:32AM CDT
NEW YORK (AP) — The auditor for Ambow Education has resigned due to concerns over an investigation into claims of financial impropriety made by a former employee, the company said Friday.
Ambow Education Holding Ltd. Announces Resignation of Independent Auditor and Counsel to Audit Committee
PR Newswire - Fri Mar 22, 6:28AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that its registered independent accounting firm, PricewaterhouseCoopers Zhong Tian CPAs Limited Company ("PWC"), has resigned as auditor of the Company by a letter dated March 22, 2013. The Company also announced that Fenwick & West LLP ("Fenwick") resigned as counsel to the audit committee of the Company (the "Audit Committee"), which has conducted an investigation (the "Investigation") since July 2012 into allegations made by a former employee of the Company of financial impropriety and wrongful conduct in connection with the Company's acquisition of a training school in 2008 and other issues.
Apple May Boost Dividend by 56% According to Analysts. Fed Agrees To Continue Quantitative Easing.
PR Newswire Europe - Tue Mar 19, 8:46AM CDT
NEW YORK, March 19, 2013 /PRNewswire/ --
Ambow Education Announces Appointment of Justin Chen as the Chairman of the Audit Committee and the Chairman of the Special Committee with respect to the Internal Investigation
PR Newswire - Tue Mar 19, 5:00AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that its Board of Directors designated Justin Chen as the chairman of the audit Committee of the Company and the chairman of the special committee formed by the Board of Directors on July 3, 2012, with the assistance of Fenwick & West LLP, to conduct an internal investigation over allegations made by a former employee of the Company of financial impropriety and wrongful conduct in connection with the Company's acquisition of a training school in 2008.
Market Maker Surveillance Report. MNDO, AMBO, ENTR, LDK, PTX, GPRC, Losing Stocks With Lowest Price Friction For Monday, March 18th 2013
M2 - Tue Mar 19, 3:49AM CDT
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Monday there were 4199 companies with "abnormal" market making, 2128 companies with positive Friction Factors and 3118 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Monday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Mind CTI Ltd (NASDAQ:MNDO), Ambow Education Holding Ltd (NYSE:AMBO), Entropic Communications Inc (NASDAQ:ENTR), LDK Solar Co Ltd (NYSE:LDK), Pernix Therapeutics Holdings Inc (AMEX
TX), Guanwei Recycling Corp (NASDAQ:GPRC). To access Friction Factor, Naked Short Data an Apple Inc. Shares Rise After Galaxy Launch - Futures Indicate Lower Open as the Market Takes Back Some of its Gains
PR Newswire Europe - Mon Mar 18, 9:06AM CDT
NEW YORK, March 18, 2013 /PRNewswire/ --
Ambow Education Holding Ltd. Announces Receipt of "Going Private" Proposal; Resignations of Directors and Appointment of a New Director
PR Newswire - Mon Mar 18, 7:51AM CDT
Ambow Education Holding Ltd. ("Ambow" or the "Company" NYSE: AMBO), a leading national provider of educational and career enhancement services in China, today announced that its Board of Directors received on March 15, 2013 a non-binding proposal (the "Proposal") from The Baring Asia Private Equity Fund V, L.P. ("Baring"), pursuant to which Baring proposes to acquire the outstanding securities of the Company for US$1.46 in cash for each American Depositary Share of the Company (each American Depositary Share representing two Class A ordinary shares of the Company) and US$0.73 in cash for each Class A and Class B ordinary share of the Company.
Market Maker Surveillance Report. FBN, AMBO, GLUU, ROICW, FMCKJ, FMCKO, Winning Stocks With Lowest Price Friction For Friday, March 15th 2013
M2 - Mon Mar 18, 4:17AM CDT
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Friday there were 3909 companies with "abnormal" market making, 2681 companies with positive Friction Factors and 2791 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Friday and low price friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. Furniture Brands International Inc (NYSE:FBN), Ambow Education Holding Ltd (NYSE:AMBO), Glu Mobile Inc (NASDAQ:GLUU), Retail Opportunity Investments Corp (NASDAQ:ROICW), Federal Home Loan Mortgage Corp (OTC:FMCKJ), Federal Home Loan Mortgage Corp (OTC:FMCKO). To access Fri
Market Maker Surveillance Report. CBMX, CBB, AMBO, PRPH, XWES, EORBF, Losing Stocks With Lowest Price Friction For Wednesday, February 27th 2013
M2 - Thu Feb 28, 2:49AM CST
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Wednesday there were 3942 companies with "abnormal" market making, 3560 companies with positive Friction Factors and 1802 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Wednesday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. CombiMatrix Corp (NASDAQ:CBMX), Cincinnati Bell Inc (NYSE:CBB), Ambow Education Holding Ltd (NYSE:AMBO), Prophase Labs Inc (NASDAQ
RPH), World Energy Solutions Inc (NASDAQ:XWES), (OTC:EORBF). To access Friction Factor, Naked Short Data and SqueezeTrigger Price 
