New Oriental Education & Technology (EDU)

£17bn market cap

The Company offers a range of educational programs, services and products, consisting of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States.

Not a great start, since the crackdown down by the communist government.

What’s going on here?

It’s a reverse stock split

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Never thought I’d see it back at the level I brought in at

Sadly you only own a tenth of the shares now :smiley:

On the ADS not on the underlying stock 1 ADS now equals 10 common share

Presumably you should have been given equivalent shares representing the new ratio

:wink: thanks for bringing me back down to earth