Thursday, September 5, 2019

Nick Saunder's TEQSA has granted Minshen Zhu's Top Group permission to open a branch campus in Hobart, and increase Sydney student numbers despite sharp fall in market cap;TEQSA approval can aid Top's cashflow

by Ganesh Sahathevan

Nicholas Saunders TEQSA Chief Commissioner

Professor Nick Saunders AO (Chief Commissioner)
Australia's education sector putting money ahead of standards :
The trend continues, aided and abetted by TEQSA

From Top Group's recent  HKEX announcement on 19 August 2019

On 16 August 2019, TEQSA also approved TOP’s first interstate branch campus in Hobart, Tasmania, from which date TOP may commence its first intake of students at the branch campus.

The Australian regulator TEQSA has approved the new premises for increasing CRICOS student number capacity from 1,500 to 2,000. It will increase the student capacity by over 30% of current capacity

Meanwhile,TEQSA seems unconcerned by the still erratic share price,and the huge drop in market capitalization since listing in May last year.

0.30 HKD −0.0100 
5 Sep, 4:00 pm GMT+8 · Disclaimer

Mkt cap761.38M
P/E ratio75.95
Div yield-
Prev close0.31
52-wk high0.45
52-wk low0.24


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