The LPAB''s tick of approval does not seem to have reversed the downward trend in share price.Indeed it does look as if the LPAB has ignored all together the fact that Top's market capitalisation has collapsed since listing. Note that Top's shareprice has fallen 14.29% over the past month,compared to 1.13% for the overall market as measured by the Hang Seng Index
In the words of Zhu Minshen, chairman and CEO of his Top Education Group Ltd:
Bachelor of Law Re-accreditation
The scheduled re-accreditation process of our Bachelor of Laws (‘‘LLB’’) went smoothly. On 27 June 2019, TOP received formal notification from the Legal Profession Admission Board of New South Wales (‘‘LPAB’’) to accredit TOP’s LLB for a further five-year period commencing from the notification date.
(TOP EDUCATION GROUP LTD
ANNOUNCEMENT OF ANNUAL RESULTSFOR THE YEAR ENDED 30 JUNE 2019)
All this despite the revelations of open defiance of an AFP directive, threats and intimidation disclosed in Clive Hamilton's "Silent Invasion",which have been previously reported on this blog:
In his 2018 book "Silent Invasion" Professor Clive Hamilton reports that Top Education Group's Zhu Minshen organised students , including students from his Top Education Institute to protest against Tibetans at the 2008 rally , which counted towards the Top students’ assessment. Zhu’s Top Institution is “perhaps the only accredited degree program in Australia that counts agitating for a foreign power towards its qualifications.”
Hamilton provides details of Zhu's Communist Party China antecedents and his organisation of the 30,000 strong demonstration by Chinese students at the Canberra torch relay, many of them brandishing Chinese flags.
This was clearly an open challenge to the authority , and in public defiance of, the AFP's directive to Chinese government security that they were not to be involved in the torch relay. As Hamilton puts is "ASIO shat themselves".
Despite this open defiance of the law that they are meant to defend and uphold the Attorney General NSW Mark Speakman and the other senior judicial officers at the LPAB determined that an exception should be made to allow Zhu to operate the "first and only" law school in Australia that is not part of a university.