Top Education Group Ltd's Australian FEE-HELP funded share-buy backs continue unabated: Top 's share price stabilisation ops enabled by Australian regulators NSW Legal Profession Board, and TEQSA

 by Ganesh Sahathevan 

Top Group IPO a classic case of license trading: Post IPO spike & collapse in market cap raises obvious questions 

about any political party beneficiaries ,but Peter Hall & ICAC not interested

HKEX listed Top Education Group Ltd's FEE-HELP funded share buy-backs continue unabated. As reported in May this year on this blog:

Zhu Minshen's share buybacks raise additional questions about the NSW LPAB 's decision to grant Zhu the "one and only" license to grant law degrees: FEE HELP funded share buybacks call for an investigation by the Commonwealth into the conduct of the NSW LPAB and Chairman Tom Bathurst


The buy-backs, which appear to have been designed to stabilise Top's share price at around HK 30 Cents, continued even as Top Group suspended enrolments in its LLB programme in 2020. The matter was not disclosed to the Hong Kong Stock Exchange, but brought to public attention by this writer in August this year:
Zhu Minshen Top Group law school froze enrolments in 2019 after NSW LPAB reaccreditation: NSW LPAB & its Chairman , the Chief Justice NSW Tom Bathurst, have provided no explanation

Top Group's share-buy back data has been compiled by David Webb's Webb-Site: 

Row	Date/ period	Number	Value	Curr.	Av. price
1	2020-12-23	160,000	45,600	HKD	0.285
2	2020-12-22	180,000	51,750	HKD	0.288
3	2020-12-21	120,000	34,700	HKD	0.289
4	2020-12-17	110,000	31,500	HKD	0.286
5	2020-12-16	150,000	43,100	HKD	0.287
6	2020-12-15	130,000	37,650	HKD	0.290
7	2020-12-14	80,000	23,700	HKD	0.296
8	2020-12-11	120,000	35,600	HKD	0.297
9	2020-12-10	40,000	11,750	HKD	0.294
10	2020-12-09	40,000	11,850	HKD	0.296
11	2020-12-08	120,000	35,550	HKD	0.296
12	2020-12-07	60,000	17,500	HKD	0.292
13	2020-12-04	70,000	20,450	HKD	0.292
14	2020-12-03	50,000	14,600	HKD	0.292
15	2020-12-02	60,000	17,550	HKD	0.293
16	2020-12-01	130,000	37,850	HKD	0.291
17	2020-11-30	10,000	2,950	HKD	0.295
18	2020-11-27	120,000	35,000	HKD	0.292
19	2020-11-26	100,000	29,600	HKD	0.296
20	2020-11-25	190,000	56,400	HKD	0.297
21	2020-11-24	50,000	15,000	HKD	0.300
22	2020-11-23	50,000	14,900	HKD	0.298
23	2020-11-20	230,000	68,100	HKD	0.296
24	2020-11-19	60,000	18,000	HKD	0.300
25	2020-11-18	250,000	76,050	HKD	0.304
26	2020-11-17	300,000	89,650	HKD	0.299
27	2020-11-16	200,000	59,350	HKD	0.297
28	2020-11-13	70,000	21,000	HKD	0.300
29	2020-11-11	40,000	11,600	HKD	0.290
30	2020-11-10	110,000	31,550	HKD	0.287
31	2020-11-09	10,000	2,850	HKD	0.285
32	2020-11-06	90,000	25,750	HKD	0.286
33	2020-11-05	160,000	45,950	HKD	0.287
34	2020-11-04	30,000	8,700	HKD	0.290
35	2020-11-03	80,000	23,350	HKD	0.292
36	2020-11-02	160,000	47,850	HKD	0.299
37	2020-10-30	110,000	33,100	HKD	0.301
38	2020-10-29	510,000	149,300	HKD	0.293
39	2020-10-28	80,000	23,300	HKD	0.291
40	2020-10-23	510,000	151,300	HKD	0.297
41	2020-10-22	40,000	12,000	HKD	0.300
42	2020-10-21	270,000	80,150	HKD	0.297
43	2020-10-20	80,000	24,100	HKD	0.301
44	2020-10-19	540,000	164,450	HKD	0.305
45	2020-10-16	400,000	124,450	HKD	0.311
46	2020-10-15	180,000	56,050	HKD	0.311
47	2020-10-14	210,000	65,250	HKD	0.311
48	2020-10-12	180,000	55,600	HKD	0.309
49	2020-10-09	70,000	21,750	HKD	0.311
50	2020-10-08	500,000	153,900	HKD	0.308
51	2020-10-07	560,000	169,850	HKD	0.303
52	2020-10-06	260,000	79,100	HKD	0.304
53	2020-10-05	300,000	90,650	HKD	0.302
54	2020-09-30	490,000	142,500	HKD	0.291
55	2020-09-29	100,000	29,000	HKD	0.290
56	2020-09-28	340,000	100,400	HKD	0.295
57	2020-08-21	1,180,000	334,100	HKD	0.283
58	2020-08-20	1,990,000	557,200	HKD	0.280
59	2020-08-19	320,000	91,250	HKD	0.285
60	2020-08-18	850,000	242,100	HKD	0.285
61	2020-08-17	1,040,000	299,650	HKD	0.288
62	2020-08-14	650,000	191,400	HKD	0.294
63	2020-08-13	1,130,000	318,600	HKD	0.282
64	2020-08-12	680,000	195,500	HKD	0.288
65	2020-08-11	2,280,000	691,100	HKD	0.303
66	2020-08-10	700,000	218,900	HKD	0.313
67	2020-08-07	900,000	276,050	HKD	0.307
68	2020-08-06	610,000	186,850	HKD	0.306
69	2020-08-05	400,000	122,950	HKD	0.307
70	2020-08-04	570,000	172,100	HKD	0.302
71	2020-08-03	590,000	175,600	HKD	0.298
72	2020-07-31	500,000	147,300	HKD	0.295
73	2020-07-30	370,000	107,900	HKD	0.292
74	2020-07-29	210,000	60,800	HKD	0.290
75	2020-07-28	590,000	171,400	HKD	0.291
76	2020-07-27	170,000	49,500	HKD	0.291
77	2020-07-24	1,090,000	314,600	HKD	0.289
78	2020-07-23	510,000	147,100	HKD	0.288
79	2020-07-22	460,000	130,000	HKD	0.283
80	2020-07-21	310,000	87,600	HKD	0.283
81	2020-07-20	140,000	40,250	HKD	0.288
82	2020-07-17	620,000	173,750	HKD	0.280
83	2020-07-16	550,000	152,250	HKD	0.277
84	2020-07-15	260,000	71,350	HKD	0.274
85	2020-07-14	250,000	69,700	HKD	0.279
86	2020-07-13	180,000	50,400	HKD	0.280
87	2020-07-10	190,000	52,650	HKD	0.277
88	2020-07-09	420,000	115,500	HKD	0.275
89	2020-07-08	740,000	205,900	HKD	0.278
90	2020-07-07	970,000	271,600	HKD	0.280
91	2020-07-06	790,000	218,050	HKD	0.276
92	2020-07-03	400,000	108,950	HKD	0.272
93	2020-07-02	280,000	78,650	HKD	0.281
94	2020-06-30	410,000	115,550	HKD	0.282
95	2020-06-29	330,000	94,000	HKD	0.285
96	2020-06-26	260,000	73,050	HKD	0.281
97	2020-06-24	580,000	162,400	HKD	0.280
98	2020-06-23	210,000	58,100	HKD	0.277
99	2020-06-22	40,000	11,200	HKD	0.280
100	2020-06-19	60,000	16,950	HKD	0.283
101	2020-06-18	340,000	95,300	HKD	0.280
102	2020-06-17	110,000	30,900	HKD	0.281
103	2020-06-16	610,000	170,200	HKD	0.279
104	2020-06-15	200,000	55,200	HKD	0.276
105	2020-06-12	240,000	64,200	HKD	0.268
106	2020-06-11	350,000	93,250	HKD	0.266
107	2020-06-10	530,000	141,000	HKD	0.266
108	2020-06-09	470,000	124,900	HKD	0.266
109	2020-06-08	110,000	29,850	HKD	0.271
110	2020-06-05	310,000	83,950	HKD	0.271
111	2020-06-04	140,000	37,850	HKD	0.270
112	2020-06-03	200,000	55,750	HKD	0.279
113	2020-06-02	430,000	118,800	HKD	0.276
114	2020-06-01	630,000	172,950	HKD	0.275
115	2020-05-29	160,000	43,400	HKD	0.271
116	2020-05-28	260,000	70,850	HKD	0.273
117	2020-05-27	220,000	59,950	HKD	0.273
118	2020-05-26	360,000	97,000	HKD	0.269
119	2020-05-25	140,000	36,850	HKD	0.263
120	2020-05-22	250,000	66,650	HKD	0.267
121	2020-05-21	250,000	68,100	HKD	0.272
122	2020-05-20	370,000	99,500	HKD	0.269
123	2020-05-19	260,000	71,900	HKD	0.277
124	2020-05-18	1,400,000	400,950	HKD	0.286
125	2020-05-15	430,000	127,000	HKD	0.295
126	2020-05-14	280,000	83,150	HKD	0.297
127	2020-05-13	560,000	161,600	HKD	0.289
128	2020-05-12	100,000	28,500	HKD	0.285
129	2020-05-11	760,000	213,900	HKD	0.281
130	2020-05-08	510,000	143,300	HKD	0.281
131	2020-05-07	190,000	52,700	HKD	0.277
132	2020-05-06	290,000	78,950	HKD	0.272
133	2020-05-05	430,000	116,250	HKD	0.270
134	2020-05-04	410,000	108,950	HKD	0.266
135	2020-04-29	140,000	36,950	HKD	0.264
136	2020-04-28	120,000	30,600	HKD	0.255
137	2020-04-27	220,000	55,600	HKD	0.253
138	2020-04-24	300,000	75,850	HKD	0.253
139	2020-04-23	250,000	63,550	HKD	0.254
140	2020-04-22	190,000	47,900	HKD	0.252
141	2020-04-21	630,000	158,400	HKD	0.251
142	2020-04-20	250,000	63,700	HKD	0.255
143	2020-04-17	370,000	93,100	HKD	0.252
144	2020-04-16	840,000	209,410	HKD	0.249
145	2020-04-15	2,100,000	523,140	HKD	0.249
146	2020-04-14	430,000	107,910	HKD	0.251
147	2020-04-09	120,000	30,600	HKD	0.255
148	2020-04-08	170,000	43,200	HKD	0.254
149	2020-04-07	280,000	70,550	HKD	0.252
150	2020-04-06	180,000	45,900	HKD	0.255
151	2020-04-03	270,000	68,450	HKD	0.254
152	2020-04-02	210,000	53,150	HKD	0.253
153	2020-04-01	380,000	97,000	HKD	0.255
154	2020-03-31	1,150,000	293,800	HKD	0.255
155	2020-03-30	880,000	221,350	HKD	0.252
156	2020-03-27	230,000	58,650	HKD	0.255
157	2020-03-26	130,000	33,150	HKD	0.255
158	2020-03-25	690,000	176,150	HKD	0.255
159	2020-03-24	350,000	89,750	HKD	0.256
160	2020-03-23	690,000	173,700	HKD	0.252
161	2020-03-20	590,000	153,050	HKD	0.259
162	2020-03-19	2,230,000	566,750	HKD	0.254
163	2020-03-18	450,000	119,650	HKD	0.266
164	2020-03-17	810,000	211,900	HKD	0.262
165	2020-03-16	1,910,000	502,580	HKD	0.263
166	2020-03-13	360,000	92,650	HKD	0.257
167	2020-03-12	240,000	65,100	HKD	0.271
168	2020-03-11	320,000	90,050	HKD	0.281
169	2020-03-10	430,000	118,750	HKD	0.276
170	2020-03-09	500,000	141,300	HKD	0.283
171	2020-03-06	600,000	176,700	HKD	0.295
172	2020-03-05	800,000	229,340	HKD	0.287
173	2020-03-04	950,000	272,100	HKD	0.286
174	2020-03-03	1,100,000	332,600	HKD	0.302
175	2020-03-02	1,170,000	359,060	HKD	0.307
176	2020-01-24	100,000	27,950	HKD	0.280
177	2020-01-23	760,000	209,500	HKD	0.276
178	2020-01-22	1,420,000	391,950	HKD	0.276
179	2020-01-21	380,000	107,100	HKD	0.282
180	2020-01-20	430,000	121,000	HKD	0.281
181	2020-01-17	300,000	85,650	HKD	0.286
182	2020-01-16	520,000	148,300	HKD	0.285
183	2020-01-15	150,000	42,600	HKD	0.284
184	2020-01-14	310,000	88,150	HKD	0.284
185	2020-01-13	420,000	120,300	HKD	0.286
186	2020-01-10	360,000	103,050	HKD	0.286
187	2020-01-09	330,000	94,650	HKD	0.287
188	2020-01-08	140,000	40,600	HKD	0.290
189	2020-01-07	140,000	40,850	HKD	0.292
190	2020-01-06	70,000	20,650	HKD	0.295
191	2020-01-03	120,000	35,450	HKD	0.295
192	2020-01-02	710,000	209,600	HKD	0.295
193	2019-12-31	240,000	71,250	HKD	0.297
194	2019-12-30	400,000	118,800	HKD	0.297
195	2019-12-27	260,000	77,400	HKD	0.298
196	2019-12-24	170,000	50,550	HKD	0.297
197	2019-12-23	610,000	177,750	HKD	0.291
198	2019-12-20	1,190,000	345,950	HKD	0.291
199	2019-12-19	180,000	53,100	HKD	0.295
200	2019-12-18	170,000	50,400	HKD	0.296
201	2019-12-17	920,000	272,000	HKD	0.296
202	2019-12-16	70,000	20,650	HKD	0.295
203	2019-12-13	330,000	96,300	HKD	0.292
204	2019-12-12	800,000	232,900	HKD	0.291
205	2019-12-11	390,000	113,850	HKD	0.292
206	2019-12-10	860,000	250,100	HKD	0.291
207	2019-12-09	40,000	12,000	HKD	0.300
208	2019-12-06	710,000	210,750	HKD	0.297
209	2019-12-05	650,000	192,450	HKD	0.296
210	2019-12-04	420,000	122,400	HKD	0.291
211	2019-12-03	630,000	183,250	HKD	0.291
212	2019-11-29	970,000	282,650	HKD	0.291
213	2019-11-28	410,000	119,600	HKD	0.292
214	2019-11-27	1,270,000	367,900	HKD	0.290
215	2019-11-26	380,000	110,950	HKD	0.292
216	2019-11-25	770,000	224,600	HKD	0.292
217	2019-11-22	1,080,000	319,900	HKD	0.296
218	2019-11-21	1,310,000	379,750	HKD	0.290
219	2019-11-20	570,000	166,150	HKD	0.291
220	2019-11-19	800,000	235,800	HKD	0.295
221	2019-11-18	340,000	101,100	HKD	0.297
222	2019-11-15	190,000	56,750	HKD	0.299
223	2019-11-14	290,000	86,650	HKD	0.299
224	2019-11-13	270,000	80,150	HKD	0.297
225	2019-11-12	910,000	272,350	HKD	0.299
226	2019-11-11	670,000	198,500	HKD	0.296
227	2019-11-08	400,000	120,500	HKD	0.301
228	2019-11-07	120,000	35,500	HKD	0.296
229	2019-11-05	570,000	169,250	HKD	0.297
230	2019-11-04	580,000	172,650	HKD	0.298
231	2019-11-01	210,000	61,600	HKD	0.293
232	2019-10-31	390,000	114,050	HKD	0.292
233	2019-10-30	710,000	208,100	HKD	0.293
234	2019-10-28	60,000	16,500	HKD	0.275
235	2019-10-25	440,000	121,850	HKD	0.277
236	2019-10-24	180,000	50,400	HKD	0.280
237	2019-10-23	360,000	101,700	HKD	0.283
238	2019-10-22	230,000	65,500	HKD	0.285
239	2019-10-21	190,000	53,600	HKD	0.282
240	2019-10-18	140,000	39,750	HKD	0.284
241	2019-10-17	90,000	25,650	HKD	0.285
242	2019-10-16	440,000	123,800	HKD	0.281
243	2019-10-15	80,000	22,800	HKD	0.285
244	2019-10-14	280,000	80,850	HKD	0.289
245	2019-10-11	460,000	133,650	HKD	0.291
246	2019-10-10	70,000	20,300	HKD	0.290
247	2019-10-09	140,000	40,750	HKD	0.291
248	2019-10-04	330,000	94,600	HKD	0.287
249	2019-10-03	190,000	52,750	HKD	0.278
250	2019-10-02	440,000	119,450	HKD	0.271
251	2019-09-30	550,000	149,500	HKD	0.272
252	2019-08-16	830,000	271,150	HKD	0.327
253	2019-08-15	790,000	249,900	HKD	0.316
254	2019-08-14	340,000	110,900	HKD	0.326
255	2019-08-13	950,000	304,600	HKD	0.321
256	2019-08-12	160,000	51,900	HKD	0.324
257	2019-08-09	260,000	84,150	HKD	0.324
258	2019-08-08	620,000	199,500	HKD	0.322
259	2019-08-07	1,030,000	331,200	HKD	0.322
260	2019-08-06	440,000	141,850	HKD	0.322
261	2019-08-05	1,140,000	374,750	HKD	0.329
262	2019-08-02	670,000	230,300	HKD	0.344
263	2019-08-01	410,000	142,400	HKD	0.347
264	2019-07-31	220,000	76,450	HKD	0.348
265	2019-07-30	500,000	173,600	HKD	0.347
266	2019-07-29	460,000	161,000	HKD	0.350
267	2019-07-26	350,000	123,600	HKD	0.353
268	2019-07-25	490,000	172,950	HKD	0.353
269	2019-07-24	250,000	88,450	HKD	0.354
270	2019-07-23	360,000	127,000	HKD	0.353
271	2019-07-22	440,000	155,300	HKD	0.353
272	2019-07-19	200,000	71,000	HKD	0.355
273	2019-07-18	180,000	63,000	HKD	0.350
274	2019-07-17	240,000	83,050	HKD	0.346
275	2019-07-16	140,000	48,050	HKD	0.343
276	2019-07-15	180,000	60,000	HKD	0.333
277	2019-07-12	130,000	42,900	HKD	0.330
278	2019-07-11	300,000	98,250	HKD	0.328
279	2019-07-10	450,000	147,700	HKD	0.328
280	2019-07-09	300,000	99,050	HKD	0.330
281	2019-07-08	510,000	168,750	HKD	0.331
282	2019-07-05	460,000	152,750	HKD	0.332
283	2019-07-04	480,000	160,100	HKD	0.334
284	2019-07-03	1,150,000	383,250	HKD	0.333
285	2019-07-02	360,000	121,100	HKD	0.336
286	2019-06-28	700,000	236,400	HKD	0.338
287	2019-06-27	480,000	160,350	HKD	0.334
288	2019-06-26	190,000	62,450	HKD	0.329
289	2019-06-25	290,000	92,950	HKD	0.321
290	2019-06-24	360,000	114,500	HKD	0.318
291	2019-06-21	580,000	183,550	HKD	0.316
292	2019-06-20	270,000	83,700	HKD	0.310
293	2019-06-19	510,000	156,850	HKD	0.308
294	2019-06-18	670,000	203,550	HKD	0.304
295	2019-06-17	190,000	57,950	HKD	0.305
296	2019-06-14	410,000	122,700	HKD	0.299
297	2019-06-13	310,000	90,250	HKD	0.291
298	2019-06-12	250,000	72,500	HKD	0.290
299	2019-06-11	80,000	22,800	HKD	0.285
300	2019-06-10	330,000	92,300	HKD	0.280
301	2019-06-06	410,000	111,500	HKD	0.272
302	2019-06-05	460,000	122,300	HKD	0.266
303	2019-06-04	350,000	92,550	HKD	0.264
304	2019-06-03	70,000	18,550	HKD	0.265
305	2019-05-31	110,000	29,150	HKD	0.265
306	2019-05-30	280,000	72,750	HKD	0.260
307	2019-05-29	1,250,000	314,260	HKD	0.251
308	2019-03-05	230,000	88,000	HKD	0.383
309	2019-03-04	90,000	32,350	HKD	0.359
310	2019-03-01	200,000	71,950	HKD	0.360
311	2019-01-25	550,000	174,750	HKD	0.318
312	2019-01-24	160,000	50,400	HKD	0.315
313	2019-01-23	290,000	92,150	HKD	0.318
314	2019-01-22	200,000	64,100	HKD	0.321
315	2019-01-21	170,000	55,150	HKD	0.324
316	2019-01-18	160,000	51,900	HKD	0.324
317	2019-01-17	260,000	84,650	HKD	0.326
318	2019-01-16	50,000	16,300	HKD	0.326
319	2019-01-15	240,000	76,250	HKD	0.318
320	2019-01-14	150,000	47,850	HKD	0.319
321	2019-01-11	150,000	47,950	HKD	0.320
322	2019-01-10	150,000	47,350	HKD	0.316
323	2019-01-09	410,000	130,750	HKD	0.319
324	2019-01-08	90,000	28,800	HKD	0.320
325	2019-01-07	90,000	29,200	HKD	0.324
326	2019-01-04	540,000	174,850	HKD	0.324
327	2019-01-03	400,000	127,250	HKD	0.318
328	2019-01-02	490,000	156,800	HKD	0.320
329	2018-12-31	900,000	287,500	HKD	0.319
330	2018-12-28	570,000	179,550	HKD	0.315
331	2018-12-27	950,000	296,250	HKD	0.312
332	2018-12-24	890,000	262,750	HKD	0.295
333	2018-12-21	870,000	252,100	HKD	0.290
334	2018-12-20	840,000	240,150	HKD	0.286
335	2018-12-19	1,590,000	464,450	HKD	0.292
336	2018-12-18	1,020,000	305,200	HKD	0.299
337	2018-12-17	1,090,000	340,450	HKD	0.312
338	2018-12-14	2,270,000	718,700	HKD	0.317
339	2018-12-13	600,000	187,450	HKD	0.312
340	2018-12-12	1,510,000	462,150	HKD	0.306
341	2018-12-11	2,200,000	669,000	HKD	0.304
342	2018-12-10	1,800,000	542,800	HKD	0.302
343	2018-12-07	390,000	120,200	HKD	0.308
344	2018-12-06	1,530,000	449,200	HKD	0.294
345	2018-12-05	1,650,000	487,900	HKD	0.296
346	2018-12-04	230,000	69,000	HKD	0.300
347	2018-12-03	360,000	109,200	HKD	0.303
348	2018-11-30	180,000	55,550	HKD	0.309
349	2018-11-29	160,000	49,450	HKD	0.309
350	2018-11-28	100,000	31,500	HKD	0.315
351	2018-11-27	490,000	152,900	HKD	0.312
352	2018-11-26	300,000	93,350	HKD	0.311
353	2018-11-23	290,000	90,550	HKD	0.312
354	2018-11-22	110,000	34,600	HKD	0.315
355	2018-11-21	290,000	90,350	HKD	0.312
356	2018-11-20	340,000	104,550	HKD	0.308
357	2018-11-19	210,000	66,100	HKD	0.315
358	2018-11-16	320,000	99,000	HKD	0.309
359	2018-11-15	270,000	86,550	HKD	0.321
360	2018-11-14	90,000	28,400	HKD	0.316
361	2018-11-13	190,000	59,400	HKD	0.313
362	2018-11-12	200,000	65,550	HKD	0.328
363	2018-11-09	160,000	53,750	HKD	0.336
364	2018-11-07	60,000	19,700	HKD	0.328
365	2018-11-06	50,000	16,300	HKD	0.326
366	2018-11-05	10,000	3,150	HKD	0.315
367	2018-11-02	30,000	9,350	HKD	0.312
368	2018-11-01	80,000	24,400	HKD	0.305
369	2018-10-31	90,000	27,050	HKD	0.301
370	2018-10-30	170,000	50,150	HKD	0.295
Total		160,210,000	46,992,150		0.293