Top Education Group share price ramping from HK 0.50 to HK 0.99 coincided with issuance of TEQSA letter granting self accreditation- A matter of public record that ramping began BEFORE letter was issued, but matter still ignored by Paul Brereton and his NACC

 by Ganesh Sahathevan 

The following is an excerpt from Zhu Minshen's Top Education Group Ltd's ANNOUNCEMENT OF ANNUAL RESULTSFOR THE YEAR ENDED 30 JUNE 2018

Receive Self-Accreditation Authority 

The Company received a letter from TEQSA on 16 May 2018 in relation to its approval for partial self accreditation authority (‘‘SAA’’) in the broad field of education of Management and Commerce, as classified by the Australian Standard Classification of Education, which covers the Australian Qualification Framework from level 5 (diploma) to level 9 (master’s degree) Management and Commerce courses offered at TOP. By obtaining the SAA, TOP is able to determine by itself whether its Management and Commerce courses adequately comply with regulatory standards rather than applying through TEQSA. While maintaining high quality of the courses, the time required for course accreditation will hence be significantly reduced. Accordingly, the partial SAA status not only allows TOP to more efficiently respond to market demand in coursework, but also constitutes a necessary step towards eventually achieving university specialization status.

The chart above shows how large buy orders ramped up the Top Group share price from just HK0.50 on 5 May 2018 (the IPO date) to HK 0.99 on 20 May 2018, after which it fell sharply, enroute to its current price of just 4 HK Cents.

As mentioned previously, Top Group has all the hallmarks of a ramp and dump, based on the issuance of hard to obtain licenses and approvals from the government. In Asia this kind of conduct is referred to as license trading , but given the Australian assumption that Australian regulators are above that type of conduct, nothing appears to have been done by any of the regulators, not even the newly formed National Anti-Corruption Commission, and its chairman Paul Brereton.

TO BE READ WITH 

Wednesday, January 3, 2024

HK ICAC investigations include Top Group style ramp and dump operations – Top Group IPO ramp and dump enabled by a number of Australian institutions including TEQSA and the NSW LPAB, but ignored by Paul Brereton and his NACC

 by Ganesh Sahathevan 

Hong Kong’s ICAC  investigations include Top Group style ramp and dump operations.

That IPO was enabled by a number of Australian institutions including TEQSA and the NSW LPAB, but continues to be  ignored by Paul Brereton and his NACC , even after that IPO was reported to be part of the PwC scandal.