Core Viewpoint - New Oriental Group has issued a statement denying rumors regarding CEO Zhou Chenggang being investigated for allegedly misappropriating company interests through related-party transactions, labeling the news as false and malicious [1][5][7]. Group 1: Company Response - New Oriental Group has reserved the right to pursue legal action against those spreading false information that infringes on the rights of CEO Zhou Chenggang and the company [1]. - Oriental Selection, a subsidiary of New Oriental, has also announced that it has initiated legal proceedings against the rumors, emphasizing a commitment to pursue the matter thoroughly [2][6]. Group 2: Market Impact - The rumors led to a significant drop in the stock price of Oriental Selection, which fell by 20.89% to HKD 34.32 by the close of trading on August 19, after reaching a two-year high of HKD 53.7 earlier in the day [7]. - The market reaction was characterized by panic among investors, triggered by the unverified claims about regulatory investigations [5]. Group 3: Commission Rate Clarification - New Oriental clarified that the claim regarding Oriental Selection's commission rate being over 30% is inaccurate, stating that the actual average commission rate is below 20% [6].
网传CEO周成刚涉嫌关联交易被立案调查，新东方声明：纯属造谣