Core Viewpoint - Yuhua Education (06169) shares surged nearly 20%, reaching a price of 0.61 HKD, with a trading volume of 52.29 million HKD following the approval of its subsidiary, Hunan International Economics University, to operate as a for-profit institution [1] Group 1: Company Developments - Hunan International Economics University has received approval from the Hunan Provincial Department of Education to register as a for-profit private school [1] - The university, which became part of Yuhua Education Group at the end of 2017, has been addressing structural issues related to its international development [1] - The university is a privately funded ordinary undergraduate institution approved by the Ministry of Education, offering 48 undergraduate programs and 8 associate degree programs, with a full-time student enrollment of 27,000 [1]