RTTNews | Jul 23, 2021 10:05AM EDT

10:05 Friday, July 23, 2021 (RTTNews.com) - TAL Education Group (TAL) shares are falling more than 57 percent on Friday morning trade as the company said it has not received official notification of a new set of regulations concerning after-school tutoring service.

The K-12 after-school tutoring services provider in China said it won't comment on market speculations.

According to certain English and Chinese language media, the new regulations might curb tutoring of the compulsory syllabus in China and restrict investment in education firms.

Currently, shares are at $8.76, down 57.31 percent from the previous close of $20.52 on a volume of51,595,547. For the 52-week period the shares have traded in a range of $8.65 - $90.96 on average volume of 16,217,079.

Read the original article on RTTNews ( https://www.rttnews.com/3211524/tal-education-group-down-57-on-reports-of-net-set-of-regulations-on-after-school-tutoring.aspx)

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