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Friday, November 24, 2017

=RYB Education (RYB)

RYB (Red, Yellow and Blue) Education (NYSE:RYB), a Chinese company that provides early childhood education for children aged 0-6, had just debuted on NYSE two months ago. They operate 80 direct and 175 franchise kindergartens in China in 130 cities and towns.
  • IPO : 27 Sept 2017
  • IPO price $18.50
  • early childhood education market in China 

Child sexual abuse accusations broke out in China on Thanksgiving Day. Needle marks were found on the toddlers of a RYB kindergarten in Beijing. White pills were allegedly fed.

Grown men were allegedly brought to a dark room at the kindergarten and sexually assaulted the 3-year-old toddlers, while other children were told to stand and watch.

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