Company type | Public |
---|---|
SEHK: 1082 | |
Industry | Secondary tuition, especially in the Hong Kong Diploma of Secondary Education |
Founded | 1998 |
Headquarters |
Modern Education (Chinese :現代教育), formerly Intel Education, is a Hong Kong cram school. It was founded in 1988 by Ken Ng Kam-Lun. According to the Education Bureau, there were at its peak 14 branches across Hong Kong Island, Kowloon and the New Territories. It as of 2024 only has one branch in Tsuen Wan following its liquidation in 2020. [1]
The school's curriculum is targeted at primary students and secondary students taking the Hong Kong Diploma of Secondary Education.
The school was the first of its kind to go public, when it listed in HKEx in 2011. [2]
The founder and major shareholder of Modern Education Group is Ken Ng Kam-Lun, who teaches English in Modern Education. In 2009, optimistic that the HK government's education reforms would lead to double-digit growth, it was rumoured that Modern Education, which then had 17 centres, sought to raise HK$800 million to increase the number of tuition centres. The company was the first of its kind to go public when it listed in HKEx in 2011. [2] One year after the business listed on the HK stock Exchange, the major shareholder sold his shares just as its student numbers started to decline. [2]
11-07- 2013【Ming Pao】Intel Education invest 50 million to Compass College. [3]
Ken Ng, founder, claims credit for initiating this trend, and for "liberat[ing] the very feudal education system" whilst making a lot of money. [4] He also claims credit for democratising access to maximising student performance at public examinations by employing the best teachers from Band One schools. [4]
In late 2015, media reported that Modern Education was overtly trying to poach a "star tutor" employed by a competitor. The tutor, said to have been responsible for over 40 percent of the fees generated by rival Beacon College, was reported to have been offered a lucrative package worth an estimated HK$85 million (US$10.97 million) a year. The package included $30 million signing bonus plus 65% of all the revenue he generates throughout his 4-year contract period. Modern Education took out full-page advertising in two local journals to vaunt its offer publicly. [5] [6] The brazen attempt of Modern Education to poach the Chinese tutor signalled to investors the extent that these schools may be dependent on a single teacher. [2]
On 26 May 2020, a printer company petitioned to wind-up Modern Education. The Hong Kong High Court ordered it to be wound up on 26 August 2020. [1]
The Hong Kong Economic Times is a financial daily newspaper in Hong Kong. It was founded by Lawrence S P Fung, Perry Mak, Arthur Shek Kang-chuen and others. It started with a HK$20 million investment in 1988.
Hong Kong Exchanges and Clearing Limited operates a range of equity, commodity, fixed income and currency markets through its wholly owned subsidiaries The Stock Exchange of Hong Kong Limited (SEHK), Hong Kong Futures Exchange Limited (HKFE) and London Metal Exchange (LME).
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Beacon College Ltd., doing business as Beacon College, is a cram school in Hong Kong. It was founded in 1989 by June Leung, Christine Ng and Richard Eng in Yuen Long. The school provides secondary tutorial classes for students sitting for the Hong Kong Diploma of Secondary Education, day-time secondary courses, pre-education courses and life-learning courses.
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Yip Wing-Yuk is a Hong Kong orthopedic surgeon. She is International Powerlifting Federation level 1 referee and International Weightlifting Federation referee. Former president of The Hong Kong, China Weightlifting and Powerlifting Association. She is also a clinical associate professor in the Department of Orthopaedics and Traumatology at the School of Clinical Medicine, The University of Hong Kong. She has studied the Bachelor of Medicine and Bachelor of Surgery (MBBS) and the Master of Surgery (MS) at the University of Hong Kong, and the Diploma in Hand Surgery from the Federation of European Societies for Surgery of the Hand (FESSH). She is a Fellow of the Royal College of Surgeons of Edinburgh, a Fellow of the Hong Kong College of Orthopaedic Surgeons, and a Fellow of the Hong Kong Academy of Medicine .。
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