UPDATE: Intueri shares fall 52% to 1 cent after company says nothing for shareholders after bank repaid

Mon, 01 May 2017

By Jonathan Underhill May 1 (BusinessDesk) - (Updates to recast with drop in shares) Intueri Education Group shares fell 52 percent to 1 cent, valuing the company at $1 million after it said the level of bids for its remaining colleges mean it wouldn't have a sustainable business after repaying debt and there'd be nothing to return to shareholders. The stock has fallen from $2.35 in Intueri's initial public offering in 2014, when it was taken public by Australia-based Arowana International. The IPO delivered $102 million to Arowana for...

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