New Oriental has had this structure since it went public in 2005.
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New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence.
In July 2012, New Oriental Education (EDU) announced that it was the subject of an SEC investigation regarding the specific details of its VIE structures.
Following a scathing report on New Oriental Education, the crisis came to a head last autumn when prominent Chinese business leader Kai-Fu Lee fought back.
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The U.S.-listed New Oriental is such an entity and its VIE, or the operation company in China, was originally owned by the CEO Yu Minhong and ten other shareholders.
In the weeks following the New Oriental announcement Chinese internet companies consistently posted stronger than expected financial results and the majority of them experienced a fast and steep rally.
Investors briefly turned cautious towards all Chinese VIE structures due to fears of a wider spread action by the SEC which would have a far broader impact than just on New Oriental.
In China, where private tutorial schools were unknown until the economy opened up in the 1990s, New Oriental Education and Technology has grown to become one of the largest tutoring schools in Asia with around 2.4 million students this year.
Mandarin Oriental, New York has unobstructed panoramas of Central Park, Midtown Manhattan and the Hudson River.
Old bonds will be exchanged for new bonds, but according to Professor Costas Lapavitsas at the School of Oriental and African Studies in London, the new debt will be made subject to British law so the Greek parliament cannot change that the payment terms.
When we visited new Five-Star winner Mandarin Oriental, Boston, for example, everyone from the housekeeper to the bellhop knew our name, and the room service attendant who delivered breakfast suggested we take a house umbrella on a rainy day before we even thought to do so ourselves.
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Oriental Daily News says Mr Wen's farewell has been overshadowed by a New York Times expose last year into the alleged fortune of his family.
Dubai World still owns properties in New York, including 450 Lexington Avenue, The W Hotel Union Square, The Mandarin Oriental Hotel and the Knickerbocker on Times Square.
Now, however, four-and-a-half years later, a secretive government committee has decided to turn over the management of six of the Nation's most important ports - in New York, New Jersey, Philadelphia, Miami, Baltimore and New Orleans - to Dubai Ports World following the UAE company's purchase of London-based Peninsular and Oriental Steam Navigation Co.
Hong Kong's Oriental Daily News says the public are justifiably concerned that yet another round of streamlining could just be "new wine in old bottles" and fail to curb China's bloated bureaucracy.
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