Modern Education (), 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 are 14 branches across Hong Kong, Kowloon and the

New Territories The New Territories is one of the three main regions of Hong Kong, alongside Hong Kong Island and the Kowloon Peninsula. It makes up 86.2% of Hong Kong's territory, and contains around half of the population of Hong Kong. Historically, it ...

. The school's curriculum is targeted at secondary students (Form 1 to Form 7), particularly the Form 5, Form 7 and Form 6 students sitting for the

HKCEE The Hong Kong Certificate of Education Examination (HKCEE, 香港中學會考) was a standardised examination between 1974 and 2011 after most local students' five-year secondary education, conducted by the Hong Kong Examinations and Assessment ...

HKALE The Hong Kong Advanced Level Examination (HKALE, 香港高級程度會考), or more commonly known as the A-level, conducted by the Hong Kong Examinations and Assessment Authority (HKEAA), was taken by senior students at the end of their matric ...

and

HKDSE The Hong Kong Diploma of Secondary Education Examination (HKDSE) is an examination organised by the Hong Kong Examinations and Assessment Authority (HKEAA). The HKDSE examination is Hong Kong's university entrance examination, administere ...

exams respectively. The school was the first of its kind to go public, when it listed in

HKEx Hong Kong Exchanges and Clearing Limited (HKEX; , also 香港交易所 or 港交所 ) operates a range of equity, commodity, fixed income and currency markets through its wholly owned subsidiaries The Stock Exchange of Hong Kong Limited (SEH ...

in 2011.

Ownership

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

in 2011. 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. 11-07- 2013【Ming Pao】Intel Education invest 50 million to Compass College.

Tutors

Ken Ng, founder, claims credit for initiating this trend, and for "liberat ngthe very feudal education system" whilst making a lot of money. He also claims credit for democratising access to maximising student performance at public examinations by employing the best teachers from Band One schools. 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. 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.

Winding-Up Petition

On 26 May 2020, a printer company petitioned to wind-up Modern Education. The

Hong Kong High Court The High Court of the Hong Kong Special Administrative Region is a part of the legal system of Hong Kong. It consists of the Court of Appeal and the Court of First Instance; it deals with criminal and civil cases which have risen beyond th ...

ordered it to be wound up on 26 August 2020.

References

{{Reflist

External links

Modern Education
Test preparation companies Education in Hong Kong

Ownership

Tutors

Winding-Up Petition

See also

References

External links