Hong Kong lawmakers reject a HK$1.4 billion loan plan for four international schools

//Hong Kong lawmakers reject a HK$1.4 billion loan plan for four international schools

Hong Kong lawmakers reject a HK$1.4 billion loan plan for four international schools

Hong Kong lawmakers on Friday rejected a proposal by four international schools seeking a total of HK$1.4 billion (US$180 million) in interest-free loans for campus development as they face financial pressure during the coronavirus pandemic.This came as Harrow International School Hong Kong announced this week it would offer a 20 per cent reduction of the summer term tuition fees to parents, following an earlier petition demanding a fee cut of up to 25 per cent.The proposal, which was tabled by…

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By | 2020-05-08T14:39:50+00:00 May 8th, 2020|Education|Comments Off on Hong Kong lawmakers reject a HK$1.4 billion loan plan for four international schools