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China's East Buy hits 2-year low as celebrity livestreamer departs



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** Shares of Chinese online education courses provider East Buy Holding Ltd 1797.HK plunge as much as 28.1% to HK$8.92, marking their lowest since June 2022

** Stock of New Oriental Education & Technology Group Inc's EDU.N majority-owned unit on track for biggest one-day pct drop since June 2022, if current losses hold

** Stock on track to snap two consecutive sessions of decline; top pct loser on the Hang Seng Composite Index .HSCI, which slips 0.2%

** East Buy says Dong Yuhui, its employee and a celebrity in the livestreaming e-commerce industry in China, has decided to leave co with effect from July 25 due to career aspirations

** Hong Kong shares of New Oriental Education 9901.HK drop 8.3% to HK$52.75, lowest since Dec 22

** The Hang Seng Commerce & Industry Index .HSNC and the Hang Seng Index .HSI both ease 0.3%

** East Buy shares down 64.2% YTD



Reporting by Donny Kwok

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