Ambow Education Falls as Finance Chief Resigns on Net Loss

Ambow Education Holding Ltd. fell to the lowest on record in New York after the Beijing-based education service provider’s Chief Financial Officer resigned and the company reported a first-quarter net loss.

Ambow Education tumbled 20 percent to $3.73 at the close of trading in New York, the lowest since the American depositary receipts started trading in August 2010. Trading was almost three times the stock’s three-month average daily volume, according to data compiled by Bloomberg.