Nova mulls closing at least 200 school branches: sources

Nova Corp., reeling from a fraudulent-advertising scandal, is considering shutting down at least 200 out of its about 900 school branches around late September to turn around its operations, sources close to the matter said Thursday.
The nation’s largest English-language school operator plans to close mainly money-losing school branches, but the company is being compelled to close some of the 200 because it has failed to pay their rents, the sources said.