Hailiang Education to Acquire 100% Equity Interests in Feicheng Hailiang Education Investment Co., Ltd. to Accelerate Educational Resources Integration
Hailiang Education Group Inc., an education and management services provider for primary, middle, and high schools in China, today announced that the it had acquired from its affiliate. Hailiang Education Investment Group Co., Ltd., 100% equity interests in Feicheng Hailiang Education Investment Co., Ltd., for a total consideration of RMB 22.9 million.
Feicheng Education Investment has been the sole sponsor of Feicheng Hailiang Foreign Language School since 2018. The Company and Feicheng Education Investment have completed relevant corporate and regulatory procedures on April 26, 2021.
Located in Feicheng City, Shandong Province, China, Feicheng Foreign Language is a private non-profit school. With a total capacity of up to 800 students. Feicheng Foreign Language offers primary, middle, and high school education. Feicheng Foreign Language is currently operating at near full capacity (90%). And its teaching philosophy and academic achievements have been well received and recognized by students, parents, and local communities.
Dr. Chen Junwei, Chairman and Chief Executive Officer of Hailiang Education, commented: “Executing our successful strategy of accelerating the integration of our educational resources. Feicheng Foreign Language has been the second school acquired by us from Hailiang Education Investment.
We plan to acquire more schools from Hailiang Education Investment to expedite the expansion of our school network. In addition, we will continue to expand our ancillary education services such as educational training, study trips, and overseas study consulting services.
This will bring continuous growth in revenue for the Company, increase our brand awareness, attract more students by providing them with high-quality services, and create sustainable value for our shareholders.”
About Hailiang Education Group Inc.
Hailiang Education is one of the largest primary, middle, and high school educational service providers in China. The Company primarily focuses on providing distinguished, specialized, and internationalized education.
Company is dedicated to providing students with high-quality primary, middle, and high school, and international educational services. And highly valuing the quality of students’ life, study, and development. Hailiang Education adapts its education services based upon its students’ individual aptitudes.
Hailiang Education is devoted to improving its students’ academic capabilities, cultural accomplishments, and international perspectives. Operates multilingual programs including Chinese, English, Spanish, Japanese, Korean, and French. In addition, Hailiang Education has launched various diversified high-quality courses. Such as Mathematical Olympiad courses, A-level courses, Australia Victorian Certificate of Education (VCE) courses, AP, IB, IELTS courses, TOEFL courses, as well as SAT courses.
The Company has also formed an extensive cooperative network with more than 200 educational institutions and universities globally. Hailiang Education is committed to making great effort to provide its students with greater opportunities to enroll in well-known domestic and international universities to further their education.