Hope Education’s Major Transaction for Equity Disposal

Hope Education Group Co., Ltd. (HK:1765) has released an update.

Hope Education Group Co., Ltd. has announced a major transaction involving the transfer of its entire equity interest in certain target companies and college operation rights, valued at RMB540 million, to be acquired by Laike Holdings and Nanfeng Company. The estimated transaction consideration, after accounting for external liabilities, is approximately RMB420 million. Shareholders’ approval is required for this transaction, and it may or may not proceed, urging investors to exercise caution.

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