Brief: Ambow Education Reaches Definitive Agreement For The Sale Of Ambow Education, Education Management And Ambow Education Group Ltd.

Ambow Education Holding

23/11/2022 11:17

Nov 23 (Reuters) - Ambow Education Holding Ltd  AMBO.A :
    * AMBOW EDUCATION REACHES DEFINITIVE AGREEMENT FOR THE SALE
OF
AMBOW EDUCATION LTD., AMBOW EDUCATION MANAGEMENT LTD. AND AMBOW
EDUCATION GROUP LTD.
    * AMBOW EDUCATION HOLDING LTD - UPON COMPLETION OF SALE,
COMPANY
WOULD HAVE, THROUGH ITS SUBSIDIARIES, SOLD SUBSTANTIALLY ALL OF
ITS ASSETS IN CHINA
    * AMBOW EDUCATION HOLDING LTD - PROPOSED DEAL FOR
CONSIDERATION OF
PURCHASER PAYING US$12 MILLION IN CASH TO COMPANY
    * AMBOW EDUCATION HOLDING- CLOSING OF SALE IS NOT CERTAIN;
THERE
IS NO ASSURANCE THAT ALL CONDITIONS PRECEDENT TO CLOSING OF SALE
WILL BE SATISFIED

Source text for Eikon:  ID:nPn3gCNL0a 
Further company coverage:  AMBO.A 
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