Brief: Bright Scholar To Acquire Equity Interests In Yinzhe

Bright Scholar Education Holdings

21/09/2018 11:56

Sept 21 (Reuters) - Bright Scholar Education Holdings Ltd
 BEDU.N :
    * BRIGHT SCHOLAR ANNOUNCES ENTRY INTO AGREEMENT TO ACQUIRE
EQUITY
INTERESTS IN YINZHE
    * BRIGHT SCHOLAR EDUCATION HOLDINGS LTD - DEAL FOR TOTAL
CONSIDERATION OF RMB202.5 MILLION
    * BRIGHT SCHOLAR EDUCATION HOLDINGS LTD - AGREEMENT TO
ACQUIRE 75%
EQUITY INTERESTS IN CHENGDU YINZHE EDUCATION AND TECHNOLOGY CO
    * BRIGHT SCHOLAR EDUCATION HOLDINGS LTD - MAY ACQUIRE UP TO
AN
ADDITIONAL 15% EQUITY INTERESTS IN YINZHE FROM YEAR 2021 TO 2023
    * BRIGHT SCHOLAR EDUCATION - TOTAL CONSIDERATION TO BE PAID
IN 4
INSTALLMENTS SUBJECT TO SATISFACTION OF CLOSING CONDITIONS AND
EARN-OUT ARRANGEMENTS

Source text for Eikon:  ID:nPn9S8D5ma 
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