Brief: China Liberal Education Entered In Non-Binding LOI With Aiways Holdings To Acquire Outstanding Equity Interest

China Liberal Education Holdings

16/09/2022 14:19

Sept 16 (Reuters) - China Liberal Education Holdings Ltd
 CLEU.O :
    * CHINA LIBERAL EDUCATION HOLDINGS - ENTERED INTO A
NON-BINDING
LOI WITH AIWAYS HOLDINGS LIMITED TO ACQUIRE ALL OUTSTANDING
EQUITY INTEREST OF AIWAYS
    * CHINA LIBERAL EDUCATION HOLDINGS LTD - ACQUISITION WOULD
VALUE
ALL EQUITY INTERESTS OF AIWAYS AT $5.0 BILLION TO $6.0 BILLION
    * CHINA LIBERAL EDUCATION HOLDINGS LTD - COMPANY HAS NOT
ENTERED
INTO A BINDING AGREEMENT WITH AIWAYS WITH RESPECT TO ACQUISITION
    * CHINA LIBERAL EDUCATION HOLDINGS LTD - ON CLOSING DATE OF
ACQUISITION, ALL EQUITY INTERESTS OF AIWAYS WILL BE CONVERTED
INTO ORDINARY SHARES OF LISTCO

Source text for Eikon:  ID:nPn313b8Qa 
Further company coverage:  CLEU.O 

 ((Reuters.Briefs@thomsonreuters.com;))