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Stock impact report

Bright Scholar Announces Entry into Agreement to Acquire Equity Interests in Yinzhe

Bright Scholar Education Holdings Limited American Depositary Shares, each representing four Class A Ordinary Share (BEDU) 
Last bright scholar education holdings limited american depositary shares, each representing four class a ordinary share earnings: 4/28 05:00 pm Check Earnings Report
US:NYSE Investor Relations: brightscholar.com/ir_overview.html
Company Research Source: PR Newswire
FOSHAN, China, Sept. 21, 2018 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), the largest operator of international and bilingual K-12 schools in China*, today announced that it entered into an agreement to acquire 75% equity interests in Chengdu Yinzhe Education and Technology Co., Ltd.("Yinzhe") for a total consideration of RMB202.5 million which will be paid in four installments subject to the satisfaction of various closing condition and earn-out arrangements. Subject to the future financial performance of Yinzhe and other conditions under the acquisition agreement, the Company may acquire up to an additional 15% equity interests in Yinzhe from year 2021 to 2023.Established in 2015, Yinzhe primarily engages in online career and education mentoring services to overseas Chinese students under brand "DreambigCareer". During the past four years, Yinzhe had successfully helped overseas Chinese students obtain over Show less Read more
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