RYB Announces Strategic Acquisition
RYB Education, Inc. American depositary shares, each representing one Class A ordinary share (RYB)
Last ryb education, inc. american depositary shares, each representing one class a ordinary share earnings: 3/30 08:00 pm
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Source: PR Newswire
BEIJING, Feb. 5, 2019 /PRNewswire/ -- RYB Education, Inc. ("RYB" or the "Company") (NYSE: RYB), a leading early childhood education service provider in China, announced today that it has entered into a definitive agreement to acquire approximately 70% of a leading Singapore-based private childhood education group for approximately RMB125 million in cash. Ms. Yanlai Shi, the Company's Co-founder, Director and Chief Executive Officer, said, "We are excited to add this portfolio of childhood education assets to our platform. This acquisition expands our brands and service offerings to a wider audience and additional jurisdictions. Moreover, the international English and bilingual curriculum, along with the high-quality education management team we are acquiring, will generate great synergy with our China-based operations and enhance our competitive edge in our core China early childhood education market." "This annoucement, together with our prior acquisitions and alliances, exemplifies
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