Bright Scholar (BEDU) Announces Receipt of Preliminary Non-Binding Going Private Proposal

  • May 3, 2022


StockBright Scholar Education Holdings LimitedSymbolBEDU
Date Announced04/29/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Chairperson of the Board, Ms. Huiyan Yang, and Ms. Meirong Yang

Bright Scholar Education Holdings Limited (BEDU), a global premier education service company, announced that its board of directors has received a preliminary non-binding proposal letter dated April 29, 2022 from its Chairperson of the Board, Ms. Huiyan Yang, and Ms. Meirong Yang proposing to acquire all of the outstanding Class A ordinary shares of the Company, including Class A Shares represented by American depositary shares, and Class B ordinary shares of the Company that are not already beneficially owned by the Buyer Group for a purchase price of US$0.83 per share in cash in a going private transaction, subject to certain conditions.

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