Hailiang Education (HLG) Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

POTENTIAL DEAL DETAILS

Stock Hailiang Education Group Inc. Symbol HLG
Date Announced 12/23/2021 Source Press release
Type Unsolicited Bid Acquiring Company/Person Hailiang Education International Limited
Date of Confirmation: 05/09/2022 Price at Confirmation: $13.24
Potential Profit: 8.44% Annualized Profit: 22.64%

Hailiang Education Group Inc. (HLG), an education and management services provider for primary, middle, and high schools in China, announced that its board of directors received a preliminary non-binding proposal letter, dated December 23, 2021, from Mr. Hailiang Feng, the founder of the Company, to acquire all of the outstanding ordinary shares of the Company.

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