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

  • December 23, 2021


StockHailiang Education Group Inc.SymbolHLG
Date Announced12/23/2021Source Press release
TypeUnsolicited BidAcquiring Company/Person Hailiang Education International Limited
Date of Confirmation: 05/09/2022Price at Confirmation: $13.24
Potential Profit: 8.44%Annualized Profit: 22.47%

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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