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BEDU - Bright Scholar acquires 18% stake in Golden Ballet Dance
Bright Scholar Education Holdings Limited American Depositary Shares each representing one Class A
Bright Scholar Education (BEDU) announces agreement to acquire 18% equity interests in Golden Ballet Dance.Golden Ballet has been teaching classical ballet to over 60,000 children across its 33 training centers in China for the past ten plus years."The investment in Golden Ballet offers tremendous market opportunities as well as synergies that will further expedite the expansion of our complementary education business," commented Zi Chen, CEO of Complementary Education Services.Transaction is expected to close in April 2021.