BEDU - Bright Scholar to acquire 60% stake in Leti Camp Education

Bright Scholar Education Holdings (BEDU) to acquire 60% equity interests in Leti Camp Education.Transaction value undisclosed and should be completed by November 2020. Established in 2017, Leti Camp specializes in providing summer and winter camp activities for teenagers and owns a comprehensive product offering in Hands-on Inquiry Based Learning ((HIBL)) and camp business. "With the anticipated addition of Leti Camp to our camp business, Bright Scholar will further expand its offerings to include adoption of inquiry-based learning," said Zi Chen, Chief Executive Officer of Complementary Education Services. "The investment in Leti Camp offers enormous potential and synergy which will expedite the expansion of our camp education service business."Shares up 4% premarket.

For further details see:

Bright Scholar to acquire 60% stake in Leti Camp Education