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CLEU - China Liberal Education rallies on raising $3M in stock offering to CEO
China Liberal Education Holdings Limited
China Liberal Education (NASDAQ:CLEU) trades 24.1% higher premarket after it entered into a definitive subscription agreement with its chairperson and CEO Ms. Ngai Ngai Lam wherein the she agreed to subscribe for and purchase and the company agreed to issue and sell, 2M shares at $1.5/share for purchase price of $3M. Net proceeds are to be used for working capital and general corporate purposes.