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CLEU - China Liberal Education signs intent to acquire Aiways at up to $6B valuation
China Liberal Education Holdings Limited
China Liberal Education Holdings ( NASDAQ: CLEU ) announced Friday that it has signed a non-binding letter of intent to acquire electric vehicle manufacturer Aiways.
As per the terms, the acquisition values Aiways in the range of $5-$6B for equity shares to be converted as per the exchange ratio in CLEU's newly issued shares upon completion of the acquisition.