CLEU - China Liberal Education to acquire Oriental Wisdom Cultural Development in a stock deal
China Liberal Education Holdings Limited (NASDAQ:CLEU) through its wholly-owned subsidiary, China Liberal (Beijing) Education Technology Co., Ltd. is acquiring Beijing Oriental Wisdom Cultural Development Co., Ltd. from Beijing Cloud Class Technology Co., Ltd. China Liberal Beijing agrees to acquire 100% of the equity interests of Oriental Wisdom from Cloud Class for 7M ordinary shares of the company. The transaction has been approved by the company's board of directors and is expected to close by the month end. The acquisition accelerate the company's business expansion in the vocational education industry.
For further details see:
China Liberal Education to acquire Oriental Wisdom Cultural Development in a stock deal