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home / news releases / HLG - Hailiang Education announces receipt of a preliminary buyout proposal at $14.31/ADS

HLG - Hailiang Education announces receipt of a preliminary buyout proposal at $14.31/ADS

Hailiang Education Group Inc.
Hailiang Education Group (NASDAQ:HLG) has received a preliminary non-binding proposal letter from Mr. Hailiang Feng, the founder of the company, to acquire all of the outstanding ordinary shares for $14.31 per ADS in cash. Buyout offer represents a premium of approximately 25% over the closing price of the company's ADSs on December 22, 2021. There can be no assurance that the Proposed Transaction or any other similar transaction will be approved or consummated. Transaction approval would result in the company becoming a privately-held and the company's ADSs would be delisted from the Nasdaq.

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Hailiang Education announces receipt of a preliminary buyout proposal at $14.31/ADS
Stock Information
Company Name: Hailiang Education Group Inc.
Stock Symbol: HLG
Market: NASDAQ
Website: hailiangeducation.com
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