China liberal education holdings limited announces us$9 million private placement

Beijing , april 7, 2022 /prnewswire/ -- china liberal education holdings limited (nasdaq: cleu) ("china liberal", or the "company"), a china-based company that provides smart campus solutions and other educational services, today announced that it entered into definitive subscription agreements (the "agreements") with certain accredited investors in a private placement transaction, pursuant to which the investors agreed to subscribe for and purchase, and the company agreed to issue and sell an aggregate of 6,000,000 ordinary shares of the company, par value $0.001 per share, to these investors for an aggregate purchase price of us$9.0 million. the agreements and the transactions contemplated thereby have been approved by the company's board of directors on april 1, 2022.
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