China liberal announces extension of letter of intent to acquire wanzhong (hong kong) education investment management co., ltd

Beijing , july 19, 2021 /prnewswire/ -- china liberal education holdings limited (nasdaq: cleu) ("china liberal", the "company", or "we"), an educational services provider in china, providing, among other services, smart campus solutions, today announced that on july 3, 2021, it entered into an extension agreement ("loi extension agreement") to the non-binding letter of intent ("loi") to acquire wanzhong (hong kong) education investment management co., ltd ("weim"). pursuant to loi extension agreement, the company intends to acquire 100% of the issued and outstanding shares of weim from its sole shareholder, to be paid in cash and ordinary shares of the company with a total value of rmb350 million, subject to adjustments based on the results of the upcoming due diligence on weim by the company and further negotiations between the parties.
CLEU Ratings Summary
CLEU Quant Ranking