Thursday 25 February 2021

China-based education service company Bright Scholar Education Holdings Ltd. (NYSE: BEDU) has agreed to acquire 18% equity interests in China-based classical ballet company Golden Ballet Dance, to accelerate the expansion of the complementary business, the company said.

Terms of the transaction were not disclosed.

The company targets to close the transaction in April 2021, subject to the satisfaction of customary closing conditions and the completion of relevant corporate and regulatory procedures.

Established in 2009, Golden Ballet has been teaching classical ballet to over 60,000 children across its 33 training centres in China for the past ten plus years.

Bright Scholar Education Holdings Ltd. provides quality international education to global students, equipping them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education.