Scienjoy to Acquire 29.9% Stake in Leader Education for HK$102.69M
Scienjoy Holding Corporation will acquire 239,234,000 shares, representing 29.9% of Leader Education’s issued share capital, via a sale and purchase agreement through its wholly owned subsidiary. The stake is bought from Leader Education’s controlling shareholder for HK$102.69 million (about US$13.1 million). Leader Education has invested in vocational schools in the Yangtze River Delta and Beijing-Tianjin-Hebei regions.