Scienjoy agrees to buy 29.9% stake in Leader Education for HK$102.69 million
SJ•Conditions and related-party details
Closing depends on due diligence, consents, continued Hong Kong listing, no material breach, and no trading halt exceeding 10 business days.
The transaction is expected to close five business days after the conditions are satisfied or waived.
The deal is a related-party transaction; independent director Jun Lu also serves as an executive director of Leader Education.
Scienjoy to acquire 29.9% stake in Leader Education
Scienjoy Holding agreed to buy 239,234,000 Leader Education shares for HK$102.69 million, taking a 29.9% stake.
The seller, Shuren Education, is Leader Education’s controlling shareholder. The deal is structured under a sale and purchase agreement.
