Scienjoy Holding Corporation to Acquire 29.9% Stake in Chinese Higher Education Service Provider Leader Education Limited
Scienjoy Holding (NASDAQ: SJ) signed a sale and purchase agreement to buy 239,234,000 ordinary shares of Leader Education Limited (HKSE: 1449.HK) — a 29.9% stake — from controlling shareholder Shuren Education for HK$102.69 million, roughly US$13.1 million. Closing is conditional on satisfactory due diligence, required consents and waivers, and Leader Education maintaining its Hong Kong Main Board listing, with closing expected five business days after conditions are satisfied or waived. The transaction is a related-party deal: Scienjoy's independent director Jun Lu also serves as an executive director of Leader Education.
Key figures
- Deal Value Usd
- 13100000
- Stake percent
- 29.9%
- Target listing
- HKSE: 1449.HK
- Shares acquired
- 239234000
- Consideration hkd
- HK$102.69 million
AI analysis
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