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HomeMongolia NewsChina Liberal Education Holdings Limited Enters into Definitive Agreement to Acquire Oriental...

China Liberal Education Holdings Limited Enters into Definitive Agreement to Acquire Oriental Wisdom Cultural Development Co., Ltd.

To accelerate the Company’s business expansion in the vocational education industry

BEIJING, June 10, 2022 /PRNewswire/ — China Liberal Education Holdings Limited (Nasdaq: CLEU) (“China Liberal,” the “Company,” or “we”), a China-based company that provides smart campus solutions and other educational services, today announced that on June 9, 2022, the Company, through its wholly-owned subsidiary, China Liberal (Beijing) Education Technology Co., Ltd. (“China Liberal Beijing”), entered into a definitive stock purchase agreement (the “Agreement”) with Beijing Cloud Class Technology Co., Ltd. (“Cloud Class”) to acquire from Cloud Class 100% of the issued equity interests of Beijing Oriental Wisdom Cultural Development Co., Ltd. (“Oriental Wisdom”), an integrated education service provider focusing on operating jointly-managed academic programs in the vocational higher education industry in China. This acquisition is a critical initiative…

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