Bright Scholar Announces Receipt of Preliminary Non-Binding "Going Private" Proposal

CAMBRIDGE, England and FOSHAN, China, May 28, 2025 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter (the "Proposal") dated May 26, 2025 from Mr. Hongru Zhou, its chairperson of the Board, Mr. Ruolei Niu, its chief executive officer, and several of its shareholders, including Excellence Education Investment Limited, Ultimate Wise Group Limited, and Sure Brilliant Global Limited (collectively, the "Buyer Group"), proposing to acquire all of the outstanding Class A ordinary shares of the Company (the "Class A Shares" or "Shares"), including Class A Shares represented by American depositary shares (the "ADSs," each representing four Class A Shares) that are not already beneficially owned by the members of the Buyer Group for a purchase price of US$0.50 per Share (or US$2.00 per ADS) in cash in a going private transaction (the "Proposed Transaction"), subject to certain customary conditions. The price represents (i) a premium of approximately 28.21% to the closing price of the ADSs on May 23, 2025, the last trading day prior to the date of the Proposal and (ii) a premium of approximately 23.58% and 18.08% to the volume-weighted average closing price of the ADSs during the last 30 and 60 trading days, respectively. A copy of the Proposal is attached hereto as Annex A.

Read more at prnewswire.com