HANGZHOU, China, Sept. 16, 2022 /PRNewswire/ -- Hailiang Education Group Inc. ( Nasdaq: HLG) ("Hailiang Education" or the "Company"), an education and management services provider in China, today announced the completion of the merger (the "Merger") with HE Merger Sub Limited ("Merger Sub"), an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Hailiang Education International Limited ("Parent"), pursuant to the previously announced agreement and plan of merger, dated as of May 7, 2022, among the Company, Parent and Merger Sub (the "Merger Agreement"). Parent is ultimately controlled by Mr. Hailiang Feng ("Mr. Feng"), the founder of the Company. Pursuant to the Merger, Merger Sub merged with and into the Company, with the Company continuing as the surviving company. As a result of the Merger, the Company has become a privately held company and its American Depositary Shares (each an "ADS," representing 16 ordinary shares of the Company, and collectively, the "ADSs") will no longer be listed on the NASDAQ Global Market (the "NASDAQ").
Read more at prnewswire.comHailiang Education Announces Completion of Merger
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