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HE Merger Sub to Merge with Hailiang Education.

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Vincent

MANews-(C)2009-2022

China-based education and management services provider Hailiang Education Group Inc. (NASDAQ: HLG) has entered into a definitive agreement and plan of merger with Hailiang Education International Ltd., an exempted company with limited liability incorporated under the law of the Cayman Islands and HE Merger Sub Ltd., an exempted company with limited liability incorporated under the law of the Cayman Islands and a wholly-owned subsidiary of parent, for HE Merger Sub to merge with and into the organisation, the company said.

Under the deal, Merger Sub will merge with and into the company, with the company continuing as the surviving company and becoming a wholly owned subsidiary of Parent in a transaction implying an equity value of the company of approximately USD 368.89m.

Parent and its affiliates, including the Rollover Securityholders, intend to fund the merger with a combination of rollover equity and cash, and...

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