Citic Press Corporation (SZSE:300788) agreed to acquire unknown stake in Beijing Hopefound Education Technology Co., Ltd for CNY 24 million on December 28, 2021. Within 10 working days after the preconditions are met, the company will pay the share transfer price.
In a related transaction Citic Press Corporation enetred into a capital increase transaction. After the capital increase and acquisition, the company will own a total of 8.57% stake in the target.