Scienjoy Acquires 29.9% Stake in Leader Education for HK$102.7 Million
Scienjoy Holding Corporation (SJ) has announced that its subsidiary, Scienjoy Innovation Labs Inc., will acquire a 29.9% equity stake in Hong Kong-listed Leader Education Limited for approximately HK$102.69 million ($13.1 million). The transaction is expected to strengthen Scienjoy's presence in the education sector and expand its portfolio of strategic investments. Leader Education, which operates a chain of early childhood educational centers across China, has been seeking partnerships to enhance growth amid regulatory changes affecting private tutoring businesses. This acquisition by Scienjoy could provide Leader with additional capital and resources for expansion while offering Scienjoy access to the education market.
Tickers: $SJ
Topics: acquisition education sector