Beijing Minsheng Shidai Education & Technology Co.’s 50% Acquisition of Open University Online Distance Education Technology


GLO advised Minsheng Education on the deal.

Beijing Minsheng Shidai Education & Technology Co., Ltd., a wholly-owned subsidiary of Minsheng Education (01569.HK), and Guokai Xianyun (Beijing) Asset Management Co., Ltd. entered into an equity transaction agreement so as to acquire 50% of the equity interests in Open University Online Distance Education Technology Co., Ltd. for RMB 410 million by way of trading on the Tianjin Property Right Exchange Center.

The GLO team was led by our partner Mr. Jinrong Liu (Picture), with support from our associates Ms. Zhenzhen Zhang, Ms. Ruiqing Zhu, Ms. Quanxin Li.

Involved fees earner: Quanxin Li – Global Law Office; Jinrong Liu – Global Law Office; Zhenzhen Zhang – Global Law Office; Ruiqing Zhu – Global Law Office;

Law Firms: Global Law Office;

Clients: Beijing Minsheng Shidai Education & Technology Co.;

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Author: Michael Patrini