[ET Net News Agency, 3 July 2018] China Education Group (00839) said it entered into a
framework agreement with Value Partners (00806) for the establishment of a fund
tentatively named VP-CEG China Education Fund, with a targeted asset under management
(AUM) of Rmb5 billion.
China Education Group and Value Partners will make an initial contribution of Rmb250
million and Rmb370 million respectively to the China Education Fund.
The fund will primarily invest in private higher and vocational education in the PRC,
with a focus on control investment. (HL)