[ET Net News Agency, 24 September 2019] China Education Group Holdings Limited (00839)
said its subsidiary Australian Education Group Limited has agreed to buy Aspen Higher
Education Pty Ltd (the target) at a consideration of AUD128 million. The target holds a
call option pursuant to the option deed that could be exercised to acquire all the issued
shares in King's Own Institute. On completion, both the target and King's Own Institute
will become wholly-owned subsidiaries of the company.
King's Own Institute is a company incorporated in the New South Wales, Australia and a
tertiary level higher education institution located in central Sydney, New South Wales,
Australia. King's Own Institute offers accredited degree courses in Accounting, Business,
IT and TESOL to both Australian domestic and international students. (RC)
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00839 CHINA EDU GROUP
Nominal 
4.260 +0.210 (+5.185%) Others
24/09/2019 10:40
China Edu Group (00839) to buy Australian institute
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