$1 billion yuan! A group intends to acquire 20% stake in global art group

23 evening, a group announced that the company in August 22nd with the Beijing World Art Union International Education Consulting Limited by Share Ltd (hereinafter referred to as the "global art group") signed a "Cooperation Framework Agreement", the company intends to price of 50 million yuan to increase the global art group, capital increase after the completion of the company holds 10% stake in global art group; after the completion of the capital, the company to 50 million yuan transferee when Zhang Jun holds a 10% stake in the global art group. After the completion of the equity transfer and capital increase, and ultimately the company directly holds 20% stake in global art group.

According to the announcement, the global art group officially listed on the new board in February 2, 2017, is a company engaged in international creative art education, art preparatory course covers customized service, planning, creative art students International Literacy Training and many other dimensions of comprehensive education services company, the main service is the art preparatory course customized service, art study of planning services, international creative literacy training service.

A group said that the signing of a cooperation framework agreement, both sides will be in line with the company's strategic development, as an important partner in the laws and regulations allow, in favor of the parties give full play to its advantages, through the optimization of resource integration between the two sides, the company to better the development of education industry, through the development of business cooperation. To further improve the company's industrial layout, conducive to long-term development of the company.

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