Benzinga | Feb 4, 2021 08:02AM EST

Lixiang Education Highlights Completion Of Youxi Software Acquisition For $46.5K In Cash

LISHUI, China, Feb. 4, 2021 /PRNewswire/ -- Lixiang Education Holding Co., Ltd. ((the ", Company", NASDAQ:LXEH), a prestigious private primary and secondary education service provider in China, today announced that it has completed the acquisition of 100% of equity interest in Hangzhou Youxi Information Technology Co., Ltd. ("Youxi Software") for the layout of online education of the Company.

Youxi Software was founded in 2018 and has developed five software with Computer Software Copyright, including among others live streaming supervision system, Android live streaming system, and Apple live streaming system, etc. The total consideration of the acquisition was RMB300,000 (approximately $46,500) in cash.