Benzinga | Sep 29, 2020 06:18AM EDT

Bright Scholar To Acquire 60% Equity Interests In Hands-On Inquiry Based Learning Company

FOSHAN, China, Sept. 29, 2020 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced that it entered into agreements to acquire 60% equity interests in Leti Camp Education ("Leti Camp").The Company targets to complete the transaction in November 2020, subject to the satisfaction of customary closing conditions and the completion of relevant corporate and regulatory procedures.

Established in 2017, Leti Camp specializes in providing summer and winter camp activities for teenagers and owns a comprehensive product offering in Hands-on Inquiry Based Learning (HIBL)and camp business. Leti Camp has served around 100,000 students across China with services well received by its partner schools and educational institutions.

"With the anticipated addition of Leti Camp to our camp business, Bright Scholar will further expand its offerings to include adoption of inquiry-based learning," said Zi Chen, Chief Executive Officer of Complementary Education Services. "HIBL aims to increase student engagement, nurture curiosity and excitement in learning and allow for more open-ended learning through participation in interesting camp activities, which is complementary to traditional models of following set curriculum. Being student-focused is at the heart of Bright Scholar. The investment in Leti Camp offers enormous potential and synergy which will expedite the expansion of our camp education service business."