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BRIEF-China Distance Education Holdings announces strategic investment in Beijing Ruida
July 10, 2017 / 12:02 PM / 4 months ago

BRIEF-China Distance Education Holdings announces strategic investment in Beijing Ruida

July 10 (Reuters) - China Distance Education Holdings Ltd :

* China Distance Education Holdings Limited announces strategic investment in Beijing Ruida

* China Distance Education Holdings Ltd- deal ‍for a total consideration of RMB192 million​

* China Distance Education Holdings Ltd- ‍signed definitive agreement to acquire 40% equity interest in Beijing Ruida Chengtai Education Technology Co​

* China Distance Education Holdings Ltd- ‍acquisition of 40% equity interest in Beijing Ruida is an all-cash transaction​

* China Distance Education Holdings Ltd- ‍in addition, co has right to further increase its equity interest in Beijing Ruida up to 60% before April 2019​ Source text for Eikon: Further company coverage:

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