CAMBRIDGE, England and FOSHAN, China, Dec. 16, 2025 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced the completion of the merger (the "Merger") of the Company with Bright Education Mergersub Limited ("Merger Sub"), an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of Excellence Education Investment Limited ("Parent") ...

Core Points - Bright Scholar Education Holdings Limited has set November 18, 2025, as the record date for the dissemination of the Rule 13e-3 Transaction Statement in connection with a "going private" transaction under a Merger Agreement with Excellence Education Investment Limited and Bright Education Mergersub Limited [1][4] - The merger is expected to close in 2025, resulting in Bright Scholar becoming a privately held company, with its American depositary shares (ADSs) no longer listed on the New York Stock Exchange [4] Summary by Sections Merger Agreement - The Company entered into a Merger Agreement on October 13, 2025, with Excellence Education Investment Limited and its wholly owned subsidiary [1] - Record holders of Class A and Class B ordinary shares will receive a copy of the Schedule 13E-3 and the final form of the Plan of Merger [2] Dissent Rights - Record holders wishing to exercise their dissent rights must provide written objections within seven days of receiving the Plan of Merger [3] Company Overview - Bright Scholar is a premier global education service group that provides quality international education to students, equipping them with essential academic foundations and skillsets for higher education [5]

Core Viewpoint - Bright Scholar Education Holdings Limited has announced a merger agreement with Excellence Education Investment Limited, which will result in Bright Scholar becoming a wholly owned subsidiary of the parent company [1][5]. Merger Details - The merger will involve the cancellation of each American depository share (ADS) for a cash payment of US$2.30 per ADS, and each share of the company will be cancelled for US$0.575 per share, excluding certain shares [2]. - The merger consideration represents a premium of approximately 47.4% to the closing price of the ADSs on May 23, 2025, and premiums of approximately 39.4% and 35.9% to the volume-weighted average closing prices over the last 30 and 60 trading days, respectively [3]. Funding Structure - The merger will be funded through a combination of cash contributions from Wisdom Avenue Global Limited and Waterflower Investment Ltd., equity rollover by Sure Brilliant Global Limited, and a transfer of shares by Ultimate Wise Group Limited to Merger Sub for nominal value [4]. Board Approval - The merger agreement has been approved by the board of directors of Bright Scholar, following a unanimous recommendation from a special committee of independent directors [5]. Closing Timeline - The merger is expected to close in 2025, subject to customary closing conditions, and will result in Bright Scholar becoming a privately held company with its ADSs no longer listed on The New York Stock Exchange [6]. Legal and Advisory Support - Kroll, LLC is serving as the financial advisor to the special committee, while various law firms are providing legal counsel to both the company and the buyer group [7].

Group 1 - The core viewpoint of the article highlights the financial performance and stock movement of Bole Education (BEDU), indicating a 4.89% increase in stock price to $1.82 per share, with a total market capitalization of $54.1 million [1] - As of February 28, 2025, Bole Education reported total revenue of £88.575 million, reflecting a year-on-year decrease of 13.02%, while the net profit attributable to shareholders was £6.941 million, showing a year-on-year increase of 8.64% [1] - Bole Education is identified as the largest operator of K12 international and bilingual schools in China, focusing on providing quality international education and essential academic foundations for students pursuing overseas higher education [2] Group 2 - The company disclosed its Q3 financial report for the fiscal year 2025 on August 22, with data sourced from NASDAQ, indicating the importance of timely financial disclosures [2] - Bole Education aims to offer internationally recognized courses authorized by the Chinese government for students wishing to continue their higher education in China [2]

Group 1 - The core viewpoint of the article highlights the financial performance and stock movement of Bole Education (BEDU), with a notable increase in stock price and a decrease in revenue [1][2] - As of August 22, Bole Education's stock rose by 7.2%, reaching $1.86 per share, with a total market capitalization of approximately $55.29 million [1] - Financial data shows that for the period ending February 28, 2025, Bole Education reported total revenue of £88.575 million, a year-on-year decrease of 13.02%, while the net profit attributable to shareholders was £6.941 million, reflecting a year-on-year increase of 8.64% [1][2] Group 2 - Bole Education is identified as the largest operator of K12 international and bilingual schools in China, focusing on providing quality international education to Chinese students [2] - The company aims to equip students with essential academic foundations and skills necessary for pursuing higher education abroad, as well as offering internationally recognized courses authorized by the Chinese government for those wishing to continue higher education in China [2]

Group 1 - The core viewpoint of the article highlights the financial performance and market activity of Bole Education (BEDU), noting a stock price increase and a significant market capitalization [1][2] - As of August 21, Bole Education's stock rose by 3.89%, reaching $1.735 per share, with a total market value of $51.575 million [1] - Financial data indicates that for the period ending February 28, 2025, Bole Education reported total revenue of £88.575 million, a year-on-year decrease of 13.02%, while net profit attributable to shareholders was £6.941 million, reflecting a year-on-year increase of 8.64% [1] Group 2 - On August 15, Bole Education disclosed its Q3 financial report for the fiscal year 2025, with the actual disclosure date subject to company announcements [2] - Bole Education Holdings Limited is identified as the largest operator of K12 international and bilingual schools in China, focusing on providing quality international education to Chinese students [2] - The company aims to equip students with essential academic foundations and skills necessary for pursuing higher education abroad, while also offering internationally recognized courses authorized by the Chinese government for students wishing to continue higher education in China [2]

Core Viewpoint - Bright Scholar Education Holdings Limited has formed a Special Committee to evaluate a preliminary non-binding proposal and has engaged Kroll, LLC and Gibson, Dunn & Crutcher LLP for financial and legal advisory services respectively [1][2]. Group 1: Company Overview - Bright Scholar is a premier global education service group that provides quality international education to students worldwide, equipping them with essential academic foundations and skillsets for higher education success [3]. Group 2: Proposal Evaluation - The Special Committee is actively reviewing the proposal, but the Board has cautioned shareholders that no decisions have been made yet regarding the proposal [2]. - There is no assurance that a definitive offer will be received or that any agreement related to the proposal will be executed or approved [2].

Core Viewpoint - Bright Scholar Education Holdings Limited has formed a special committee to evaluate a preliminary non-binding proposal received on May 26, 2025 [1][2]. Company Overview - Bright Scholar is a premier global education service group that provides quality international education to students worldwide, equipping them with essential academic foundations and skillsets for higher education success [3].

Core Viewpoint - Bright Scholar Education Holdings Limited has received a preliminary non-binding proposal from its chairperson, CEO, and several shareholders to acquire all outstanding Class A ordinary shares for US$0.50 per share, representing a significant premium over recent trading prices [1][8]. Group 1: Proposal Details - The proposed purchase price is US$0.50 per Class A Share or US$2.00 per American Depositary Share (ADS), which represents a premium of approximately 28.21% to the closing price on May 23, 2025, and premiums of 23.58% and 18.08% to the volume-weighted average closing prices over the last 30 and 60 trading days, respectively [1][8]. - The Buyer Group currently owns approximately 78.4% of all issued and outstanding shares, equating to about 98.6% of the aggregate voting power of the Company [9]. Group 2: Financing and Committee Formation - The acquisition is intended to be financed through equity and/or debt capital by the Buyer Group [2]. - The Board plans to establish a special committee of independent directors to evaluate the proposal and will retain independent financial and legal advisors for assistance [2]. Group 3: Due Diligence and Process - The Buyer Group seeks timely access to conduct customary due diligence on the Company and its subsidiaries [9]. - The proposal is subject to the execution of definitive agreements, which will include typical provisions for such transactions [9][10].

Financial Data and Key Metrics Changes - The company reported revenue from continuing operations of $43.8 million, a decrease from $48.5 million in the same quarter last fiscal year [19] - Net income from continuing operations increased significantly by over 2,000% year over year, reaching RMB3.2 million compared to RMB0.3 million in the same quarter last fiscal year [18][21] - Adjusted net income grew by 179.5% to RMB2.5 million compared to RMB1.3 million for the same quarter last fiscal year [21] Business Line Data and Key Metrics Changes - The schools business accounted for approximately 61% of total revenue, maintaining stable enrollment at 2,699 students year over year [7][9] - Revenue from the overseas study consulting business increased by 6.2% to RMB11.9 million [17][21] - Schools and other revenues were reported at $26.6 million and $5.3 million respectively [21] Market Data and Key Metrics Changes - The company achieved a 14.2% year-over-year improvement in revenue per enrollment at U.S. schools [8] - In the UK, students received offers from eight of the top 10 UK universities, including prestigious institutions like Cambridge and UCL [13][14] Company Strategy and Development Direction - The company is focused on executing a dual engine growth strategy, expanding its school business while enhancing global recruitment efforts [7][15] - There is a commitment to operational efficiency and maintaining high academic standards to drive sustainable long-term value [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver stronger long-term value to students, families, and shareholders, despite macroeconomic headwinds [15] - The company remains optimistic about capitalizing on the growing demand for premier international education [15] Other Important Information - SG&A expenses decreased by 30.7% year over year, improving the SG&A to revenue ratio by 1.2 percentage points [18][21] - The company reported a gross margin from continuing operations of 30%, slightly down from 30.8% in the same quarter last fiscal year [20] Q&A Session Summary - There were no questions during the Q&A session, indicating a lack of immediate inquiries from analysts or investors [23]