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 US0.50 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].
Bright Scholar Announces Receipt of Preliminary Non-Binding "Going Private" Proposal