Bright Scholar Education Holdings Ltd., a global education service company, has announced the receipt of a preliminary non-binding proposal from a group led by its chairperson, Mr. Hongru Zhou, and CEO, Mr. Ruolei Niu, along with several shareholders. This Buyer Group has proposed to acquire all of the outstanding Class A ordinary shares, including those represented by American depositary shares, at a price of US$0.50 per Share or US$2.00 per ADS in cash. The offer represents a significant premium over recent closing prices. The board of directors is currently reviewing the proposal and plans to form a special committee to evaluate it further.
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