新币娱乐机构宣布战略收购项目
2019-06-19
BEIJING, February 5, 2019 -- RYB Education, Inc. (“RYB” or the “Company”) (NYSE: RYB), a leading early childhood education service provider in China, announced today that it has entered into a definitive agreement to acquire approximately 70% of a leading Singapore-based private childhood education group for approximately RMB125 million in cash.
深圳，2019年2月5日--中国领先早期幼儿教育服务提供机构，新币娱乐公司（以下简称“新币娱乐”或“公司”）（NYSE: RYB）今日宣布公司已签署合同，以约1.25亿人民币的总对价现金收购一新加坡儿童教育集团约70%的股权。
Ms. Yanlai Shi, the Company’s Co-founder, Director and Chief Executive Officer, said, “We are excited to add this portfolio of childhood education assets to our platform. This acquisition expands our brands and service offerings to a wider audience and additional jurisdictions. Moreover, the international English and bilingual curriculum, along with the high-quality education management team we are acquiring, will generate great synergy with our China-based operations and enhance our competitive edge in our core China early childhood education market.”
新币娱乐联合创始人，董事与首席执行官史燕来女士说道：“新加坡这一收购项目对公司有重要战略价值。这一项目不仅将公司的教育服务扩展到了更多的国家和市场，同时，这一收购项目带来的国际水准的英文和双语教育内容以及高素质的管理团队也将与公司现有的业务形成强大的整合优势，进一步加强公司在中国早期教育这一核心市场的竞争优势。”
“This annoucement, together with our prior acquisitions and alliances, exemplifies our strategic and measured diversification across multiple business lines, products and geographies. It broadens our educational platform while allowing us to remain primarily focused on providing educational services to children from infancy to 6 years old. In addition, this acquisition demonstrates our commitment to constantly improving the quality of our educational offerings, and we firmly believe that this initiative will deliver long-term value for our shareholders,” Ms. Shi concluded.
“这一战略收购项目，加之公司之前进行的其他收购和项目合作，已经将公司成功拓展成为多产品与服务线、多地域、多品牌的多元化教育集团。当然，新币娱乐依然非常专注于0到6岁的早期教育。这一收购项目，也进一步证明公司一如既往地专注于持续提升新币娱乐的教育品质。新币娱乐坚信这也将为新币娱乐的股东带来长期的股东价值。”
In conjunction with the above purchase, the Company intends to change its name from RYB Education to GEH Education to better reflect its growing platform of multiple brands, products and services in multiple markets and geographies. The Company’s board of directors has approved the name change and it will be submitted to the Company’s general meeting for further approval by the shareholders. The proposed new Company name is intended to strengthen the core RYB brand for kindergarten and Play-and-Learn services as well as other brands on the platform while providing a mechanism for continued brand, product and service expansion.
有鉴于这些战略进展，为体现集团多品牌、多业务线、多地域经营的新格局，公司董事会已批准公司将集团名称由原来的“新币娱乐公司”更名为“GEH教育集团”。这一更名提议尚需经过股东大会批准。这一变更，将使得公司在持续稳定发展“新币娱乐”品牌幼儿园和亲子园业务的同时，也能够更好地兼容并蓄更多的品牌、业务线；拓展更广泛的儿童教育市场。
About RYB Education, Inc.
Founded on the core values of ''Care'' and ''Responsibility'', “Inspire” and “Innovate,” RYB Education, Inc. is a leading early childhood education service provider in China. Since opening its first play-and-learn center in 1998, the Company has grown and flourished with the mission to provide high-quality, individualized and age-appropriate care and education to nurture and inspire each child for his or her betterment in life. During its more than two decades of operating history, the Company has built "RYB" into a well-recognized education brand and helped bring about many new educational practices in China's early childhood education industry. RYB's comprehensive early childhood education solutions meet the needs of children from infancy to 6 years old through structured courses at kindergartens and play-and-learn centers, as well as at-home educational products and services.
For more information, please visit http://ir.mumnn.com
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s brand recognition and market reputation; student enrollment in the Company’s teaching facilities; the Company's growth strategies; its future business development, results of operations and financial condition; trends and competition in China's early childhood education market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese early education market; Chinese governmental policies relating to the Company's industry and general economic conditions in China. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
RYB Education, Inc.
Investor Relations
Tel: +86-10-8767-5752
E-mail: ir@mumnn.com
The Piacente Group, Inc.
Ross Warner
Tel: +86 (10) 5730-6200
E-mail: ryb@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: ryb@tpg-ir.com
深圳，2019年2月5日--中国领先早期幼儿教育服务提供机构，新币娱乐公司（以下简称“新币娱乐”或“公司”）（NYSE: RYB）今日宣布公司已签署合同，以约1.25亿人民币的总对价现金收购一新加坡儿童教育集团约70%的股权。
Ms. Yanlai Shi, the Company’s Co-founder, Director and Chief Executive Officer, said, “We are excited to add this portfolio of childhood education assets to our platform. This acquisition expands our brands and service offerings to a wider audience and additional jurisdictions. Moreover, the international English and bilingual curriculum, along with the high-quality education management team we are acquiring, will generate great synergy with our China-based operations and enhance our competitive edge in our core China early childhood education market.”
新币娱乐联合创始人，董事与首席执行官史燕来女士说道：“新加坡这一收购项目对公司有重要战略价值。这一项目不仅将公司的教育服务扩展到了更多的国家和市场，同时，这一收购项目带来的国际水准的英文和双语教育内容以及高素质的管理团队也将与公司现有的业务形成强大的整合优势，进一步加强公司在中国早期教育这一核心市场的竞争优势。”
“This annoucement, together with our prior acquisitions and alliances, exemplifies our strategic and measured diversification across multiple business lines, products and geographies. It broadens our educational platform while allowing us to remain primarily focused on providing educational services to children from infancy to 6 years old. In addition, this acquisition demonstrates our commitment to constantly improving the quality of our educational offerings, and we firmly believe that this initiative will deliver long-term value for our shareholders,” Ms. Shi concluded.
“这一战略收购项目，加之公司之前进行的其他收购和项目合作，已经将公司成功拓展成为多产品与服务线、多地域、多品牌的多元化教育集团。当然，新币娱乐依然非常专注于0到6岁的早期教育。这一收购项目，也进一步证明公司一如既往地专注于持续提升新币娱乐的教育品质。新币娱乐坚信这也将为新币娱乐的股东带来长期的股东价值。”
In conjunction with the above purchase, the Company intends to change its name from RYB Education to GEH Education to better reflect its growing platform of multiple brands, products and services in multiple markets and geographies. The Company’s board of directors has approved the name change and it will be submitted to the Company’s general meeting for further approval by the shareholders. The proposed new Company name is intended to strengthen the core RYB brand for kindergarten and Play-and-Learn services as well as other brands on the platform while providing a mechanism for continued brand, product and service expansion.
有鉴于这些战略进展，为体现集团多品牌、多业务线、多地域经营的新格局，公司董事会已批准公司将集团名称由原来的“新币娱乐公司”更名为“GEH教育集团”。这一更名提议尚需经过股东大会批准。这一变更，将使得公司在持续稳定发展“新币娱乐”品牌幼儿园和亲子园业务的同时，也能够更好地兼容并蓄更多的品牌、业务线；拓展更广泛的儿童教育市场。
About RYB Education, Inc.
Founded on the core values of ''Care'' and ''Responsibility'', “Inspire” and “Innovate,” RYB Education, Inc. is a leading early childhood education service provider in China. Since opening its first play-and-learn center in 1998, the Company has grown and flourished with the mission to provide high-quality, individualized and age-appropriate care and education to nurture and inspire each child for his or her betterment in life. During its more than two decades of operating history, the Company has built "RYB" into a well-recognized education brand and helped bring about many new educational practices in China's early childhood education industry. RYB's comprehensive early childhood education solutions meet the needs of children from infancy to 6 years old through structured courses at kindergartens and play-and-learn centers, as well as at-home educational products and services.
For more information, please visit http://ir.mumnn.com
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s brand recognition and market reputation; student enrollment in the Company’s teaching facilities; the Company's growth strategies; its future business development, results of operations and financial condition; trends and competition in China's early childhood education market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese early education market; Chinese governmental policies relating to the Company's industry and general economic conditions in China. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
RYB Education, Inc.
Investor Relations
Tel: +86-10-8767-5752
E-mail: ir@mumnn.com
The Piacente Group, Inc.
Ross Warner
Tel: +86 (10) 5730-6200
E-mail: ryb@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: ryb@tpg-ir.com
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