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Yixiang holding the acquisition of the United States Jinbao early education

Website Editor: Flying Group │ Published:2017-01-1

Sponsored by the Chinese entrepreneurs Yixiang Holdings announced on the 28th, will be $ 127.5 million acquisition of the United States Children's Industrial Group Golden Baby's global early childhood growth education business.
Under the terms of the agreement, Golden Baby will receive $ 127.5 million in cash from Yixiang Holdings with a net after tax of approximately US $ 80 million. The deal is expected to be completed by mid-July this year.
Upon completion of the transaction, Yixiang Holdings will hold all the shares of Golden Baby's Global Early Learning business, including its immediate center and early education center in North America. Yixiang Holdings also agreed to acquire the intellectual property rights of the Golden Baby Early Learning Course and related trademarks. Golden Baby's global children's clothing business and related retail brands are not included in the transaction.
Headquartered in Singapore, Yixiang Holdings is a private holding company focused on the education and cultural and entertainment industries. He is the founder of the board of directors of Jiangsu Feixiang Group, engaged in the chemical industry.
Golden Baby Company was founded in 1976 in San Francisco, to start early education center started, and later the development of children's clothing business. The company entered China in 2003. According to the company, Jinbao early education business is committed to zero to 5-year-old infants and young children to provide opportunities for learning and growing in parent-child activities, currently in North America and more than 40 countries and regions with more than 700 early education center, of which more than 200 in China.