SZ-listed Lvjing acquires K12 education provider Jiayi for $172m

SZ-listed Lvjing acquires K12 education provider Jiayi for $172m

Students at the Shichahai sports school attend a class in Beijing, China, May 18, 2016. REUTERS/Damir Sagolj/Files

Guangzhou-based real estate developer Lvjing Holding Co., Ltd, is acquiring Jiangsu Jiayi Education Technology Co., Ltd (Jiayi), a K12 education software and training provider, for 1.2 billion yuan ($172 million), per the company’s latest filing with Shenzhen Stock Exchange (SSE).