China's TAL Education secures $500m investment from unnamed investor

A classroom in China. Photo: Pixabay

NYSE-listed TAL Education Group, a Beijing-based K-12 after-school tutoring services provider in China, has received an investment of $500 million in exchange for newly issued Class A common shares of the company.

The company did not disclose the identity of the investor in its official announcement but indicated that it was an existing backer who, with the new deal, has raised its holding in the company to approximately 7 per cent.

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