China Xinhua Education buys 60% stake in Fuda Group for $133m

China Xinhua Education buys 60% stake in Fuda Group for $133m

Chinese Yuan notes. Photo: Reuters

Hong Kong-listed higher education provider China Xinhua Education Group is acquiring a majority stake in Fuda Company, which owns Haiyuan College and Kunming Health School, for 918 million yuan ($133 million).

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