China's Hope Education picks 62.11% stake in Malaysian player Inti for $140m

China's Hope Education picks 62.11% stake in Malaysian player Inti for $140m

Hope Education Group (Hong Kong) Company Limited, a subsidiary of HK-listed China Everbright Limited-backed Hope Education Group Co., Ltd, has agreed to acquire a 62.11 per cent stake in Malaysia’s leading private higher education player Inti Education Holdings Sdn. Bhd. for $140 million, according to a filing with Hong Kong stock exchange (HKEX) on Monday. 

Hope Education Group (Hong Kong) has inked an agreement with Exeter Street Holdings Sdn. Bhd. and Lei Holdings, Ltd for the stake.

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