公告称，考虑到中国幼儿教育的政策及市场环境，该集团原本透过MAG的澳洲教育系统及商业模式支持中国幼儿教育相关业务大规模发展的目标可能无法于短期内实现。因此，基于集团业务发展的整体布局，该等交易将更符合公司股东的整体利益。Greentown Ser (02869) rose more than 5%, as of the press release, up 5.33%, at HK$3.95, with a turnover of 0.185 billion Hong Kong dollars.
According to the Futu Finance app, Greentown Ser (02869) rose more than 5%, as of the press release, up 5.33%, at HK$3.95, with a turnover of 0.185 billion Hong Kong dollars.
On the news front, Greentown Ser announced that on November 8, 2024, the company's indirect wholly-owned subsidiary, Greentown Education Investment Co. Ltd, intends to sell approximately 11.64% of the issued share capital of Montessori Academy Pty Ltd (as trustee of the Montessori Academy trust) for 16.2 million Australian dollars. On the same day, pursuant to the share sale agreement, as part of the sale transaction, the seller and MAG entered into a repurchase agreement, whereby the seller agrees to sell and MAG agrees to repurchase the shares, representing approximately 10.78% of MAG's issued share capital, at a repurchase price of 15 million Australian dollars. The sale and repurchase transactions are interdependent.
The announcement states that considering the policies and market environment of early childhood education in China, the group's original goal of supporting the large-scale development of related education businesses in China through MAG's Australian education system and business model may not be achievable in the short term. Therefore, based on the overall layout of the group's business development, these transactions are more in line with the overall interests of the company's shareholders.
