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Leader Education's Controlling Shareholder to Sell 30% Stake to Nasdaq-listed Scienjoy

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Leader Education (HKG:1449) said its controlling shareholder, Shuren Education, will sell a 29.9% stake in the company to Nasdaq-listed Chinese live streaming service provider Scienjoy for HK$102.7 million, according to a Wednesday Hong Kong Exchange filing.

A unit of Scienjoy will acquire 239.2 million shares of the education service provider from Shuren Education as an investment, the filing said.

Dong Ling, an executive director of Leader Education, owns Shuren Education. Dong is the spouse of Liu Laixiang, the company's chairman and CEO. Together, Dong and Liu own 62.08% of Leader Education.

In a separate press release, Scienjoy said it plans to integrate its AI and technology capabilities with Leader Education's educational offerings.

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