Tianli International Unit to Buy Controlling Stake in Art Education Provider
Tianli International (HKG:1773) said its subsidiary, Shenzhou Tianli Education Technology Group, agreed to acquire a controlling 51% stake in Tianlai Technology, according to a Wednesday Hong Kong bourse filing.The transaction includes the purchase of a 10% equity interest in Tianlai for 104 million yuan, as well as a capital injection of 140.8 million yuan.Upon completion, Tianlai will become a subsidiary of Tianli, and its financial results will be consolidated into the group's accounts.Tianlai is an art education services provider focused on art college entrance examination training, integration of art and education, and children's literacy programs.Tianli said the acquisition will strengthen its presence in the art education sector, expand its portfolio of educational services, and create opportunities for collaboration across teaching resources, campuses, and student development programs.