BEIJING, July 26 (Xinhua) -- Shanghai Xin Nanyang (600661.SH) announced on Wednesday that it planned to purchase 793,965 common stocks of Korean Chungdahm Learning, INC. with estimated amount of 74.6038 million yuan.
Chungdahm Learning, INC. is mainly engaged in the R&D and teaching of K12 English and mathematics courses. Its business includes offline direct-study, franchise and online courses.
The operating areas Chungdahm Learning, INC. are mainly in Korea, Southeast Asia and other countries and regions. In 2008, it was listed on the Korea Exchange. (Edited by Ma Xin, maxin11@xinhua.org)
A single purchase
