FOSHAN, China, July 21,
2022 /PRNewswire/ -- Bright Scholar Education
Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU),
a global premier education service company, today announced that
the special committee (the "Special Committee") of the Company's
board of directors (the "Board"), formed to evaluate and consider
the previously announced preliminary non-binding acquisition
proposal letter dated April 29, 2022
(the "Proposal") or any alternative strategic option that the
Company may pursue, has retained Citigroup Global Markets Asia
Limited as independent financial advisor to the Special Committee
and Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel
to the Special Committee to assist it in this process.
The Special Committee is continuing its review and evaluation of
the Proposal and any alternative strategic options that the Company
may pursue. The Board cautions the Company's shareholders and
others considering trading the Company's securities that no
decisions have been made with respect to the Proposal. There can be
no assurance that any definitive offer will be received, that any
definitive agreement will be executed relating to the transaction
contemplated by the Proposal, or that the transaction contemplated
by the Proposal or any other similar transaction will be approved
or consummated. The Company does not undertake any obligation to
provide any updates with respect to any transaction, except as
required under applicable law.
About Bright Scholar Education Holdings Limited
Bright Scholar is a global premier education service company,
which primarily provides quality international education to global
students and equip them with the critical academic foundation and
skillsets necessary to succeed in the pursuit of higher education.
Bright Scholar also complements its international offerings with
Chinese government-mandated curriculum for students who wish to
maintain the option of pursuing higher education in China.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "may," "will," "expect,"
"anticipate," "aim," "estimate," "intend," "plan," "believe,"
"potential," "continue," "is/are likely to" or other similar
expressions. Such statements are based upon management's current
expectations and current market and operating conditions and relate
to events that involve known or unknown risks, uncertainties and
other factors, all of which are difficult to predict and many of
which are beyond the Company's control, which may cause the
Company's actual results, performance or achievements to differ
materially from those in the forward-looking statements. Further
information regarding these and other risks, uncertainties or
factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. The Company does not undertake
any obligation to update any forward-looking statement as a result
of new information, future events or otherwise, except as required
SOURCE Bright Scholar Education Holdings Ltd.