Shanghai Xinnanyang Only Education & Technology (SHA:600661) plans to acquire the remaining stake it does not hold in Shanghai Yulun Education Technology Development for 13.4 million yuan, according to a Shanghai bourse filing on Wednesday.
The price for the remaining 20% stake was originally capped at 34 million yuan, but it was reduced after the previous stake's owner, Chen Li, died.
After the transaction, Yulun will become a wholly-owned subsidiary of the Chinese education and training services provider, the filing said.
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