MT Newswires Live08-06
Be Friends (HKG:1450) said it agreed to acquire a Chinese training services provider for 180 million yuan, a Tuesday Hong Kong bourse filing said.
Shares of the new media services company gained nearly 1% in recent Wednesday trade.
The purchase of Hangzhou Be Friends Education Technology is subject to shareholder approval and the company plans to call a meeting to seek such approval.
Hangzhou Be Friends is partly owned by Li Liang and Li Jun, who are executive directors of the company.
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