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Ambow Education announces completion of investment by SummitView

Ambow Education announced that it consummated the transactions provided for in a share purchase agreement dated April 28 between the company and SummitView, an amendment to share purchase agreement dated May 24, and a supplementary agreement dated May 31 between the company and the Fund, regarding the issuance and sale of 30.8M Class A Ordinary Shares of the company to the Fund for a total purchase price of $21M.