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Hailiang Education Group Inc (NASDAQ: HLG) has entered into a strategic cooperation framework agreement with Ruijie Networks Co Ltd, a Chinese information and communications technology infrastructure and solution provider.
The agreement covers education digitalization and development of Hailiang’s “Smart Campus Operation System.”
The financial details of the deal were not disclosed.
Both the parties have agreed to establish a “Teaching Innovation Experimental Base” to conduct exchanges and collaboration in research, achievement sharing, application, and other aspects of technology related to education informatization.
“Based on our extensive experience in China’s education industry, Hailiang Education and Ruijie Networks anticipate to further our cooperation in a deeper and broader level by sharing resources in our advantageous areas, boost the R&D and the designing of innovative technologies and solutions in line with scenario-oriented applications in education and teaching,” said Junwei Chen, Hailiang CEO.
Price action: HLG shares are trading lower by 0.01% at $39.04 on the last check Tuesday.
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