U.S. markets open in 56 minutes
  • S&P Futures

    4,138.75
    +14.25 (+0.35%)
     
  • Dow Futures

    32,826.00
    +89.00 (+0.27%)
     
  • Nasdaq Futures

    13,089.25
    +57.75 (+0.44%)
     
  • Russell 2000 Futures

    1,920.00
    +5.40 (+0.28%)
     
  • Crude Oil

    89.35
    -1.15 (-1.27%)
     
  • Gold

    1,807.20
    -5.10 (-0.28%)
     
  • Silver

    20.40
    -0.09 (-0.42%)
     
  • EUR/USD

    1.0326
    +0.0109 (+1.06%)
     
  • 10-Yr Bond

    2.7970
    0.0000 (0.00%)
     
  • Vix

    22.18
    +0.89 (+4.18%)
     
  • GBP/USD

    1.2221
    +0.0145 (+1.20%)
     
  • USD/JPY

    133.2320
    -1.8840 (-1.39%)
     
  • BTC-USD

    23,104.24
    -192.89 (-0.83%)
     
  • CMC Crypto 200

    538.26
    -19.09 (-3.43%)
     
  • FTSE 100

    7,488.85
    +0.70 (+0.01%)
     
  • Nikkei 225

    27,819.33
    -180.63 (-0.65%)
     

Visionary Education Acquires 100% Equity Interest In Griggs China

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Visionary Education Technology Holdings Group Inc (NASDAQ: VEDU) subsidiary entered an agreement to acquire a 100% equity interest in Griggs International Academy China Co. Ltd. (Griggs China).

  • Griggs China is a private consulting and investment holding company in Hong Kong offering U.S. K-12 diploma programs and services of Griggs International Academy the USA at four locations in China.

  • The company also recently entered into a definitive capital increase and share expansion agreement with Griggs China.

  • "Through the investment in Griggs, we expect to extend our global footprint and expand our business to reach potential markets in the Asia Pacific, such as India and Indonesia," said CEO David Xu.

  • This transaction aligns with VEDU's growth strategies of teaming with other educational businesses and expanding course and degree offerings.

  • Price Action: VEDU shares are trading higher by 17.07% at $1.44 on the last check Thursday.

See more from Benzinga

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.