Business Daily Media

BExcellent Group acquires for 30.0% equity of a local overseas education consultant company

Cooperation with industry expert to deepen oversea education business

HONG KONG SAR - Media OutReach - 31 March 2023 - "Glocal Education Services Centre" (GES), and "Academic Advisers", which are owned by BExcellent Group Holdings ("BExcellent Group" or the "Company", together with its subsidiaries, the "Group"; stock code: 1775), have officially launched a merger plan with "LINKEDU", one of the experts in overseas education consulting services.

It is anticipated that this merger will integrate the strengths of the three companies to create a greater team of overseas education advisers, covering both secondary schools and universities, combining resources, expertise and experience of the three teams to provide students and parents with more comprehensive and caring one-stop study advisory services.

The total amount of the consideration for the acquisition is approximately HK$9.18 million, which includes HK$1.05 million being payable in cash upon completion. After the completion date, another HK$2.92 million will be settled by the allotment and issue of approximately 3.65 million Consideration Shares under the General Mandate at the issue price of HK$0.80 per Consideration Share, representing approximately 0.72% of the number of issued Shares. The balance of the consideration, being HK$5.21 million, is payable by the transfer of shares in GES and Academic Advisers, in return for 90,000 new Target Shares to be allotted and issued by "LINKEDU".

With the extensive network and resources of Beacon Group, the parent company of GES which is an indirectly wholly-owned subsidiary of the BExcellent Group, GES has been committed to provide consulting services under career-oriented approaches to students who are interested in the professional disciplines, especially in health sciences and medicine, so as to provide them with the latest academic and industry information. Also, GES provides different internship programmes to allow students understand their suitability to specific disciplines and help to fulfill their dream of overseas studies.

GES has partnered with Academic Advisers for years to provide overseas education consultancy services. Academic Advisers specializes in consultancy services on overseas secondary boarding school and its network of schools covers the United States, the United Kingdom, Australia, New Zealand, Canada and other popular oversea study areas. Also, Academic Advisers works with the local schools to arrange short-term study programs for the students to experience.

As for LINKEDU, it is a specialist in international education in the United Kingdom and Australia. Its services range from different preliminary work, including school selection, admission application, interviews, visas, accommodation and air ticket booking, to follow-up and support services after admission and up to graduation.

Ms. Leung Ho Ki, June, Chairman of the Group, said, "With the addition of LINKEDU to the BExcellent Group, the business will complement GES and Academic Advisers and the services will range from secondary boarding schools to universities and up to the future career consulting services. We will provide students with one-stop overseas education consultancy services. No matter which country the students intend to study in, we will join hands with them to help them realize their dreams."



Hashtag: #BExcellentGroup

The issuer is solely responsible for the content of this announcement.

BExcellent Group Holdings Limited

BExcellent Group Holdings Limited ("BExcellent Group") is a leading provider of private supplementary secondary school education services in Hong Kong, particularly in providing private supplementary secondary school education services and a series of ancillary education services and products, and operating private secondary day schools in Hong Kong. The education brands of the Group include "Beacon College", "Beacon Day School", and "Beacon Childhood", etc. Furthermore, the Group has developed international education services for schools and has successfully commenced education programme in the Greater Bay Area. As at 31 January 2023, the Group operated 10 teaching centres, with a total of 80 classrooms, which, in accordance with the EDB's guidelines, allow a maximum classroom capacity of 2,273 students to attend class at any one time.

News from Asia

Tsim Sha Tsui Ranked the World’s Fourth Most Expensive Shopping Street

Hong Kong's Tsim Sha Tsui maintains a high global ranking position as the world's 4th most expensive retail street; the area continued to top the APAC ranking as region's the most expensive...

"Blessed Xizang, Loving Shannan": The Cultural Tourism & Investment Promotion Event for Shannan City, Xizang Autonomous Region, China Successfully Held In Thailand

BANGKOK, THAILAND - Media OutReach Newswire - 21 November 2024 - On November 18, 2024, "Blessed Xizang, Loving Shannan": The Cultural Tourism & Investment Promotion Event (Thailand) for Shanna...

Aon appoints Magnus Roe as Global Chief Data and Analytics Officer Based in Singapore

SINGAPORE - Media OutReach Newswire - 21 November 2024 - Aon plc (NYSE: AON), a leading global professional services firm, today appointed Magnus Roe as global chief data and analytics officer...

OPPO Launches Find X8 Series Globally, Marking Steady Progress in Globalization

OPPO Find X8 and Find X8 Pro launched in global markets Overseas markets have become the growth engine for OPPO, contributing approximately 60% of its total shipments OP...

Lexus Asia Celebrates Celebrity Chef Alvin Leung's Protégé in The Maverick Academy

SINGAPORE - Media OutReach Newswire - 21 November 2024 – Lexus Asia celebrates Chef Yuda Bustara, the inaugural winner of The Maverick Academy, an innovative culinary competition series hosted by ...

Arrow Electronics Fuels SAVART Motors’ EV Manufacturing Expansion in Indonesia

Boosting engineering and supply chain capabilities to drive sustainable e-mobility JAKARTA, INDONESIA - Media OutReach Newswire - 20 November 2024 - Global technology solutions provider Arrow Ele...

Correcting and Replacing: Cake digital bank launches its fully cloud-based card management system using Visa solutions, the first of such deployment in Vietnam

HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 15 November 2024 – Cake by VPBank (Cake), Vietnam's largest digital bank by user base, revenue and product variety, announced the launch of it...

Black Friday Savings: Kling AI Offers 50% Off and Free Feature Upgrades

BEIJING, CHINA - Media OutReach Newswire - 21 November 2024 - On November 11th, Kling AI, a trailblazer in AI-powered image and video generation, has announced sweeping upgrades to its user plans ...

Breaking Learning Barriers: Kumon Launches Kumon Connect, Redefining Educational Experiences

New Students Enrolling in December Courses Enjoy Exclusive Double Rewards HONG KONG SAR - Media OutReach Newswire - 21 November 2024 - The Kumon Method was first established in Japan in 1958 and h...

OPPO Elevates ColorOS 15 with Microsoft’s Advanced AI Productivity Features

SHENZHEN, CHINA - Media OutReach Newswire - 21 November 2024 - OPPO has strengthened its cooperation with Microsoft to deliver advanced AI productivity features to ColorOS 15, OPPO's next-generati...

4 Steps to Calculating the Cost of a Granny Flat

More and more Australians are choosing to build granny flats, and for a good reason! They provide additional living space for elderly parents or a...

Property

Why You Should Choose NetSuite to Improve Business Performance

Businesses that are serious about eliminating wasted time, money, and maximizing their ROI understand the value of streamlining their critical bus...

Business Training

Four ways SMBs can optimise managed print success through ERP integration

In the field service industry, many Australian small and medium-sized businesses (SMBs) offer tailored managed print services (MPS). These compani...

Business Training

5 Mistakes of Online Stores Solved by Sales Automation

#1 Recordkeeping is done in office programs (like Excel) Let’s suppose that you own a small online store with some 20-30 items in the assortment...

Business Training

SMEs urged not to overlook domain names

More shoppers are seeking out Aussie businesses online. A com.au domain name says your business is local.   *  70% of respondents to a surv...

Business Training

Company Fleet Hacks To Keep Your Business Rolling

In today's competitive business landscape, companies with vehicle fleets need to stay ahead of the curve to maximize efficiency and minimize costs...

Business Training