China Chunlai Education Group (01969.HK): Proposes USD127.5 Million Acquisition of Dublin Business School; Expands into Irish Higher Education

NewTimeSpace News: China Chunlai Education Group Co., Ltd. (stock code: 1969) announced that on 5 August 2026, it entered into a share purchase agreement with Kaplan International UK Holdings Limited to acquire the entire issued share capital of Accountancy & Business College (Ireland) Limited (trading as Dublin Business School) for USD 127.5 million (approximately HKD 1 billion), together with transferred intellectual property rights.

The target is one of Ireland's largest independent higher education institutions, accredited by QQI, serving approximately 9,000 students annually with bachelor's and master's degree programs across business, law and IT. Target group revenue was EUR 49.3 million in 2024 and EUR 49.8 million in 2025. The Irish Department of Enterprise, Trade and Employment confirmed no review is required. The acquisition constitutes a major transaction under Chapter 14; the company intends to obtain written shareholder approval from the controlling shareholder in lieu of a general meeting.

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