Toronto, Canada, Nov.  16, 2022  (GLOBE NEWSWIRE) -- Visionary Education Technology Holdings Group Inc. (the "Company") (NASDAQ: VEDU), a private education provider located in Canada, with subsidiaries in Canada and market partners in China, today announced that on October 30, 2022, the Company entered into a non-binding Letter of Intent (the “LOI”) to acquire a minimum of an 85% equity interest of Shanghai Heerbanti Education Technology Co., Ltd. (“HEBT”), an education services company headquartered in Shanghai that offers postgraduate tutoring, test preparation and admission resources for students and working professionals in China primarily for the Graduate Management Admission Test (“GMAT”) in connection with graduate business applications. This proposed transaction aligns with the Company’s corporate goal to achieve sustainable growth by acquiring other high-quality education services companies and fits the Company’s growth strategies to expand its offering of education products and services.
Visionary Education Technology Signs non-binding LOI to Acquire Equity Interest of an Online Postgraduate Tutoring Provider.
Visionary Education Technology Signs non-binding LOI to Acquire Equity Interest of an Online Postgraduate Tutoring Provider. --  Visionary Education Technology Holdings Group Inc. (the "Company") (NASDAQ: VEDU), a private education provider located in Canada, with subsidiaries in Canada and market partners in China, today announced that on October 30, 2022, the Company entered into a non-binding Letter of Intent (the “LOI”) to acquire a minimum of an 85% equity interest of Shanghai Heerbanti Education Technology Co., Ltd. (“HEBT”), an education services company headquartered in Shanghai that offers postgraduate tutoring, test preparation and admission resources for students and working professionals in China primarily for the Graduate Management Admission Test (“GMAT”) in connection with graduate business applications. This proposed transaction aligns with the Company’s corporate goal to achieve sustainable growth by acquiring other high-quality education services companies and fits the Company’s growth strategies to expand its offering of education products and services.