Shares of China Liberal Education (CLEU) surged 83% on recent 13G filing that showcases how many insiders hold the shares, many investors on YouTube and Stocktwits are flocking in waves to buy this stock.
China Liberal Education enters LOI to acquire Wanzhong Education Investment
Last month, the company entered LOI to acquire Wanzhong Education Investment and will acquire 100% of Wanzhong shares. Wanzhong currently has more than 4,000 students enrolled with both companies generating more than $15.2 million collectively.
“Through these efforts, we expect to enroll 6,000 to 7,000 students in the next two to three years and generate RMB 150M to 180M (~$23-$28M) of income from tuition and other service fees.”Ngai Ngai Lam, Chairwoman and CEO of China Liberal