China’s Minsheng Launches $1.45B Education Industry M&A Fund With CICC Capital

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China’s education services provider Minsheng Education Group has entered into a strategic cooperation agreement with the country’s investment bank China International Capital Corporation (CICC) to launch a RMB10 billion (US$1.45 billion) merger and acquisition fund, said Minsheng in a filing to the Hong Kong stock exchange on Wednesday.

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