Bright Scholar Announces Intention to Adjourn Extraordinary General Meeting Until Further Notice

Rhea-AI Summary

Bright Scholar Education Holdings Limited (NYSE: BEDU) has announced the adjournment of its extraordinary general meeting scheduled for December 10, 2021. This decision allows the board of directors and management to evaluate the detailed scope of the Business Disposal Plan outlined in the Proxy Statement dated November 15, 2021. The meeting will be rescheduled for a later date, with no specific time set yet. This adjournment is significant as it highlights ongoing considerations regarding the Company's strategic business plans.

Positive

• The adjournment allows for more thorough evaluation of the Business Disposal Plan, potentially leading to better strategic decision-making.

Negative

• The indefinite postponement of the meeting may create uncertainty among shareholders regarding the company's future direction.

FOSHAN, China, Dec. 8, 2021 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that it intends to adjourn the extraordinary general meeting of shareholders scheduled on December 10, 2021 at 10:00 a.m., Beijing Time (GMT+8) until further notice. The adjournment is to allow the Company's board of directors and management to further ascertain the manner and definitive scope of the Business Disposal Plan as specified in the Proxy Statement, dated November 15, 2021, furnished to the Company's shareholders by its board of directors.

About Bright Scholar Education Holdings Limited

Bright Scholar is a global premier education service company, which primarily provides quality international education to global students and equip them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education. Bright Scholar also complements its international offerings with Chinese government-mandated curriculum for students who wish to maintain the option of pursuing higher education in China.

IR Contact:
GCM Strategic Communications
Email: BEDU.IR@gcm.international   

Media Contact:
Email: media@brightscholar.com  
Phone: +86-757-6683-2507

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SOURCE Bright Scholar Education Holdings Ltd.

FAQ

What is the reason for the adjournment of Bright Scholar's general meeting on December 10, 2021?

The meeting is adjourned to allow management to ascertain the definitive scope of the Business Disposal Plan.

When was the Proxy Statement that influenced the adjournment issued?

The Proxy Statement was issued on November 15, 2021.

What is the stock symbol for Bright Scholar Education Holdings Limited?

The stock symbol for Bright Scholar is BEDU.

What does Bright Scholar Education Holdings Limited primarily provide?

Bright Scholar primarily provides quality international education and complements it with the Chinese government-mandated curriculum.

What is the status of the extraordinary general meeting after December 10, 2021?

The extraordinary general meeting has been adjourned until further notice.