Gravitas Education Holdings, Inc. (GEHI)
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DESCRIPTION
Gravitas Education Holdings, Inc. provides early childhood education services in the People's Republic of China. It operates play-and-learn centers that offer services for the joint participation of 0-6-year-old children and their adult family members to promote children's development, foster bonding with family, and prepare them for their entry into kindergartens and primary schools. The company also operates student care centers; and provides course content, training, support and guidance, and other services to franchisees and licensees. In addition, it develops and sells educational products and services; and distributes merchandise, such as teaching aids, educational toys, at-home educational products, and school uniforms through franchisees and other business partners, as well as directly to a market of families. Further, the company operates Qingtian Youpin, an e-commerce platform for maternity and children's products. As of December 31, 2021, it operated 1,017 play-and-learn centers and 54 student care centers. The company was formerly known as RYB Education, Inc. and changed its name to Gravitas Education Holdings, Inc. in May 2022. Gravitas Education Holdings, Inc. was founded in 1998 and is based in Beijing, China.
NEWS
Gravitas Education Holdings, Inc. Announces Expected Timing for the Effective Time of the Merger
prnewswire.com
2023-12-12 05:00:00BEIJING , Dec. 12, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (the "Company") (NYSE: GEHI) announced that the effective time of the merger between Bright Sunlight Limited, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company (the "Merger Sub") and Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant Education Online Limited, a Cayman Islands exempted company ("Best Assistant") and a controlled subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon") ("eLMTree") (the "Merger") is expected to be 3:00 A.M. (Eastern Time) on December 13, 2023.
GEHI Announces Plan for Closing of Merger and Transfer to NYSE American
prnewswire.com
2023-12-07 04:00:00BEIJING , Dec. 7, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, announced today that, the transaction parties have received all necessary regulatory approvals related to the merger transaction (the "Merger") by and among the Company, NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon") and Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant ("eLMTree"). All conditions precedent to Closing have been satisfied, and the transaction parties will proceed with the closing of the Merger (the "Closing").
Gravitas Education Updates Record Date of Special Cash Dividend
prnewswire.com
2023-11-03 16:05:00BEIJING , Nov. 3, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced that, further to its announcement regarding the payment of a special dividend dated September 21, 2023, the Company expects that the special dividend will be paid on or before the 21st day after the date of the Closing (as defined below) to shareholders of record at the close of business in the Cayman Islands and holders of American depositary shares ("ADS(s)") at the close of business in New York on November 14, 2023. The Company expects the date of the Closing to be on or after November 15, 2023, subject to the satisfaction of certain closing conditions and regulatory approval related to the Merger (as defined below).
Gravitas Education Holdings, Inc. Announces ADS Ratio Change
prnewswire.com
2023-10-20 06:15:00BEIJING , Oct. 20, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE: GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that it plans to change the ratio of its American Depositary Shares ("ADS(s)") to its Class A ordinary shares ("Share(s)") from one (1) ADS representing twenty (20) Shares to one (1) ADS representing ten (10) Shares (the "ADS Ratio Change"). The Company anticipates that the ADS Ratio Change will be effective on or about October 31, 2023 (the "Effective Date").
Gravitas Education Holdings, Inc. Announces Extension of the Outside Date of the Merger
prnewswire.com
2023-10-18 05:17:00BEIJING , Oct. 18, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE: GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that the Company entered into an omnibus amendment and waiver (the "Amendment Agreement") to extend the outside date of the closing (the "Closing") of the Merger (as defined below) to January 18, 2024 considering the extra time that may be needed for the parties to complete the Merger. As previously announced, the Company, Bright Sunlight Limited, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company (the "Merger Sub"), Best Assistant Education Online Limited, a Cayman Islands exempted company ("Best Assistant") and a controlled subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon"), a Cayman Islands exempted company, and solely for purposes of certain named sections thereof, NetDragon entered into the agreement and plan of merger (the "Merger Agreement") on April 18, 2023, which contemplates that Best Assistant will transfer the education business of NetDragon outside of the PRC to Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant ("eLMTree"), and Merger Sub will merge with and into eLMTree with eLMTree continuing as the surviving company and becoming a wholly owned subsidiary of the Company (the "Merger").
Gravitas Education Holdings Inc. Announces Special Cash Dividend in the Range of US$11.256 to US$12.17 per American Depositary Share and Reports Status of Merger
prnewswire.com
2023-09-21 06:31:00BEIJING , Sept. 21, 2023 /PRNewswire/ -- Gravitas Education Holdings Inc. (the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced that the Company's board of directors (the "Board") approved a special cash dividend in an amount ranging from US$11.256 to US$12.17 per American Depositary Share ("ADS"), or from US$0.5628 to US$0.6085 per ordinary share.
Gravitas Education Holdings Inc. Announces Results of the Extraordinary General Meeting on September 11, 2023
prnewswire.com
2023-09-11 06:00:00BEIJING , Sept. 11, 2023 /PRNewswire/ -- Gravitas Education Holdings Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced the results of the Company's extraordinary general meeting of shareholders (the "EGM") held in Beijing today.
Gravitas Education Holdings, Inc. Reports First Half 2023 Financial Results
prnewswire.com
2023-09-08 16:05:00BEIJING , Sept. 8, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China and Singapore, today announced its unaudited financial results for the first half of 2023.
GEHI to Hold Extraordinary General Meeting of Shareholders on September 11, 2023
prnewswire.com
2023-07-31 05:51:00BEIJING , July 31, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at 3/F, No. 28 Building, Fangguyuan Section 1, Fangzhuang Fengtai District, Beijing 100078, People's Republic of China, at 10:00 a.m.
GEHI Appoints New Chief Financial Officer
headlinesoftoday.com
2023-04-23 02:30:00BEIJING, April 23, 2023 /PRNewswire/ — Gravitas Education Holdings, Inc. (“GEHI” or the “Company”) (NYSE: GEHI), a leading early childhood education service provider in China, announced today that it has appointed Mr. Siyuan Wang as its chief financial officer, effective April 23. Mr. Wang will succeed Mr. Hao Gu, who has decided to resign from this position […]...
Gravitas Education Holdings, Inc. Announces Expected Timing for the Effective Time of the Merger
prnewswire.com
2023-12-12 05:00:00BEIJING , Dec. 12, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (the "Company") (NYSE: GEHI) announced that the effective time of the merger between Bright Sunlight Limited, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company (the "Merger Sub") and Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant Education Online Limited, a Cayman Islands exempted company ("Best Assistant") and a controlled subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon") ("eLMTree") (the "Merger") is expected to be 3:00 A.M. (Eastern Time) on December 13, 2023.
GEHI Announces Plan for Closing of Merger and Transfer to NYSE American
prnewswire.com
2023-12-07 04:00:00BEIJING , Dec. 7, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, announced today that, the transaction parties have received all necessary regulatory approvals related to the merger transaction (the "Merger") by and among the Company, NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon") and Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant ("eLMTree"). All conditions precedent to Closing have been satisfied, and the transaction parties will proceed with the closing of the Merger (the "Closing").
Gravitas Education Updates Record Date of Special Cash Dividend
prnewswire.com
2023-11-03 16:05:00BEIJING , Nov. 3, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced that, further to its announcement regarding the payment of a special dividend dated September 21, 2023, the Company expects that the special dividend will be paid on or before the 21st day after the date of the Closing (as defined below) to shareholders of record at the close of business in the Cayman Islands and holders of American depositary shares ("ADS(s)") at the close of business in New York on November 14, 2023. The Company expects the date of the Closing to be on or after November 15, 2023, subject to the satisfaction of certain closing conditions and regulatory approval related to the Merger (as defined below).
Gravitas Education Holdings, Inc. Announces ADS Ratio Change
prnewswire.com
2023-10-20 06:15:00BEIJING , Oct. 20, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE: GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that it plans to change the ratio of its American Depositary Shares ("ADS(s)") to its Class A ordinary shares ("Share(s)") from one (1) ADS representing twenty (20) Shares to one (1) ADS representing ten (10) Shares (the "ADS Ratio Change"). The Company anticipates that the ADS Ratio Change will be effective on or about October 31, 2023 (the "Effective Date").
Gravitas Education Holdings, Inc. Announces Extension of the Outside Date of the Merger
prnewswire.com
2023-10-18 05:17:00BEIJING , Oct. 18, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE: GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that the Company entered into an omnibus amendment and waiver (the "Amendment Agreement") to extend the outside date of the closing (the "Closing") of the Merger (as defined below) to January 18, 2024 considering the extra time that may be needed for the parties to complete the Merger. As previously announced, the Company, Bright Sunlight Limited, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company (the "Merger Sub"), Best Assistant Education Online Limited, a Cayman Islands exempted company ("Best Assistant") and a controlled subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon"), a Cayman Islands exempted company, and solely for purposes of certain named sections thereof, NetDragon entered into the agreement and plan of merger (the "Merger Agreement") on April 18, 2023, which contemplates that Best Assistant will transfer the education business of NetDragon outside of the PRC to Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant ("eLMTree"), and Merger Sub will merge with and into eLMTree with eLMTree continuing as the surviving company and becoming a wholly owned subsidiary of the Company (the "Merger").
Gravitas Education Holdings Inc. Announces Special Cash Dividend in the Range of US$11.256 to US$12.17 per American Depositary Share and Reports Status of Merger
prnewswire.com
2023-09-21 06:31:00BEIJING , Sept. 21, 2023 /PRNewswire/ -- Gravitas Education Holdings Inc. (the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced that the Company's board of directors (the "Board") approved a special cash dividend in an amount ranging from US$11.256 to US$12.17 per American Depositary Share ("ADS"), or from US$0.5628 to US$0.6085 per ordinary share.
Gravitas Education Holdings Inc. Announces Results of the Extraordinary General Meeting on September 11, 2023
prnewswire.com
2023-09-11 06:00:00BEIJING , Sept. 11, 2023 /PRNewswire/ -- Gravitas Education Holdings Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced the results of the Company's extraordinary general meeting of shareholders (the "EGM") held in Beijing today.
Gravitas Education Holdings, Inc. Reports First Half 2023 Financial Results
prnewswire.com
2023-09-08 16:05:00BEIJING , Sept. 8, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China and Singapore, today announced its unaudited financial results for the first half of 2023.
GEHI to Hold Extraordinary General Meeting of Shareholders on September 11, 2023
prnewswire.com
2023-07-31 05:51:00BEIJING , July 31, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at 3/F, No. 28 Building, Fangguyuan Section 1, Fangzhuang Fengtai District, Beijing 100078, People's Republic of China, at 10:00 a.m.
GEHI Appoints New Chief Financial Officer
headlinesoftoday.com
2023-04-23 02:30:00BEIJING, April 23, 2023 /PRNewswire/ — Gravitas Education Holdings, Inc. (“GEHI” or the “Company”) (NYSE: GEHI), a leading early childhood education service provider in China, announced today that it has appointed Mr. Siyuan Wang as its chief financial officer, effective April 23. Mr. Wang will succeed Mr. Hao Gu, who has decided to resign from this position […]...