CHINA CHUNLAI (01969) plans to acquire Dublin Business School for $127.5 million to expand its overseas higher education footprint.

CHINA CHUNLAI (01969) announced that on August 5, 2026, the company (as the buyer) entered into a share purchase agreement with Kaplan International UK Holdings Limited (as the seller), pursuant to which the company has conditionally agreed to acquire and the seller has conditionally agreed to sell all the issued share capital of Accountancy & Business College (Ireland) Limited (as the target company), along with the transferable intellectual property to be assigned by Kaplan Inc. upon completion. Prior to the date of the share purchase agreement, a notification regarding the acquisition was submitted to the Irish Department of Enterprise, Trade and Employment under the Irish Foreign Direct Investment Act. On July 30, 2026, the department confirmed that the acquisition did not require review and could proceed to completion. The target company is a private limited company incorporated and registered in Ireland, operating a higher education institution certified by the Irish Quality and Qualifications Authority and registered in Ireland, trading under the business name "Dublin Business School," and offering in-person bachelor's and master's degree programs. The target group comprises the target company and its wholly-owned subsidiary established in Malaysia. The consideration for the sale of shares and the transfer of intellectual property amounts to $127.5 million (approximately HKD 1 billion).