China Liberal Education to merge with AIWAYS in a $5.5bn deal.

China Liberal Education, a China-based company that provides smart campus solutions and other educational services, agreed to merge with AIWAYS, a global new energy vehicle brand, in a $5.5bn deal. The AIWAYS shareholders will own 99.2% of the combined company, while CLEU shareholders will own 0.8%. "I am thrilled about this merger opportunity. Over the past years, AIWAYS has grown tremendously with the tailwind of a booming new energy vehicles market in China. With access to the capital market, we firmly believe that this combination offers the best opportunities for us to further market expansion, improve innovation and achieve long-term growth goals," Yang Zhang, AIWAYS CEO.