China Education Alliance Acquires Noah International Education Group for RMB16 Million In Cash

China Education Alliance

today announced that the company successfully acquired Noah International Education Group, the largest multi-language learning institute in Northern China offering courses of English, Japanese, Korean, Russian, German, French, Spanish, Italian, Arabic, etc. in Northern China, for RMB 16 million in cash. Currently, Noah International serves a student body of roughly 1,000 students with its two training centers in Harbin and Changchun, and generates annual revenue of RMB 10 million and net profit of RMB 3 million. There are courses designed for Junior college students, part time, summer and winter classes as well as VIP one-on-one classes, catering to the mass population. Noah runs a successful and effective system for teaching foreign languages to white-collars and foreign language enthusiasts.