Meten Holding Group Ltd.

Meten Holding Group Ltd. offers online English Language Training (ELT) and other English language-related services to students from a wide range of age groups. It operates through the following segments: General Adult English Training, Overseas Training Services, Online English Training, and Junior English Training. The General Adult English Training segment delivers English courses to customers based on customers' particular needs and in a convenient classroom setting at learning centers located across the PRC. The Overseas Training Services segment provides English test preparation training services, consulting services related to overseas study, and short-term study abroad services. The Online English Training segment provides tutorial courses through its online platform, Likeshuo. The Junior English Training segment provides English courses to students aged between six to eighteen in a convenient classroom setting at learning centers located across the PRC. The company was founded in April 2006 and is headquartered in Shenzhen, China.

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SHENZHEN, China, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten EdtechX” or the “Company”), a leading omnichannel English language training (“ELT”) service provider in China, today announced it successfully completed a tender offer for its Warrants to purchase Ordinary Shares at a reduced exercise price of $1.40. The offer expired at 11:59 p.m. Eastern time on January 5, 2021.

Meten EdtechX Announces Completion of its Offer to Exercise Warrants at a Reduced Price

SHENZHEN, China, Jan. 06, 2021 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten EdtechX” or the “Company”), a leading English language training (“ELT”) service provider in China, today announced the appointment of Audit Alliance LLP (“Audit Alliance”) as the Company's independent auditor [effective on January 7, 2021].

Meten EdtechX Announces Change of Auditor

The gross billing of ABC junior ELT in November 2020 increased by approximately 10% on a year-on-year basis

Meten EdtechX Provides Update of its “ABC” Brand

SHENZHEN, China, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten EdtechX” or the “Company”), a leading omnichannel English language training (“ELT”) service provider in China, today announced that it has officially launched pre-sale Korean and Spanish courses on its online platform "Likeshuo" on December 23, 2020, further implementing the Company's growth strategy of diversified minority languages. The Company reserves the copyright of the Korean and Spanish courses listed on "Likeshuo" and operates them independently.

Meten EdtechX Launched Pre-Sale Korean and Spanish Courses on Likeshuo Platform

SHENZHEN, China, Dec. 29, 2020 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten EdtechX” or the “Company”), a leading omnichannel English language training (“ELT”) service provider in China, today announced that its overseas training services was accredited as the “2020-2021 Most Famous Brand in the International Education Industry” by the Overseas Education Research Center of the China Education Think Tank Alliance, the Development Research Committee of Overseas Education Institutions (DRCOOT) and the National Academic Alliance of International Education Teachers (NAAIET) on Dec 16, 2020.

Meten EdtechX was Accredited as the “2020 – 2021 Most Famous Brand in the International Education Industry”

SHENZHEN, China, Dec. 28, 2020 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten EdtechX” or the “Company”), a leading omnichannel English language training (“ELT”) service provider in China, today announced that it has waived a condition to its previously announced offer to exercise (“Offer to Exercise”) certain warrants (the “Warrants”) at a reduced price of $1.40 per share. The Company has waived the condition requiring that at least sixty-five percent (65%) of the outstanding Warrants be tendered prior to 11:59 p.m. (Eastern Time) on January 5, 2021 (the “Expiration Date”). In connection with the waiver, if the Company completes the offer, the exercise price of all outstanding Warrants following the Expiration Date will temporarily be reduced to $2.50 per share, and be subject to a “full-ratchet” anti-dilution protection with respect to subsequent equity sales in which any person will be entitled to acquire ordinary shares at an effective price per share that is lower than the then exercise price of the Warrants, subject to customary exceptions.

Meten EdtechX Waives Condition to its Offer to Exercise Warrants at a Reduced Price

Meten EdtechX's Exam Production Line Has Formed a Complete Business Close-loop Meten EdtechX's Exam Production Line Has Formed a Complete Business Close-loop

Meten EdtechX Remains Strong Growth of its "BiGao" Exam Preparatory Product

Meten EdtechX is actively developing new marketing strategy Meten EdtechX is actively developing new marketing strategy

Meten EdtechX Generated over RMB10 million in Gross Billings During the “Double 12” Nationwide Promotion Activity on Tmall.com

SHENZHEN, China, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten EdtechX” or the “Company”), a leading omnichannel English language training (“ELT”) service provider in China, today reported strong recovery of its junior ELT business. Gross billings and students enrollments of its junior ELT business in October and November 2020 both exceeded the corresponding period in 2019.

Meten EdtechX Reports Strong Recovery of its Junior ELT Business During COVID-19 Pandemic

EdtechX Holdings Acquisition Corp

SHENZHEN, China, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten EdtechX” or the “Company”), a leading omnichannel English language training (“ELT”) service provider in China, today announced that it expects to increase prices of its products under the impact of the COVID-19 pandemic this year.

Meten EdtechX Expected to Increase Products Prices, Leading to a Significant 50% Increase in its Estimated Net Profit in 2021

SHENZHEN, China, Dec. 07, 2020 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten EdtechX” or the “Company”), a leading omnichannel English language training (“ELT”) service provider in China, today announced the filing of a Tender Offer and Prospectus Supplements (the “Offer”) with the U.S. Securities and Exchange Commission (the “SEC”) pursuant to which the exercise price of each tendered warrant of the Company (the “Warrant”) is being reduced to $1.40 per share.

Meten EdtechX Announces Temporary Offer Allowing Warrants to be Exercised at a Reduced Price

Strong focus on strategic investment in growth segments, including online and Junior ELT, drives steady recovery in normalizing trading conditions Strong focus on strategic investment in growth segments, including online and Junior ELT, drives steady recovery in normalizing trading conditions

Meten EdtechX Announces Financial Results for the Third Quarter and the Nine Months ended September 30, 2020

SHENZHEN, China, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (NASDAQ: METX) (“Meten EdtechX” or the “Company”), a leading omnichannel English language training (“ELT”) service provider in China, announces that its board of directors (the “Board”) had considered and approved the following items:

Meten EdtechX announces management investment in its Likeshuo online business and expansion of option pool

News for Meten Holding Group Ltd. Stock (METX)