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Perfect Wisdom acquires stake in TAL Education

China-based Perfect Wisdom International Ltd. acquired 8,812,500 class A common shares, or a 7.3% stake, in Chinese tutoring services provider TAL Education Group on Dec. 31, 2017, according to a Feb. 28 SEC filing.

Further, Perfect Wisdom's Director Yachao Liu acquired 8,970,606 class A common shares, or a 7.5% stake, in the tutoring services provider.