July 7, 2009 (FinancialWire) — Noah Education Holdings Ltd. (NYSE: NED) (Current Market Cap: $138.20 Mil.) has closed its acquisition of 100% interest in Little New Star Education Group, a private education service provider, for RMB113 million in a combination of cash and stock.

Changsha, China-based Little New Star specializes in providing English language training for children. The company has 10 direct-owned learning centers in Changsha, Datong and Xiangtan, and over 600 franchises across China, except in Tibet.

Noah said it expects the newly acquired business to contribute between RMB 13-15 million to net profit in fiscal year 2010.

Shenzhen, China-based Noah Education Holdings is a provider of supplementary education services to China’s elementary and middle school students.

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