Rider University delays sale of Westminster Choir College to Chinese company
The sale of a New Jersey music college to a Chinese company has been delayed after the state said it needs more information.
Westminster Choir College’s Williamson Hall in Princeton, NJ. (Provided)
The sale of a New Jersey music college to a Chinese company has been delayed after the state said it needs more information before it recommends that a court accept or reject the deal.
Rider University last year announced an agreement to sell Westminster Choir College to subsidiaries of Beijing-based Kaiwen Education.
Two lawsuits oppose the sale. One alleges it violates a 1990s merger between the two schools and could lead to the music school’s closing.
The attorney general’s office said in a report Wednesday Rider hasn’t fully answered questions including the reasons for the sale, what it will do with the proceeds and whether a foreign conglomerate is an appropriate buyer.
A Rider spokeswoman says the school is reviewing the report and will respond to the issues it raises.
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