In first-of-its-kind deal, Florida school sold to Chinese company

John McCarthy:

Florida Preparatory Academy has been sold to a Chinese education company making its first foray into the United States. Newopen USA, a subsidiary of the Chongqing, China-based Newopen Group, is the new owner of the private school, which opened as Florida Air Academy in Melbourne in 1961. Newopen is planning to create a network of schools throughout the country.