Kaiwen

Rider University had planned to sell Westminster Choir College to the China-based Kaiwen Education, but now says it will only move Westminster out of its valuable property in Princeton, N.J.

The newly disclosed sale agreement of Westminster Choir College to a conglomerate partly owned by the Chinese government appears to state that the prospective owners can close the school at any time.

An elite music college in Princeton, N.J., is up for sale. Its prospective buyer is a for-profit Chinese company — which is partially owned by the Beijing municipal government.