Minsheng Education (1569.HK) Successfully Listed on the Main Board of The Stock Exchange of Hong Kong
Latest Update:
22 nd March, 2017

The tenth largest private provider of higher education in China – Minsheng Education Group Company Limited ("Minsheng Education” or the "Company", stock code: 1569.HK), today has been officially listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange").

 

Shares of Minsheng Education were actively traded on the first trading day. Its share price closed at HK$1.51with an intra-day high of HK$ 1.70 per share, up HK$0.13 or 9.42% compared with the offer price of HK$1.38. A total of approximately 420.17 million shares were traded, with an aggregate turnover of approximately HK$ 651.22 million.

 

Citigroup Global Markets Asia Limited and Macquarie Capital Limited are the Joint Sponsors and the Joint Global Coordinators; Citigroup Global Markets Asia Limited (in relation to the Hong Kong Public Offering), Citigroup Global Markets Limited (in relation to the International Placing) and Macquarie Capital Limited are the Joint Bookrunners; Citigroup Global Markets Asia Limited (in relation to the Hong Kong Public Offering), Citigroup Global Markets Limited (in relation to the International Placing), Macquarie Capital Limited and Southwest Securities (HK) Brokerage Limited are the Joint Lead Managers of this listing.

 

International Finance Corporation, a member of the World Bank Group and City Legend International Limited, a company wholly owned by the Overseas Chinese Town (Asia) Holdings Limited are the cornerstone investors of the Company.

 

Minsheng Education is the tenth largest private provider of higher education in China, as measured by total number of student enrollment as of June 30, 2016. The Company currently owns and operates four schools, namely, Chongqing College of Humanities, Science and Technology, Pass College of Chongqing Technology and Business University, Chongqing Vocational College of Applied Technology and Inner Mongolia Fengzhou Vocational College (Qingcheng Branch). Besides, the Company also invested in two colleges and universities in Hong Kong and Singapore.

 

Mr. LI Xuechun, Chairman and Executive Director of Minsheng Education Group Company Limited, said on the listing ceremony: “The listing of Minsheng Education today marked an important milestone for the Company’s entry into the international capital market. We are honored to receive enthusiastic support from international investors during the global offering. We’ll grab the development opportunities of education industry and adhere to our fundamental educational philosophy 'to emphasize both theoretical learning and practical training in order to offer a perfect fusion of knowledge and practical experience' to build a competitive private educational brand in China with industry leadership and international recognition.”

Latest Update:
22 nd March, 2017