On July 13, South China Vocational Education Group Company Limited completed its global offering and listing on The Stock Exchange of Hong Kong Limited, raising US$68.08 million (which could rise to US$78.33 million if the over-allotment option is exercised in full).
South China Vocational Education is a renowned vocational education service provider focusing on China’s rising industries. It is the largest private formal vocational education service provider in the Guangdong-Hong Kong-Macau Greater Bay Area and the fifth largest private formal vocational education services provider in China in terms of full-time student enrollment in the 2019/2020 school year, according to the Frost & Sullivan Report.
S&C advised the sole sponsor, BNP Paribas Securities (Asia) Limited, and the underwriters on Hong Kong and U.S. law matters.
The S&C team was led by Gwen Wong in Beijing. Kay Ian Ng in Hong Kong provided valuable assistance on key aspects of the transaction.