S&C Advises Underwriters on South China Vocational Education IPO on Hong Kong Exchange

July 13, 2021

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.