Sidley has advised on the initial public offering of China Chunlai Education Group Co., Ltd. (China Chunlai Education) (HKEX: 1969) on the Main Board of the Stock Exchange of Hong Kong Limited. Our clients were CLSA Capital Markets Limited as sole sponsor, CLSA Limited, AMTD Global Markets Limited, Yuanyin Securities Limited and First Capital Securities Limited as the underwriters in the transaction. The total offering amount was HK$552.6 million (approximately US$70.4 million).
China Chunlai Education is a leading provider of general higher education in China. Since the establishment in 2004, it has operated three universities within the private Higher Education Institute (HEI) space in Henan Province. Based on student enrollment, this group ranked first in Central China and fourth in China.
The Sidley team was led by partners Mengyu Lu and Kefei Li, with support from senior associate Joyce Ip, associates Angela Zhang and Samantha Peng, China advisor Rock Liu, as well as legal assistants Eason Qu and Ying Bi.
The Sidley China team has an established reputation as one of the top Hong Kong IPO legal advisers. The team has advised on more than 13 Hong Kong IPOs in the first half of 2018 and leads the legal advisor league table on deal counts*.
*RyanbenCapital data (2018 Jan – Jun)