The Largest-scale Education IPO in the History of H-share! JunHe assisted China East Education Holdings Limited in its Listing on the HKEx Mainboard

On June 12th 2019, China East Education Holdings Limited (followed as “China East Education”; stock code: 667.HK) was listed on the HKEx mainboard. China East Education issued 43.58 million shares globally, issuing price was HKD 11.25 per share and raised HKD 4.902 billion in total. This is the largest-scale H-share IPO project in the education field.

According to the public offering documents, China East Education is the largest provider of career and technique education accounted for by the average educated people and income at the end of 2017. Issuer owned and operated 145 career and technique schools in 29 provinces and Hong Kong along with famous brands such as “New East Cuisine Education”, “Xinhua Computer Education” and “Wontone Automotive College”, China East Education stands in the leading position in the career and technique market segmentations of cuisine, IT and automotive services.

JunHe acted as PRC legal counsel for the exclusive sponsor. JunHe provided legal services including the offshore restructure, due diligence on the domestic subsidiaries and schools, interviews with related administrations, drafting, reviewing and modifying the application and issuance documents of the listing, conducting PRC legal opinions and responding to the enquiries from the HKSFC and the HKEx. The JunHe team assisted China East Education to be successfully listed on the HKEx mainboard.

The leading partner for the project was Mr.LI, Chenliang