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02175 中國通才教育集團
China General Education Group
Listing Date2021/07/16
Listing Price3.690
 
Quote
Subscription Result
  • Subscription Rate
    4.12x
  • Guarantee One Lot Size
    10 lot
  • One Lot Success Rate
    30%
COMPANY PROFILE

China General Education Group is a private higher education in Shanxi Province, the PRC. It operated one college, Shanxi Technology and Business College in Taiyuan City, Shanxi Province, the PRC. The College offered bachelor’s degree programs in a total of 36 majors and three concentrations to undergraduate students including accounting, auditing, civil engineering and business administration, among many others.

College operated two campuses, namely, Longcheng campus and Beige campus, with a total area of approximately 481,504 sq.m. and building space of approximately 377,556 sq.m. It also equipped with two provincial experimental teaching demonstration centers, two school-level experimental demonstration centers, and one internships and practical training base on campus.

The Initial Employment Rate for graduates of its College reached approximately 94.2% and 90.8% for the 2017/2018 and 2018/2019 school years, respectively.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureCommercial & Professional Services
Major Business AreaChina
Websitechinageg.cn
Board Lot1000
GLOBAL OFFERING
No. of Offer Shares125m shares
No. of International Offer Shares113m shares
No. of HK Offer Shares12.50m shares
Offer Price$3.16 - $4.38
Registrar & Transfer OfficeTricor Investor Services
Stock Code2175
Sponsor(s)Guotai Junan Capital Limited
Underwriter(s)Guotai Junan Securities (Hong Kong) Limited; China Merchants Securities (HK) Co., Limited; Haitong International Securities Company Limited; China Galaxy International Securities (Hong Kong) Co., Limited; Shenwan Hongyuan Securities (H.K.) Limited; CMB International Capital Limited; China Everbright Securities (HK) Limited; Shanxi Securities International Limited; Harmonia Capital Limited; HTF Securities Limited; CMBC Securities Company Limited; Livermore Holdings Limited; Space Securities Limited; Aristo Securities Limited; Merdeka Securities Limited
TIME TABLE
Application PeriodJun 30 (Wed) - Noon, Jul 8 (Thu)
Price Determination DateOn or Before 5pm, Jul 8 (Thu)
Result Announcement DateOn or Before Jul 15 (Thu)
Dispatch of Shares and Refund ChequesOn or Before Jul 15 (Thu)
Dealings in Shares commence onJul 16, 2021. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
DIRECTORS
ExecutiveNiu Sanping (Chairman), Niu Jian, Niu Xiaojun, Zhang Zhonghua
Independent Non-ExecutiveZan Zhihong, Hu Yuting, Yau Wai Man Philip
MAJOR SHAREHOLDERS
Niu Sanping53.25%
Niu Jian21.75%
INCOME STATEMENT (RMB'000)
(Year ended Aug 31)
2020 *20202019
Revenue110,284271,083266,273
Gross Profit64,177163,936157,799
Pre-Taxed Profit50,861142,735137,578
Attributable Profit for the period50,861142,761137,594
* For the four months ended December 31, 2020.
OFFER STATISTICS (HK$)
Offer Price$3.16 - $4.38
Capitalization$1,580m - $2,190m
Unaudited pro forma adj NAV / share$3.41 - $3.70
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $3.77, the net proceeds raised would be HK$418.3m, of which:
* $188.2m (45.0%) use in connection with construction of Phase IV of our Beige campus ;
* $104.7m (25.0%) use to acquire or invest in private institutions of higher education that have substantial growth potential, or to acquire a parcel of land ;
* $83.7m (20.0%) use for renovation and upgrade projects in relation to its teaching buildings and purchases of teaching equipment and furniture ;
* the balance of $41.7m (10.0%) as additional working capital.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
00839CHINA EDU GROUPup13.2200.3802.960%
01317MAPLELEAF EDUup1.3700.0302.239%
01565VIRSCEND EDUdown0.480-0.015-3.030%
01593CHEN LIN EDUunchange2.3100.0000.000%
01765HOPE EDUup1.2400.0302.479%
01851GINGKO EDUunchange1.2800.0000.000%
01935JH EDUCATIONdown1.700-0.020-1.163%
01969CHINA CHUNLAIunchange1.4000.0000.000%
02001NEW HIGHER EDUup3.5500.0702.011%
02175CH GENERAL EDUup4.0900.0400.988%
03978BESTSTUDY EDUup0.5800.0203.571%
06068WISDOM EDU INTLunchange1.4900.0000.000%
06169YUHUA EDUup3.5100.0501.445%
15-min delayed, last updated: 21/09/2021 17:59
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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