China East Education opens $681m Hong Kong listing

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By Jonathan Breen
30 May 2019

China East Education Holdings has launched bookbuilding for its potential HK$5.3bn ($681m) IPO.

The mainland-based company is offering 435.8m shares at HK$9.80-HK$12.26 each, eyeing proceeds of HK$4.3bn-HK$5.3bn.

Leading the deal is sole sponsor BNP Paribas, alongside joint global co-ordinators CICC and Haitong International. ABC International, CMB International and Guotai Junan International are joint bookrunners and lead managers.

Investors have until June ...

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