On August 6, 2020, Leadership Education Limited (Leadership Education, stock code: 01449.HK) completed its IPO on the Main Board of the Hong Kong Stock Exchange. The global offering comprised 166,667,000 shares at a price of HKD 2.10 per share, raising (if the over-allotment option is not exercised) approximately HKD 317 million.
Leadership Education is a large, private, formal, higher education service provider in Heilongjiang Province, China. It operates the Heilongjiang College of Business and Technology in Harbin City. With a market share of 7.5%, it’s the 8th largest service provider in private formal higher education based on the volume of enrollment of full-time students. The Heilongjiang College of Business and Technology is the fastest growing private education institution offering undergraduate programs based on the compound annual growth rate of enrolled students between 2016 and 2017, and 2018 and 2019.
As the legal counsel on Chinese law for the issuer, Jingtian & Gongcheng’s legal team provided a full suite of legal services to the client, including Chinese legal due diligence, restructuring, and responding to regulatory requests. We advised the client throughout its HKEX IPO and listing, garnering recognition and strengthening our relationship with the client.
