[ET Net News Agency, 21 March 2017] Minsheng Education (01569) said its retail offering
was over-subscribed by about 1.06 times and the international placing was moderately
over-subscribed.
The offer price has been determined at HK$1.38 per share, which is around the medium
level of the indicative price range of HK$1.24 to HK$1.52. The estimated net proceeds
amount to about HK$1,305.7 million.
Dealings in shares of Minsheng Education are expected to commence tomorrow morning, with
a board lot size of 2,000 shares each.
Minsheng Education provides high-quality private formal higher education in China. It
offers a comprehensive range of diverse majors and courses, including through its
collaborative relationships and cooperative education programs with local businesses and
government agencies. (HL)