Main date:
Public release closing date: 12: 00 noon on January 11, 2019
Announcement application results: January 17, 2019
Listing date: January 18, 2019
The family guarantor:
Citic Construction Investment (International) financing Co., Ltd.
Summary of statistics:
Number of shares sold globally: 125000000 shares
Share sold in Hong Kong: 10%
Sales: HK $1.24 to HK $1.98
Estimated collection of funds: HK $1.550 to HK $2.475 billion per hand: HK $3999.91
A summary of the collection
Jiyi is a higher education service provider based in Sichuan Province, which provides educational services to the School of Apricot Management of Chengdu University of Information Engineering during the training period. The Collective College offers a total of 25 undergraduate programs and 22 liberal arts programs, and has established cooperative relationships with 3 talent centers and 126 well-known enterprises to provide practical opportunities for students. in the 2016 and 2017 academic year, the first-time attendance rate of graduate students in the cluster reached 97.2%. According to Frost Sullivan report, the overall first-time graduation rate of China's civil higher education industry was 78.4% in the same period.
The hotel management program of the collection ranks first among all similar programs offered by inland colleges in terms of CUAA, while about 73.3% of the students who graduated from 2015 to 2017 who are most qualified to work in the hotel industry are blamed for high-end hotels.
Industry summary
According to Frost Sullivan's report, between 2013 and 2017, the total income of civilian higher education in Sichuan Province increased from about 3.9 billion yuan to about 5.3 billion yuan, with a compound annual growth rate of 7.9 percent. In the same period, the total income of higher education in hotel management in China increased from about 743 million yuan to about 992 million yuan, with a compound annual growth rate of 7.5%.
Cymbals
The collection is regulated by the Law on the Promotion of Education in the people's Republic of China, and the amendment to the Law on the Promotion of Progress is scheduled to take effect on September 1 last year, but the collection policy applied to profit-making private schools has not yet been introduced, so there is no way to guarantee that the current preferential treatment will remain unchanged.
Valuation
According to the IPO document, assuming that the global development sale was completed on June 30, 2018, based on the approximately 5 shares expected to occur after the completion of the sale, shares should account for a total of HK $0.98 to HK $1.16 per share of tangible assets (calculated at the rate of HK $1 to HK $0.883).