Norton Rose Fulbright advises on landmark IPO in Hong Kong

Press release - Business December 27, 2018

Global law firm Norton Rose Fulbright has advised CMBI International Capital Limited (CMBI) as sole sponsor and the consortium of underwriters on the initial public offering of China Beststudy Education Group (Beststudy).

Beststudy is the largest K-12 after-school education service provider in southern China and the fifth largest nationwide as measured by total student enrolments and revenue in 2017.

This IPO marks the first time that company with K-12 after-school tutoring business in China has been listed on the Hong Kong Stock Exchange.

The Norton Rose Fulbright team was led by corporate, M&A and securities partner Terence Lau in Hong Kong.

Terence Lau commented: “We are delighted to have advised on the first listing of a PRC K-12 tutoring business on the Hong Kong Stock Exchange.  This successful IPO may signal the increased appetite of fast-growing tutoring companies in China or other countries to seek listings on the Hong Kong Stock Exchange to raise capital and expand.”

For further information please contact:

Kate Farrell, Public Relations Executive
Tel: +44 (0) 20 7444 3724; Mob: +44 (0) 7515 324 290 
kate.farrell@nortonrosefulbright.com

Notes for editors:

Norton Rose Fulbright

Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East.

Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.

Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see nortonrosefulbright.com/legal-notices.