Huali University IPO, First Capital Securities acts as the joint lead manager


On 13 November 2019, Huali University Group Limited (“Huali University”; Stock code: 1756.HK)officially launched the global public offering, China First Capital Group (“CFCG” or the “Group”; Stock code: 1269.HK), a wholly-owned subsidiary, First Capital Financial Group Limited (“FC Financial Group”) and its First Capital Securities Limited (“FC Securities”) act as joint lead manager. Ms. Li Minwen, Deputy Chief Executive Officer of CFCG, Chairman of FC Financial Group, attended the roadshow with the investment banking team.

Huali University plans to issue approximately 300 million shares worldwide at a price of HK$2.93 to HK$3.66 per share, with 1,000 shares each, raising funds of approximately 897 million to 978 million Hong Kong dollars. Huali University will be offering shares from November 14th to November 19th and it is expected to be listed the on main board of the Stock Exchange on November 25th.

Huali University is a leading large-scale private higher education and vocational education group in South China, offering applied science-focused and practice-oriented programs. It operates three private schools in Guangdong Province, namely Huali College, Huali Vocational College and Huali Technician College. According to the Frost & Sullivan Report, by the end of 2018, as measured by student enrollment, we ranked second among all private vocational education service providers in South China and ranked fourth among all private higher education service providers in South China.

Picture taking at the roadshow scene. Ms. Li Minwen, Deputy Chief Executive Officer of CFCG, Chairman of FC Financial Group (left 3) with the investment banking team