On August 6, 2020 Leader Education Limited (1449.HK) was listed on the Main Board of the Hong Kong Stock Exchange. Huatai Financial was the Sole Sponsor, Sole Global Coordinator, Joint Bookrunner and Joint Lead Manager for the deal. Leader Education was priced at HK$2.10 per share with a fund-raising size of approximately HK$400 million.
Leader Education is a large private formal higher education service provider in Heilongjiang Province, the PRC. Heilongjiang College of Business and Technology, the school that the Company operates, is a degree-granting private university-level education institution established in 2002 in Harbin City, which primarily offers undergraduate programs. As of February 29, 2020, there were a total of 8,807 students enrolled at the school. The Company owned a market share of approximately 7.5% in terms of full-time student enrollment in the 2018/2019 school year in Heilongjiang Province, according to the Frost & Sullivan Report.