New Oriental Education's Secondary Listing Reported to be Approved Next Week

10月17日

BEIJING, October 16 (TMTPOST) — Chinese tutoring service giant New Oriental Education’s secondary listing will be approved by HKEX (The Stock Exchange of Hong Kong) next week, International Financing Review reported.

Bloomberg reported in August that New Oriental Education was planning a secondary listing in Hong Kong to raise at least US$1 billion. Reports from other media suggest that the company has filed A1 Form with HKEX and selected the Bank of America, Credit Suisse and UBS as the sponsors. 

New Oriental Education is the largest private enterprise in China that focuses on tutoring, private education services and education product development. The company went public on NYSE (New York Stock Exchange) on September 7 2006.

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