On 16 February 2017, Dadi Education Holdings Limited (hereinafter referred to as “Dadi Education Holdings”, stock code: 8417.hk) had its H shares successfully listed on theHong Kong Stock Exchange Growth Enterprise Market.
Dadi Education Holdings and its subsidiary (henceforth “the Group”) provide overseas studies service in Hong Kong in name of Dadi Overseas Studies Service Centre since 1990. The Group possesses three offices located in three main areas in Hong Kong.
The number of Placing Shares and Public Offer Shares is 306,320,000 and 922,340,000 respectively. There was a very significant over-subscription in the Public Offer. The Offer Price has been determined at HK$0.34 per Offer Share and the net proceeds from the Share Offer were estimated to be approximately HK$55.4 million.After the Issuer submitted its listing application to the Stock Exchange, Stock Exchange has issued new guidance letter in relation to suitability for listing. We have assisted the Company in answering the Stock Exchange’s extensive queries.
Guantao Hong Kong Office acted as legal advisor of sponsor and underwriter, providing HK legal services throughout the whole transaction, which led by George Lee and his team.