Davis Polk advised Hope Education Group Co., Ltd. in connection with its initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S. The net proceeds from the offering amounted to approximately HK$3.0586 billion (US$389.7 million) prior to the exercise of the over-allotment option.

Hope Education Group is the second-largest private higher education group in China in terms of the number of students enrolled for higher education as of December 31, 2017.

The Davis Polk corporate team included partners Bonnie Y. Chan and Li He, counsel Stephenie Fung, registered foreign lawyers Xiaotong (Lisa) Yuan and Fei (Grace) Kong and associate Jeffrey Chan. Counsel Alon Gurfinkel and associate Veronica Orecharova provided tax advice. Counsel Jeanine P. McGuinness provided OFAC and regulatory advice. Members of the Davis Polk team are based in the Hong Kong, Beijing, London and Washington DC offices. 

 

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