FOSHAN, China, June 7, 2017 /PRNewswire/ -- Bright Scholar
Education Holdings Limited (NYSE: BEDU) ("Bright Scholar" or the
"Company"), the largest operator of international and bilingual
K-12 schools in China*, today
announced that the Company completed the offering of an additional
2,250,000 American depositary shares ("ADSs") pursuant to the full
exercise of the over-allotment option by the underwriters of the
Company's initial public offering at the initial public offering
price of US$10.50 per ADS. Each ADS
represents one Class A ordinary share of the Company. As a result
of the exercise of the over-allotment option, the Company offered a
total of 17,250,000 ADSs at its initial public offering, which
represents total gross proceeds of approximately US$181.1 million. The Company's ADSs began
trading on the New York Stock Exchange on May 18, 2017 under the ticker symbol "BEDU."
The Company's registration statement relating to this offering
has been filed with, and declared effective by, the U.S. Securities
and Exchange Commission. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful,
prior to registration or qualification under the securities laws of
any such state or jurisdiction.
The offering of the securities is being made only by means of a
prospectus forming a part of the effective registration statement.
A copy of the prospectus relating to the offering may be obtained
by contacting: Morgan Stanley & Co. International plc by
telephone at +1-917-606-8487 or by emailing
prospectus@morganstanley.com; Deutsche Bank Securities Inc. by
telephone at +1-800-503-4611 or by emailing prospectus.CPDG@db.com;
China Merchants Securities (HK) Co., Ltd. by telephone at
+852-3189-6888 or by emailing gcmgroup@cmschina.com.hk; or BNP
Paribas Securities Corp. by telephone at +1-888-860-5378 or by
emailing dl.nyk_elo@us.bnpparibas.com.
About Bright Scholar
Bright Scholar is the largest operator of international and
bilingual K-12 schools in China*.
The Company is dedicated to providing quality international
education to Chinese students and equipping them with the critical
academic foundation and skillsets necessary to succeed in the
pursuit of higher education overseas. It also complements its
international offerings with Chinese government-mandated curriculum
for students who wish to maintain the option of pursuing higher
education in China. As of
February 28, 2017, Bright Scholar
operated 51 schools covering the breadth of K-12 academic needs of
its students across seven provinces in China. In the first half of the 2017 school
year ended February 28, 2017, Bright
Scholar had an average of 29,230 students enrolled at its
schools.
* In terms of student enrollment as of September 1, 2016, according to an industry
report commissioned by Bright Scholar and prepared by Frost &
Sullivan in 2017.
IR Contact
Bright Scholar Education Holdings Limited
Dora Li
Chief Financial Officer
Tel: +86-757-6683-2507
Email: IR@brightscholar.com
FleishmanHillard
Email: BrightScholar.ir@fleishman.com
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SOURCE Bright Scholar Education Holdings Ltd.