Private school operator China Yuhua Education started premarketing an initial public offering on Monday, potentially adding another name to the burgeoning sector in Hong Kong’s stock market.
Henan-based Yuhua will become the fourth Chinese school operator listed in Hong Kong, providing investors yet another choice in a sector often seen as a proxy for investing in China’s emerging middle class.
China’s education sector has become well-regarded among Hong Kong investors since China Maple Leaf Education listed its shares in November 2014. The shares of Maple Leaf and its listed peer Virscend Education have risen 67% and 95% respectively since their IPOs, while Wisdom Education has...
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