ZHUJI, China, July 7, 2015 /PRNewswire/ -- Hailiang Education Group Inc. (Nasdaq: HLG) ("Hailiang Education" or the "Company"), a provider of private K-12 educational services in China, is pleased to announce that its American depositary shares ("ADSs") have begun trading on the NASDAQ Global Market today under the ticker symbol "HLG." The initial public offering of 2.858 million ADSs priced at $7 per share and raised $20 million in proceeds.
Network 1 Financial Securities, Inc. acted as the underwriter for the best efforts offering. Burnham Securities Inc., acted as a member of the Selling Group.
The offering of the securities was 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 Network 1 Financial Securities, Inc., 2 Bridge Avenue, Suite 241, Red Bank, New Jersey 07701, Attention: Steven Sun, Director, Investment Banking or email email@example.com or by calling +1 (800)-886-7007.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, 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.
About Hailiang Education
Hailiang Education is the third largest provider of private K-12 educational services in the People's Republic of China. Founded in 1995, the Company now operates three centrally managed schools under the "Hailiang" brand in Zhuji city, Zhejiang province: Zhuji Hailiang Foreign Language School, Zhuji Private High School, and Tianma Experimental School. Its schools offer a basic educational program, an international program at the kindergarten, primary school, middle school, and high school levels, as well as courses designed for university-bound students studying for A-levels in the United Kingdom or the SAT in the United States. As of December 31, 2014, the company had 17,211 students who were enrolled in its schools.
For more information, please visit http://ir.hailiangedu.com
Mr. Bo Lyu
T: +86 575 8706-9078
Mr. Christian Arnell
T: +86 10 5900-1548 in Beijing
Mrs. Linda Bergkamp
T: +1 480-614-3004
SOURCE Hailiang Education Group Inc.