HONG KONG: Chinese private school operator New Oriental Education & Technology Group Inc has chosen three banks for a planned second listing in Hong Kong that could raise at least US$1bil, according to people familiar with the matter.
The New York-listed company is working with Bank of America Corp, Credit Suisse Group AG and UBS Group AG on the share sale, the people said, asking not to be identified as the information is private.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
