28 March, 2019
Skadden advised Koolearn Technology Holding Limited, a leading online education service provider in China and a subsidiary of New Oriental Education & Technology Group (NYSE: EDU), on its HK$1.6 billion initial public offering on the main board of the Hong Kong Stock Exchange.
Trading in the shares commenced on 28 March 2019. The listing will provide funds for Koolearn's long-term development and to further its opportunities in the industry.
The Skadden team was led by Hong Kong partners Julie Gao and Christopher Betts, with of counsels Antony Dapiran and Paloma Wang (Hong Kong), associates Paul Mok, Shimeng Zhang (Hong Kong) and international legal consultant Tianze Ma (Beijing).
