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Report: Country Garden unit aims to raise US$200M from IPO

Country Garden Holdings Co. Ltd.'s education unit is considering to raise approximately US$200 million from an IPO either in Hong Kong or in the U.S. this year, The (Hong Kong) Standard reported, citing a source with knowledge of the company's plans.

Country Garden Education Group opened its first Country Garden School in 1994 in the Shunde province of Guangdong, China, according to its LinkedIn profile.

The educational services provider's operations comprise six international, 11 bilingual and 34 kindergarten schools across seven Chinese provinces. The group also owns 15 training schools in Beijing, Shanghai, Shenzhen and Foshan.