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CMBC Capital (1141) lends HK$340m to CNHE (2001) and HK$100m to its controlling shareholder
Company announcement, 28-Jun-2018
CMBCC seeks a waiver and fails to disclose who the borrowers are. However, the Second Borrower, of HK$340m, is in the PRC education sector with total assets over RMB2.5bn and net assets over RMB1.7bn at 31-Dec-2017. That makes it China New Higher Education (CNHE, 2001) with total assets of RMB2.57bn and net assets of RMB1.72bn. The First Borrower of HK$100m is therefore Aspire Education Management Co., Ltd (BVI), owned by CNHE Chairman and controlling shareholder Li Xiaoxuan.

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