PROJECT

Projects

Summary of Investment Information

Project Number

42960

Company Name

CHONGQING MINSHENG EDUCATION MANAGEMENT CO., LTD.

Date SPI Disclosed

Feb 6, 2020

Country

China

Region

East Asia and the Pacific

Projected Board Date

Mar 20, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Asia & Pac

Industry

Health, Education and Life Sciences

Previous Events

Approved : Apr 28, 2020
Signed : Apr 29, 2020
Invested : Jul 24, 2020

Sector

Colleges, Universities, and Professional Schools

Project Description

The proposed IFC investment is an A loan of up to RMB 750 million (approximately US$100 million equivalent) to Chongqing Minsheng Education Management Co., Ltd. (the Borrower), a wholly owned subsidiary of Minsheng Education Group Company Limited (Minsheng or the Company). This is to support Minsheng’s expansion, consolidation, operation and upgrade plan to replicate its successful tertiary education model in frontier regions of China. The Company plans to acquire and upgrade tertiary and vocational education institutions (the Project). 

Associated Advisory Engagement

 IFC intends to provide advisory services on global best practices, industry linkages, and sector knowledge through the IFC Employability Assessment tool and related advisory engagement.        

                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation