CMBC Capital (1141) lends HK$340m to CNHE (2001) and HK$100m to its controlling shareholder

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.

Organisations

Aspire Education Management Co., Ltd.
China New Higher Education Group Limited 中國新高教集團有限公司
CMBC CAPITAL FINANCE LIMITED 民銀資本財務有限公司
CMBC Capital Holdings Limited 民銀資本控股有限公司

People

Li, Xiaoxuan (1974) 李孝軒

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