HK: IFC injects $25m in Minsheng IPO, may invest $4m more to support expansion

HK: IFC injects $25m in Minsheng IPO, may invest $4m more to support expansion

Photo: Reuters

The International Finance Corporation (IFC), the private lending arm of the World Bank Group, has invested $25 million in Minsheng Education Group Company Ltd as a cornerstone investor in the company’s initial public offering (IPO) on the main board of the Hong Kong Stock Exchange, according to a press statement.

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