Futu News reported on December 23, $FENBI (02469.HK)$The stock offering is ongoing. The company plans to issue 20 million shares from December 23 to December 30. Of these, 2 million shares will be publicly sold, 18 million shares will be sold internationally, with an issue price of HK$9.5-9.9 per share, and 500 shares per lot. It is expected to be listed on January 9.
Chalk is a non-academic vocational education and training service provider in China, committed to providing high-quality non-academic vocational education and training services through technology. The company mainly provides a full range of recruitment and qualification examination training courses for adult students seeking development in public positions and institutions as well as in a number of other professions and industries. The company has successfully turned “Chalk” into one of the most well-known brands in the Chinese vocational exam training industry.
Chalk has developed a comprehensive portfolio of vocational exam training products and services with strong synergies. The company has developed high-quality online training courses in the form of live or recorded broadcasts, which are complemented by online self-study materials and tools. The company launched a wide range of offline training in May 2020 to expand target markets and serve a wider group of students.
With the huge user base and good reputation accumulated by the online business, Chalk can identify users with offline education needs and convert them into offline enrollment, which enables the company to quickly and effectively expand its offline business. Chalk has also established a centralized operation system to ensure the synergies and operational efficiency of the combination of online and offline (“OMO”)...