Elite Education Group International Limited
This is the initial public offering of Elite Education Group International Limited. The size: 750,000 units. The public offering price per Unit is $8.00. Each Unit consists of (a) one common share, (b) one Series A warrant (the “Series A Warrants”) to purchase one common share at an exercise price equal to $5.00 per share, exercisable until the fifth anniversary of the issuance date, and (c) one Series B warrant (the “Series B Warrants,” and together with the Series A Warrants, the “Warrants”) to purchase one common share at an exercise price equal to $10.00 per share, exercisable until the fifth anniversary of the issuance date and subject to certain adjustment and cashless exercise provisions as described herein. The Units will be offered on a firm commitment basis. The common shares and the Warrants are immediately separable and will be issued separately, but will be purchased together in this offering.
Elite Education Group International Limited (EEI) is a holding company registered and incorporated in the British Virgin Islands (BVI) on December 13, 2017, by Jianbo Zhang. As a wholly owned subsidiary of EEI, Quest Holding International LLC (QHI) was incorporated in 2012 in Ohio to facilitate study abroad and post-study services for Chinese students in the United States. Miami International Education Center LLC (MIE) was set up on January 13, 2017, in Ohio, and is a wholly-owned subsidiary of QHI. We partner with Miami University of Ohio, one of the oldest public universities in the country, to offer our services to Chinese students interested in studying in the United States. Located in southwestern Ohio and established in 1809, Miami University has 7 colleges, 5 different campuses, and the campus population of approximately 25,000. Known as a “Public Ivy,” the University offers more than 120 undergraduate, 60 graduate in and 13 Ph.D. degrees. Currently, our partnership with the University has extended to the Oxford, Middletown, and Hamilton campuses.
We develop specific education goals and a plan for each student enrolled in a program and provide a safe and structured environment and support services so that students can focus most of their attention on academic studies.
Our mission is to provide our students with a reliable and comprehensive support system to fulfill their dreams of studying abroad. We strive to accomplish that by offering students and parents a one-stop destination for their US study needs, with potential expansion to other destinations as discussed below. We maintain an office in the United States and work with a business partner in the PRC. Our US Office is mainly responsible for providing study abroad and post-study services which include, among others, student dormitory management, academic guidance, international student services, student catering services, student transfer application services, internship and employment guidance. QHI’s business partner in China is Renda Financial Education Technology Co., Ltd. (Renda), located in Beijing. Its main business includes development and cooperation of the Chinese study market, language testing, student application, visa service, pre-departure training, pick-up arrangements, or any other accommodation arrangements as may be required.
|Address||1209 N. University Blvd, Middletown, OH 45042|
|Phone Number||1 513-649-8350|
|View Prospectus:||Elite Education Group International Limited|
|Revenues||$ mil (last 12 months)|
|Net Income||$ mil (last 12 months)|
|Price range||$8.00 - $8.00|
|Est. $ Volume||$6.0 mil|
|Manager / Joint Managers||ViewTrade Securities|
|Expected To Trade:||3/25/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|