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LZYE Group
- BY: Andrew Hore |
- POSTED: 17/08/2012 |
- COMMENTS: Add yours
Hong Kong-based LZYE Group has joined Aim and the share price ended the first day at a 25% premium.
As part of the flotation LZYE raised £1.5m at 8p a share, which valued the children’s educational and activity packages provider at £19m. The share price increased to 10p.
Chinese parents are keen to buy LZYE’s services for their children and the company generates monthly income of HK$1.6m. Subjects offered include languages, maths, science, theatre, music and dance.
Mainland China will be the focus of growth and it will grow via a partnership with Misulo, which will convert 12 of its existing sites to the LZYE brand.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2012_35.pdf
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