根据供股的接纳结果及未认购安排的配售结果，将予配发及发行的供股股份(包括未认购供股股份)为 444,792,885股供股股份，相当于供股项下提呈发售以供认购的供股股份总数的64.9%。 供股(包括未认购安排)筹集的所得款项总额约为8900万港元，而供股所得款项净额(经扣除所有相关开支 后)约为8740万港元。公司拟将所得款项净额用于履行其就尚未清偿可转换债券所承担的付款责任。 智通财经APP讯，希教国际控股(01765)公布，于2025年9月15日(星期一)下午四时正(即配售代理配售配 售股份的最后时限)，概无未认购供股股份获成功配售予任何承配人。因此，根据未认购安排，概无净 收益可供分派予不行动股东。 ...

XJ International Holdings Co., Ltd. 希教國際控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1765） 按於記錄日期每持有十二(12)股現有股份 獲發一(1)股供股股份的基準 進行供股的結果 茲提述希教國際控股有限公司（「本公司」）日期為2025年8月21日供股章程（「供股章 程」）及本公司日期為2025年9月5日的公告（「該公告」），內容有關（其中包括）供股。 除另有界定者外，本公告所用詞彙與供股章程及該公告所界定者具有相同涵義。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 供股結果及未認購安排 誠如該公告所披露，於2025年9月4日（星期四）下午四時正（即最後接納期限），本公 司已接獲合共15份有效接納，涉及合共444,792,885股供股股份，相當於所有供股股 份約64.9%。因此，供股出現240,621,673股供股股份（「配售股份」）的認購不足，相 當於所有供股股份約35.1%，該等股份將受 ...

Group 1: Industry Investment Rating - The report maintains a positive outlook on the overseas education sector, indicating a favorable investment rating due to the maturation of profit-oriented classification management and market reforms driving the expansion of higher education institutions [1][2]. Group 2: Core Insights - The conditions for profit-oriented classification management in private education are gradually maturing, with quality improvement in private schools being a crucial prerequisite for this transition. The report anticipates an acceleration in the implementation of profit-oriented policies for private schools, which will enhance the supply of higher education while ensuring quality [1][9]. - The establishment of profit distribution rights for private schools has led to increased certainty in asset returns. The average profit margin for the six listed private higher education companies is approximately 30.9%, with an average ROE of 12%. This indicates a robust commercial model that seeks to expand scale and revenue [2][10]. - The report highlights a significant mismatch between supply and demand in the higher education sector, with the number of college admissions only increasing from 10.36 million in 2021 to 10.69 million in 2024, while the number of high school graduates entering the college entrance examination has risen from 10.78 million in 2021 to 13.42 million in 2024. This has resulted in a declining college admission rate from 96.1% in 2021 to 79.6% in 2024 [2][10]. - The report suggests that the current quality standards achieved by listed private higher education companies will lay a solid foundation for the reintroduction of profit-oriented choices, which is expected to enhance the valuation of the higher education sector [2][11]. Group 3: Company Focus - The report recommends focusing on several key companies in the overseas education sector, including Yuhua Education, Zhongjiao Holdings, China Kepei, Neusoft Ruixin, Zhonghui Group, New Higher Education, Xijiao International Holdings, and Huaxia Holdings, as they are well-positioned to benefit from the anticipated policy changes [3][11][14].

Group 1 - The core point of the article is that Xijiang International Holdings (01765) has seen a significant stock price increase of over 14%, reaching a new high of 0.26 HKD since May of the previous year [1] - As of the report, the stock is up 14.35%, trading at 0.255 HKD with a transaction volume of 13.8038 million HKD [1] - The company announced the completion of prerequisites for the restructuring of zero-coupon convertible bonds maturing in 2026, including the payment of consent fees, with the restructuring effective date being September 11 [1] Group 2 - The company anticipates redeeming the outstanding bonds around September 25 [1] - Zheshang Securities noted an improvement in market expectations regarding the profitability registration process, which may alleviate concerns about dividends and overseas debt repayment capabilities [1] - Cinda Securities highlighted that the private higher education sector, with a typical PE ratio of 3-6x, is expected to experience significant valuation recovery, referencing the market trends from October to November 2022 [1]

Group 1 - The core viewpoint of the article highlights the significant increase in the stock price of Xijiao International Holdings (01765), which rose over 14% to reach a new high of 0.26 HKD since May of the previous year [1] - As of the report, the stock was trading at 0.255 HKD with a transaction volume of 13.8038 million HKD [1] - The company announced the completion of prerequisites for the restructuring of zero-coupon convertible bonds maturing in 2026, including the payment of consent fees, with the restructuring effective date set for September 11 [1] Group 2 - The company anticipates redeeming the outstanding bonds around September 25 [1] - Zheshang Securities noted an improvement in market expectations regarding the profitability registration process, which may alleviate concerns about dividends and overseas debt repayment capabilities [1] - Cinda Securities indicated that the private higher education sector, with a typical PE ratio of 3-6x, is likely to experience significant valuation recovery, similar to the market trend observed in late 2022 [1]

Group 1 - Education stocks collectively rose, with notable increases in companies such as Zhongjiao Holdings (00839) up 3.43% to HKD 3.62, Jianqiao Education (01525) up 1.91% to HKD 3.2, and China Oriental Education (00667) up 1.89% to HKD 7.53 [1] - Yuhua Education's Hunan International Economics University has received approval for its selection process, which may serve as a reference for other provinces [1] - Cinda Securities indicated that the previous peak of the selection process occurred in October 2022, with successful transitions of private colleges to for-profit status, suggesting a potential revival in the private higher education sector [1] Group 2 - The approval of Hunan International Economics University's selection process is seen as a significant step after a three-year stagnation, potentially leading to a valuation recovery in the private higher education sector [1] - The private higher education sector, currently trading at a PE ratio of 3-6x, is expected to experience significant valuation recovery, presenting investment opportunities, particularly in companies like Zhongjiao Holdings [1]

希教国际控股(01765.HK):Tequ Mayflower预期9月25日前赎回尚未清偿的债券 希教国际控股(01765.HK) 供股获认购约64.9% 相关事件 格隆汇9月11日丨希教国际控股(01765.HK)旗下Tequ Mayflower Limited宣布，其2026年到期的零息有担 保可转换债券(ISIN:XS2307183694)的重组先决条件已全部达成，重组生效日期为2025年9月11日。 发行人计划于2025年9月25日或前后(即提早赎回日期)赎回所有尚未清偿的债券。公司已委托D.F. King lLtd.担任本次同意征求的资料及制表代理，债券持有人如有疑问可通过指定渠道与其联系。 ...

Group 1 - The core point of the article is that Tequ Mayflower Limited, a subsidiary of希教国际控股 (01765.HK), has completed all preconditions for the restructuring of its zero-coupon secured convertible bonds due in 2026 [1] - The effective date of the restructuring is set for September 11, 2025 [1] - The issuer plans to redeem all outstanding bonds on or around September 25, 2025, which is the early redemption date [1] Group 2 - The company has appointed D.F. King Ltd. as the information and tabulation agent for the consent solicitation [1] - Bondholders with inquiries can contact the designated channels provided by the company [1]

僅供在美國境外分派予「美籍人士」（定義見1933年美國證券法（經修訂）（「證券法」）S規例）以外的人 士。不得在或向發佈、刊發或分派本公告即屬違法的任何其他司法權區或向位於或居於該等司法 權區的任何人士發佈、刊發或分派。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等 內容而引致的任何損失承擔任何責任。本公告僅供說明用途，並不構成在美國或根據任何有關司 法權區的證券法律登記或符合資格前作出有關要約、招攬或銷售將屬違法的任何其他司法權區要 約出售或招攬要約購買任何證券。在並無根據證券法項下適用登記規定登記或取得其豁免下，本 公告所指的證券不得在美國或向或為任何美籍人士（定義見證券法）的利益提呈發售或出售。證券 將不會在美國進行公開發售。 有關 由 Tequ Mayflower Limited （於開曼群島註冊成立之獲豁免有限公司） （「發行人」） 茲提述日期均為2025年7月3日的有關可轉換債券的同意徵求備忘錄（「同意徵求備忘 錄」）、有關可轉換債券的以電子同意傳閱決議案及大會的通告（「通 ...

Group 1 - The total number of issued shares for the company is 8.225 billion shares, with a maximum of 685 million shares to be issued under the rights issue [1] - The board announced that as of the deadline on September 4, 2025, it received a total of 15 valid acceptances for 445 million shares, which represents approximately 64.9% of all rights shares [1] - There is a shortfall of 241 million rights shares, equivalent to about 35.1% of all rights shares, which will be subject to the unallocated arrangement [1] Group 2 - The irrevocable commitments indicate that Hope Education Investment Limited, TQ Group (Hong Kong) Limited, and Maysunshine Holdings Limited have subscribed for 310 million shares, 3.5202 million shares, and 746.75 thousand shares, respectively [1]