The name Wu Junbao seems to be less noticeable in the capital circle, but when it comes to China Oriental Education (00667.HK) and China Xinhua Education (02779.HK), you can roughly outline Wu Junbao's educational map. On the day of
, China Oriental Education Chairman Wu Wei (first from left) and China Oriental Education non-executive director Wu Junbao (second from left) celebrated the success of listing. Image source: Visual China
Last Wednesday, China Oriental Education (00667.HK) was officially listed on the Hong Kong Stock Exchange, with an IPO price of HK$11.25, and 435 million shares were issued worldwide, raising a total of HK$4.89 billion. After listing, the stock price immediately fell. Even so, the education industry still has unlimited potential in the Hong Kong stock market.
As of today's closing, Wu Junbao's personal net worth has exceeded US$1 billion. With his holdings in China Xinhua Education , Wu Junbao's net worth is close to US$1.4 billion, officially entering the ranks of billionaires.
Wu Junbao holds 34.13% of the shares in Oriental Education Group , making him the largest shareholder of the company. Interestingly, the other two major shareholders Wu Wei and Xiao Guoqing are both Wu Junbao's cousins, and the combined equity of the three is close to 80%.
In March 2018, Wu Junbao successfully pushed China Xinhua Education to the Stock Exchange. After 15 months, Wu Junbao once again pushed the assets of China Oriental Education (including New Oriental Cooking School , Wantong Auto Repair, Xinhua Computer, etc.) to the Stock Exchange, thus completing the layout of two Hong Kong-listed education companies.
China Oriental Education was founded in 1988. Wu Junbao and Wu Wei, who were founders, used their personal funds to provide professional vocational training in China. In the 1990s, Oriental Education focused on providing professional cooking and hotel management training. Later, its business gradually expanded and began to involve knowledge training in computers that were relatively emerging at that time. It seized the market opportunities at that time and gradually formed its current scale.
As of the end of 2018, the number of schools under the operation of China Oriental Education reached 145, including 50 New Oriental Cooking Education School, 24 Xinhua Computer Education School, 26 Wantong Automobile Education School, 23 Omic Western Point Western Food Education School, and 22 Huaxin Zhiyuan DT Talent Training Base School. Taking 2018 as an example, the total revenue ratio of , New Oriental , which provides cooking skills, accounts for as much as 64.7%, which is the largest source of company revenue.
China Oriental Education operating school brands include: New Oriental Cooking Education School, Xinhua Computer Education School, Wantong Automobile Education School, etc. Image source: Visual China
Under Wu Junbao Education Group, in addition to New Oriental Cooking School, Xinhua Education and Wantong Auto Repair also have great market influence. Many people have not linked these three training institutions together before this. In fact, these three education brands are brothers of a mother. It has to be said that Oriental Education has excellent marketing methods.
Wu Junbao, founder of China Oriental Education , has more than 30 years of experience in the education industry. He graduated from Anhui Business Administration College, Hefei, Anhui Province, China and obtained a master's degree in business administration in December 2003. With two consecutive companies listed on the Hong Kong Stock Exchange, I'm afraid this low-key rich man from Anhui will no longer be invisible.
Although the current economic environment is not optimistic and the education industry is greatly affected by policies, the listing enthusiasm of domestic education companies continues to surge. Last Friday, online education institution GSX.N successfully IPOed in the United States. Founder and Chairman Chen Xiangdong entered the ranks of billionaires with a wealth of $1 billion.
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