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花旗宇华(6169.HK)购山东英才学院助升市场地位富瑞吁“买入”
格隆汇 07-23 14:02

宇华教育(6169.HK)公布斥资14.9亿元人民币收购济南双胜教育咨询90%股权。济南双胜教育咨询持有山东英才学院全部举办者权益。花旗发表报告表示,收购目标的招生规模比较大,交易将有利于提升宇华在山东省的地位。

报告又指,宇华教育的收购目标资产质量佳、估值合理,收购价对应的估值低于近期同行的收购交易。此次交易后,宇华教育手头现金仍有15亿元人民币,可能还会有更多并购。

富瑞报告指,宇华教育收购山东英才学院的交易正面,山东英才学院的排名及品牌强劲,可望增加学费及入学注册人数,而有关收购项目对公司而言亦属重大,令市场更清晰公司的收购策略。该行予宇华教育“买入”评级,目标价5.4港元。

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