China YuHua Education Corporation Limited (IFC-40811)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Henan and Hunan provinces, China
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 30, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
CHINA YUHUA EDUCATION CORPORATION LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 27, 2019

Disclosed by Bank Jun 5, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

China YuHua Education Corporation Limited (“YuHua” or the “Company”) is an integrated private education company offering educational services in Henan province, a frontier region of China.

 The Company currently owns 27 schools in China and is one of the major private school operators in Central China that integrates pre-school education, basic education, and higher education.  The Company is expanding its tertiary education segment with a total expected cost of up to US$400 million, which comprises acquisitions of three universities in China over the next three years, as well as capital expenditures to upgrade and expand these newly acquired schools (the Project). 

Investment Description
  • International Finance Corporation (IFC)

Total Project Cost is estimated to be US$400 million. IFC has been invited to provide an A Loan of up to US$50 million, a B Loan of up to US$75 million, and C Loan of up to US$25 million to support the Project.

Private Actors

China YuHua Education Corporation Limited (YuHua or the Company) is China’s largest integrated private education company, with over 82,000students enrolled in its tertiary and K-12 education institutions operating in China’s frontier regions of Henan and Hunan provinces. Mr. Guangyu Li and his daughter, Ms. Hua Li, are leading educators in China and the Sponsors of the Project. Mr. Li is Chairman of YuHua, and Ms. Li is CEO and Executive Director

Contact Information

1/Project Contact

China YuHua Education Corporation Limited 
Bin Xu 
Chief Financial Officer 
+86 0371 60673938 
xubin@yuhuachina.com 
No 21, Beida Huayuan, 4th Floo Block 10, 3 Mazhuang Street Zhengzhou China 
http://www.yuhuachina.com/ 

2/ IFC Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

3/Project Documentation

 China YuHua Education Corporation Limited  

No 21, Beida Huayuan, 4th Floor Block 10, 3 Mazhuang Street Zhengzhou China

 

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/