China YuHua Education Corporation Limited (IFC-40811)

Countries
  • China
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 30, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
CHINA YUHUA EDUCATION CORPORATION LIMITED
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 10, 2020

Disclosed by Bank Jun 5, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.

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 Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

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

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - China YuHua Education Corporation Limited Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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/

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