睿见教育(06068.HK):Adding new school in Zhangzhou,买入评级，目标价8.30港元

机构：德意志银行

评级：买入

目标价：8.30港元

What's new? acquiring a school in Fujian province
On 21 Nov-2018, Wisdom announced the acquisition of a private school (Grade 1 to 12) in Zhangzhou city, Fujian province. In detail:
■ Wisdom acquired a PRC investment company, which holds Zhang Pu Longcheng School (including primary/middle and high school, Grade 1 to 12) and obtained the operation of these schools at a total consideration of RMB183 million (for the entire interests in the schools and the land occupied by the schools).
■ Student enrollment: c.2,900 students; Capacity: c.3,000 students. After consolidation, their total student enrollment increased by 6% to 54,420 students currently (from 51,520 as at 1 Sep 2018).