China EDU Group

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 China Education Group Company Limited (CEG or the Company) is the owner and operator of three leading higher education and vocational training institutions: Jiangxi University of Technology (JUT), Guangdong Baiyun University (GBU), and Guangzhou Baiyun Technician College of Business and Technology (BTC). CEG has a total student enrollment of 75,255. CEG plans to expand its employment-focused education model in China, including the construction of new campuses as well as the acquisition of existing higher education institutions in China (the Project).Update related to additional investment under the COVID-19 response facility:IFC has committed a US$90 million A loan to CEG on September 13, 2021. The investment is to fund several medium to long-term initiatives as a result of COVID-19, including to set up its nursing curriculum, invest in automated hygiene and pandemic monitoring systems, further upgrade its teaching facilities for digital learning, as well as to invest in training programs for its staff. CEG’s network has grown to include 12 higher education and vocational training institutions in China and its footprint has also expanded into Australia and United Kingdom.