Student Living EduVation (Holdings) Corporation has submitted a registration statement to list 6,250,000 ordinary shares on the Nasdaq Stock Market, proposing a per-share price band of $4.00 to $6.00, according to its filing.
The company is organized as an exempted company with limited liability under the laws of the Cayman Islands. Its business operations are carried out principally through a single wholly-owned subsidiary, Student Living (Hong Kong) Culture Technology Limited, which is based in Hong Kong.
The shares are being marketed on a firm commitment basis for issuance on Nasdaq. The filing states that once the offering is completed the company will meet the Nasdaq definition of a "controlled company." That status reflects concentrated voting power and ownership conditions set out in Nasdaq rules.
The filing identifies TechLiving BVI as the majority shareholder. TechLiving BVI's sole beneficial shareholder is Mr. Chun Kwok Ng, who serves as the company’s Chief Executive Officer and Chairman of the Board of Directors. Following the close of the offering, Mr. Ng, through TechLiving BVI, will hold 14,120,000 ordinary shares.
Offering details
- Shares being offered: 6,250,000 ordinary shares.
- Proposed price range: $4.00 to $6.00 per share.
- Market: Nasdaq Stock Market, on a firm commitment basis.
Corporate structure and control
- Jurisdiction of incorporation: Cayman Islands (exempted company with limited liability).
- Primary operating vehicle: Student Living (Hong Kong) Culture Technology Limited, a wholly-owned Hong Kong subsidiary.
- Control: TechLiving BVI will remain the majority shareholder, with its sole beneficial shareholder being Mr. Chun Kwok Ng, the company’s CEO and board chair.
- Post-offering stake noted in the filing: TechLiving BVI will hold 14,120,000 ordinary shares following the offering.
What the filing makes clear
The registration statement outlines the proposed share count and price range, the corporate and operational structure through a Hong Kong subsidiary, the method of offering, and the continued majority ownership by TechLiving BVI with Mr. Chun Kwok Ng as its sole beneficial owner. The document also specifies that the company will be treated as a controlled company under Nasdaq rules after the offering.
Beyond these disclosures, the filing provides the formal parameters of the proposed public offering but does not expand on further operational or financial details in this notice.