Elevator Pitch
I assign a Neutral rating to China Maple Leaf Educational Systems Limited (OTC:CMLLF) [1317:HK], a Hong Kong-listed Chinese education company.
China Maple Leaf is proposing to acquire Canadian International School, Singapore's leading premium international school, which will reduce geographical concentration risks (exposure to the Chinese education industry and its associated regulatory risks), and help in the company's Southeast Asia expansion plans. China Maple Leaf is already the largest private international school operator in China, and the company has ambitions of becoming a global leader in the K-12 education sector.
On the