CSC Strategically Invests In Zhongtai Bridge Steel Structure: Developing High-End Education
Jiangsu Zhongtai Bridge Steel Structure (002659.SZ, “ZTSS”) announced on May 12 that they will offer additional equity issuance to Eight Great Temples Holdings Limited, and Huaxuan (Shanghai) Equity Investment Fund etc., totaling 1.75 billion RMB. ZTSS will simultaneously boost its main business profitability as well as start to build a private international school, promoting high-end education.
As domestic economy takes off and income level rises, household education spending has increased rapidly. Domestic high-end education industry has grown dramatically as well, with international schools multiplying at an annual compound growth of 23%, showing future promise.
CSC Group is a private equity and asset management firm focused on strategic emerging sectors, with main businesses in venture capital, buyout and asset management. In recent years, CSC has completed numerous buyout transactions including Taiji Computer Corp. (002368.SZ).