Country Garden Education mulls IPO in the US

Chinese property tycoon Yeung Kwok-keung is planning an initial public offering of his private school business that could raise at least $200 million, sources with knowledge of the matter said, as demand for education services soars in the world's second-biggest economy.

Country Garden Education Group, based in South China's Guangdong province, is considering selling shares in the United States, the sources added.

The offering could take place as soon as this year, they said. The Foshan-based school operator is owned by Yeung's family and management of Country Garden Holdings Co, the real estate developer they control, according to one source.