School plans to end trading in debentures

HK$3m quote brings move to stop second-hand market in pupil places

A leading international school has drawn up a plan for early recall of its corporate debentures in a bid to stamp out second-hand trading at inflated prices.

Sunday, 24 June, 2007, 12:00am

Reports misconstrue importance of debenture system to our school

Your articles ('Call to act on 'crazy' school place race,' June 17) and ('Parents pay HK$1m for place in primary class,' June 10) on the issuance of Corporate Nomination Rights (debentures) have misconstrued their significance to the Chinese International School (CIS).

24 Jun 2007 - 12:00am

Call to act on 'crazy' school place race

Shock at HK$3m price for a school debenture

Parents and a legislator are demanding urgent action to tackle the runaway inflation in school debentures, which agents are offering for sale for up to HK$3 million.

Since the school year began in September, prices have more than doubled, reaching record highs.

17 Jun 2007 - 12:00am

School debentures selling for more than rights to major clubs

School debentures are selling for more than memberships to some of the region's most prestigious golf and country clubs, traders say.

Hong Kong has a thriving second-hand market in memberships, with about eight agencies acting as brokers for the sale of rights to join luxury sports and social clubs.

17 Jun 2007 - 12:00am

School debentures trade must be more transparent

The debentures parents buy to jump the queue for places in Hong Kong's international schools are for sale to the highest bidder. It is a trade on which some light badly needs throwing. The schools that allow parents whose children have graduated to resell their debentures to new parents often do not control the transactions or, more importantly, disclose their value.

17 Jun 2007 - 12:00am

Parents pay HK$1m for place in primary class

Alarm at record prices for international school debentures

Parents are paying record prices in a bid to secure places in Hong Kong international schools, with one couple pledging HK$1 million to win their daughter a seat in a Primary One class.

10 Jun 2007 - 12:00am

An investment and a headache for HK parents

Amanda Price investigates debenture options for international schools

No two methods of capital investment in an international school in Hong Kong are alike.

10 Jun 2007 - 12:00am

HK$200,000 levy stirs anger

Parents of students at Yew Chung Hong Kong International School are angry at its decision to demand a HK$200,000 debenture or find another school.

Yew Chung's secondary section in April last year announced it would cut fees from this month by about HK$20,000 a year but would also introduce the compulsory debenture to be paid by March.

20 Jan 2007 - 12:00am

Principal stands by levy on parents

He says forced debenture is normal, and it may still be followed by a fee increase

The principal of the International Christian School has defended the controversial plan to force parents to pay for part of the construction of a new school and has revealed they could also face a rise in fees at the end of the year.

14 Oct 2005 - 12:00am

Money lessons

Estimated cost of building new campus$260m

Government grant$100.3m

Bank of East Asia loan$80m

Funds to be raised by

March with donations

or other activities$32m

Available cash$8m

Funds raised from


Debentures: first child

7 Oct 2005 - 12:00am

Shock at $300k HKIS debentures hike

Lutheran school plans to buy back existing contracts, raise price to $500k and downgrade entitlements

Hong Kong International School has stunned multinational corporations by unveiling sweeping changes in its debentures policy.

2 Jul 2005 - 12:00am

$150,000 will buy a place at Discovery Bay school

Parents are angry that Discovery Bay International School has announced plans to introduce premium $150,000 debentures that would see a buyers' child jump to the front of the waiting list.

7 Sep 2002 - 12:00am

Don't look at schools as business ventures

It is no small matter that parents must contend with the education system on behalf of their children. Hong Kong's system presents a number of obstacles to finding a school place, let alone a 'quality' education. Stories abound of parents queuing in long lines simply for admissions applications, and then standing in another queue to be placed on waiting lists for an interview.

3 Feb 2001 - 12:00am

Angang gets the go-ahead for issue

The China Securities Regulatory Commission (CSRC) will allow H share Angang New Steel to issue 1.5 billion yuan (about HK$1.4 billion) of convertible debentures.

Shareholders at the company's extraordinary general meeting had approved the proposed issuance of two billion yuan worth of debentures.

9 Mar 2000 - 12:00am

Egana in debenture issue

Egana International (Holdings) has issued US$15 million unsecured convertible debentures. The debentures are convertible into ordinary shares at a conversion price equal to the lesser of 28 cents each, and 90 per cent of the five lowest closing prices of the share during the 20 business days before conversion.

16 Dec 1999 - 12:00am