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
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
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 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
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
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
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
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
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
Estimated cost of building new campus$260m
Bank of East Asia loan$80m
Funds to be raised by
March with donations
or other activities$32m
Funds raised from
Debentures: first child7 Oct 2005 - 12:00am