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Student Living EduVation (Holdings) Corporation is a Cayman Islands holding company operating student accommodation services, property management, and referral of education advisory services in Hong Kong through its wholly-owned subsidiary Student Living (Hong Kong) Culture Technology Limited, incorporated on April 25, 2016. The company manages five dormitories totaling over 26,500 sq ft near major universities, offering furnished rooms with 24/7 support, community events, and integrated services including referrals to Meta Academia Ltd for education consulting. For the six months ended September 30, 2025, revenues were $1.4 million (up 76% YoY), with net income of $208k; FYE March 31, 2025 revenues reached $2.5 million (214% YoY growth), net income $752k. The company is conducting an IPO of 3,750,000 Ordinary Shares at $4.00-$6.00/share, expecting $12.8-$20.8 million net proceeds for Hong Kong expansion (55%), Southeast Asia entry (20%), tech development (5%), and working capital (20%). Concurrently, six pre-IPO investors are registering 5,880,000 shares for resale. Listing on Nasdaq under 'SDLV' is planned, with TechLiving Hub Solutions Corporation (controlled by CEO Chun Kwok Ng) retaining 59.45% post-IPO. The investment thesis centers on Hong Kong's student housing shortage (student-to-bed ratio 2.55:1), rising non-local enrollment (target 40%), and limited on-campus supply, positioning the company for scalable growth amid 24% CAGR market to $731M by 2030. However, risks include PRC regulatory oversight on Hong Kong operations, data security, and HFCAA audit issues.
Offering Amount
$17.3M
Shares Offered
1,000,000,000
Price Range
$4.00 – $4.00
Issuer Type
Shares Offered
3,750,000
Offering Amount
$15,000,000-$22,500,000
Price Range
$4.00-$6.00
Share Type
Ordinary Shares
Exchange
Nasdaq Capital Market
Ticker
SDLV
Use of Proceeds: 55% Hong Kong business development, 20% Southeast Asian market presence, 5% student residence management system, 20% working capital
Student living and referral of education advisory services provider operating under the 'Student Living' brand in Hong Kong through wholly-owned subsidiary Student Living HK.