In FY2022 ended Dec 31, 2022, MindChamps PreSchool reported earnings of $2.95 million, up from $2.6 million in FY2021. Revenue stood at $61.5 million, down from $62.7 million, due to unfavourable forex and the absence of one-off government subsidies. As at Dec 31, 2022, the company has a total of 86 centres globally.
Catherine Du, a non-independent, non-executive director of MindChamps PreSchool, saw her indirect stake rise to 126.6 million shares or 52.16% from 52.13% previously. This increase came after the acquisition of 70,000 shares for $10,500 or 15 cents each on April 6.
Du co-founded the company with executive chairman David Chiem. Du largely holds her shares via her 35.77% interest in a vehicle, Champion Minds, which in turn wholly owns MindChamps Holdings, the controlling shareholder of the listed entity MindChamps PreSchool. In addition to Champion Minds, Du holds another 1.71 million shares via her nominee account with Citibank.
