Continue reading this on our app for a better experience

Open in App
Floating Button

MindChamps acquires Punggol Northshore centre for $3.8 mil

Michelle Zhu
Michelle Zhu • 1 min read
MindChamps acquires Punggol Northshore centre for $3.8 mil
SINGAPORE (Mar 22): MindChamps PreSchool’s Singapore subsidiary is fully acquiring MindChamps PreSchool @ Punggol Northshore from the centre’s owner, known as Chen Han, for a total consideration of $3.79 million.
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Mar 22): MindChamps PreSchool’s Singapore subsidiary is fully acquiring MindChamps PreSchool @ Punggol Northshore from the centre’s owner, known as Chen Han, for a total consideration of $3.79 million.

In a filing on Friday, MindChamps PreSchool says the latest acquisition comes in line with its plans to expand its business.

The transaction will be funded with a combination of cash from its initial public offering (IPO) proceeds as well as an acquisition loan.

The group also expects the deal to have a positive impact on its earnings per share (EPS) for the current financial year ending Dec 2019.

MindChamps PreSchool @ Punggol Northshore is located at Level 1 of Marina Country Club.

According to a Jan 2016 blog post by MindChamps, the outlet spans 15,000 sq ft and is the group’s largest preschool centre at the time of publishing with an eco-garden and outdoor playground, among other facilities.

See also: Singtel to sell mobile wallet Dash to Western Union Testing QA

As at 2.46pm, shares in MindChamps are trading flat at 61 cents.

Highlights

Re test Testing QA Spotlight
1000th issue

Re test Testing QA Spotlight

Get the latest news updates in your mailbox
Never miss out on important financial news and get daily updates today
×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2024 The Edge Publishing Pte Ltd. All rights reserved.