SINGAPORE (Feb 19): MindChamps PreSchool last Thursday entered into a joint venture (JV) agreement with China First Capital Group (CFCG) to establish a fund that will be used to establish and acquire preschools in China and operate them under the “MindChamps” brand.

CFCG is a Hong Kong-listed company that focuses on the operation of a complete education industry chain and offering diversified financial services.

Under the 50:50 JV, the two parties target to raise an initial tranche of US$200 million ($262.2 million).

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook