The JV company will issue 3,450 additional shares at US$1,000 each and allot 1,750 ordinary shares at US$1,000 ($1,328.91) each to the JV partner, US MF25; and 1,700 ordinary shares at US$1,000 each to MindChamps International Preschool.
MindChamps Preschool (SGX:CNE
) has entered into a joint venture (JV) with US MF25, and will use the group's wholly-owned subsidiary, MindChamps International Preschool Franchising, as the master franchisee for the US.
MindChamps International Preschool Franchising was incorporated on July 21, 2022 under the laws of Delaware, US.
