Chip Eng Seng to acquire up to 75% stake in US education consulting firm

SINGAPORE (May 21): Chip Eng Seng (CES) is planning to acquire up to 75% in Pennsylvania-based American Scholar Group (ASG) for US$1.5 million ($2 million).  

ASG is a full-service education consulting organisation which facilitates study-in-America opportunities for both students and educators by placing them into ASG’s partner schools including K-12 schools, colleges and universities.

The acquisition comes after the construction and property group in March announced plans to diversify into the education sector to widen its income base.

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