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MindChamps PreSchool to acquire Woodlands franchise for $1.3 mil

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MindChamps PreSchool to acquire Woodlands franchise for $1.3 mil

Stanislaus Jude Chan Published on Mon, Feb 26, 2018 / 8:34 AM GMT+8

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SINGAPORE (Feb 26): MindChamps PreSchool has agreed to acquire 100% of the share capital of MindChamps PreSchool @ Woodlands for $1.3 million.

Wholly-owned subsidiary MindChamps PreSchool Franchise entered into the share purchase agreement to purchase 270,000 shares from Ting Keng Soon and 250,000 shares from Khiu Si Min Theresa.

The acquisition will be in cash from the company’s IPO proceeds.