Singapore MindChamps

EVENT: CFCG Singapore and MindChamps PreSchool Limited (CNE.SI) entered into a cornerstone subscription agreement to subscribe for 4.99% of the enlarged number of shares of MindChamps PreSchool Limited in issue as at the date of listing of MindChamps PreSchool Limited’s shares. Later on, the Company entered into a joint venture agreement with MindChamps Preschool to establish a fund with a size of USD200m and a joint venture, which will focus on setting up or acquiring preschools in China to be operated under the “MindChamps” brand.

PROJECT SUMMARY: With global business coverage, MindChamps PreSchool is the largest operator and franchisor of high-end preschool centers in Singapore.

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