SOURCE: Singapore Press Holdings (SPH)
SINGAPORE – Singapore Press Holdings (SPH) has bought a stake in preschool and enrichment provider MindChamps Holdings.
This marks the media company’s first investment into the education business.
SPH told the Singapore Exchange in a statement on Aug 20 that its unit has paid around $12 million in cash for 110,000 shares in MindChamps Preschool (Worldwide).
That works out to a 22 per cent stake in the firm, which operates and franchises early childhood education and enrichment programmes, SPH said.