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MindChamps partners developer to expand in Australia
MindChamps PreSchool has partnered property developer Malek Family to expand in Australia.
Under this tie-up, Malek Family has purchased the rights to develop 10 new purpose-built MindChamps childcare centres in New South Wales and Victoria, the pre-school operator announced in a bourse filing yesterday.
Mr David Chiem, MindChamps' founder chief executive and executive chairman, said the company' s " partnership with local property developers who are experts in the childcare sector is a win-win for both parties" .
" While we focus on ground-breaking, high-quality education and research, they know the best locations and can obtain all the necessary licenses required to build these centres," he added.
MindChamps now has over 80 centres globally, including 23 in Australia. Its other overseas locations include Vietnam, the Philippines and Malaysia.
The company' s Australia operations brought in half of the total revenue for fiscal 2019, up from 32 per cent a year ago.
The company said the growth in its Australian operations can be seen from the percentage increase in MindChamps' Australian revenue, from 32 per cent of total revenue in financial year (FY) 2018 to 50 per cent in FY2019.
MindChamps to set up JV fund which will acquire preschools in the GCC
MON, APR 06, 2020 - 9:46 AMMINDCHAMPS PreSchool has entered into a joint venture (JV) with global investment firm Foundation Corporation to establish a fund which will acquire preschools in the Gulf Cooperation Council (GCC) countries and operate them under the MindChamps brand.
Called the GCC PreSchool Fund, the fund will seek to raise an initial tranche of around US$50 million to US$100 million from the offering and sale of limited partnership interests to the fund' s limited partners.
It is also intended to have an initial term of six years, the preschool operator said in a regulatory filing on Monday.
These limited partners are understood to comprise mainly third-party investors, but also MindChamps and Foundation, both of which may invest directly or indirectly.
In addition, a licensed fund manager will also be appointed for the GCC PreSchool Fund in relation to such fundraising.
The fund will also be established as an exempted limited partnership in the Cayman Islands. It will be managed by a general partner to be jointly incorporated by MindChamps and Foundation.
It will have an initial share capital of US$1 million, with MindChamps owning 50 per cent and Foundation owning the remaining half.
The general partner will receive recurring management fees from the fund as well as " carried interest" depending on the fund' s performance. MindChamps will receive profits from the general partner' s operations based on its 50 per cent shareholding.
MindChamps and Foundation will also incorporate a new company which will be appointed as a master franchisee of MindChamps in the GCC.
This company will facilitate the operation, training and upgrading of newly established or acquired preschools under the MindChamps brand in the GCC. It will also acquire an initial 30 unit franchises from MindChamps for resale and application to preschools owned by the GCC PreSchool Fund.
The new company will be incorporated in a mutually agreed GCC jurisdiction and have an initial share capital of US$4 million, with MindChamps and Foundation each owning half of the issued share capital.
MindChamps will receive licence fees, royalties and profit from the operations of the master franchisee company based on its 50 per cent shareholding. It will also receive royalties from franchised preschools and returns from investment in the GCC PreSchool Fund.
Mainboard-listed MindChamps shares closed flat at S$0.24 last Friday.
https://www.businesstimes.com.sg/companies-markets/oxley-sells-73-of-singapore-projects-to-recognise-s24b-in-revenue
1st post in 2 years can' t be a good counter. 
investshare ( Date: 06-Apr-2020 16:07) Posted:
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Gov subsidy teacher pay.
No need to provide food for children during circuit breaker.
Rental rebate.
Parents still pay full fee.
Means higher margin?
No need to provide food for children during circuit breaker.
Rental rebate.
Parents still pay full fee.
Means higher margin?
Mindchamps is invested by temasek. Is Capitaland also temasek?
Capitaland is its competitor now!
Singapore, 9 May 2018 ? CapitaLand is leveraging its real estate expertise and engaging the local community through participatory design to codevelop its first kindergarten, CapitaLand Le Xa Hope Kindergarten in Vietnam. CapitaLand Le Xa Hope Kindergarten is the 28th school in the network of CapitaLand Hope Schools in China and Vietnam, and the third in Vietnam.
Singapore, 9 May 2018 ? CapitaLand is leveraging its real estate expertise and engaging the local community through participatory design to codevelop its first kindergarten, CapitaLand Le Xa Hope Kindergarten in Vietnam. CapitaLand Le Xa Hope Kindergarten is the 28th school in the network of CapitaLand Hope Schools in China and Vietnam, and the third in Vietnam.
BREAKOUT TODAY
Good to buy?
Luckily got chance to sell off (0.765) holdings at 0.805 a few days ago. Very illiquid stock. Price swings too wildly. Happy not to make a loss. Won' t touch again unless intending to HOLD.
MindChamps: Asset Acquisitions and Disposals :: ESTABLISHMENT OF CHINA PRESCHOOL FUND WITH CHINA FIRST CAPITAL GROUP LIMITED
http://www.shareinvestor.com/news/news.html?source=regional_sgxnet&nid=723398
enrol into full day prgramme 7am - 7pm, the cost is around $1800+
investshare ( Date: 18-Dec-2017 08:00) Posted:
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no idea tbh, guess has to depend on which enrichment classes you enrol for..
Tommy12356 ( Date: 16-Dec-2017 14:44) Posted:
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1500 to 1800. Got other enrichment classes too.
Tommy12356 ( Date: 16-Dec-2017 14:44) Posted:
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What is the monthly charge to put a child in mindchamp ?
chillipadi ( Date: 14-Dec-2017 15:04) Posted:
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True , like gss today, found oil and gas but down 0.1 from day high . Shorters profit today .
andysim83 ( Date: 14-Dec-2017 16:10) Posted:
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lol no need ipo la...most of the stock u can short when STI r in red..lol...most likely go down de
WL123456 ( Date: 14-Dec-2017 16:05) Posted:
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Nowadays for sgx IPOs just short and you make money . Mindchamps , No signboard , Trendlines etc all underwater . I wish there is more IPOs lol.
ahh okok! glad u sold off them :)
Ramster ( Date: 14-Dec-2017 15:32) Posted:
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Your comment on my sell off 20lots
huh? what thing ok? haha
paiseh ar.. im blur
paiseh ar.. im blur
Ramster ( Date: 14-Dec-2017 15:25) Posted:
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