MindChamps acquires Punggol Northshore centre for $3.8 mil

Michelle Zhu
Michelle Zhu3/22/2019 02:54 PM GMT+08  • 1 min read
MindChamps acquires Punggol Northshore centre for $3.8 mil
SINGAPORE (Mar 22): MindChamps PreSchool’s Singapore subsidiary is fully acquiring MindChamps PreSchool @ Punggol Northshore from the centre’s owner, known as Chen Han, for a total consideration of $3.79 million.
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SINGAPORE (Mar 22): MindChamps PreSchool’s Singapore subsidiary is fully acquiring MindChamps PreSchool @ Punggol Northshore from the centre’s owner, known as Chen Han, for a total consideration of $3.79 million.

In a filing on Friday, MindChamps PreSchool says the latest acquisition comes in line with its plans to expand its business.

The transaction will be funded with a combination of cash from its initial public offering (IPO) proceeds as well as an acquisition loan.

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