MindChamps inks master franchise with Evergrande to open in Vietnam

MindChamps inks master franchise with Evergrande to open in Vietnam

By: 
Michelle Zhu
19/12/17, 08:23 am

SINGAPORE (Dec 19): MindChamps PreSchool has signed a master franchise agreement with Vietnam’s Evergrande Group to open 20 of its preschool and reading centres in the country.

The signing was announced today and took place between MindChamps CEO & executive chairman, David Chiem, and Evergrande’s CEO & executive chairman, Pham Tuan Son.

This comes a month after MindChamps announced its intention to launch 10 preschool centres and five reading centres in Myanmar under the MindChamps brand.

See: MindChamps franchisee to launch 10 preschools, 5 reading centres in Myanmar

“Being able to bring the MindChamps model of education to Vietnam is extremely rewarding. There is nothing more meaningful than to able to contribute to the young minds who will be the future leaders of Vietnam,” says Chiem.

Shares in MindChamps closed 1 cent higher at 77 cents on Monday. 

CapitaLand said to be acquiring Star Harbour International Center project in Shanghai for $2.5 bil

SINGAPORE (Oct 17): CapitaLand is said to be investing about RMB 12.79 billion ($2.54 billion) to acquire the Star Harbour International Center project in Hongkou, Shanghai, according to real estate online portal Mingtiandi. The group is said to be acquiring its most expensive real estate project yet in China from Shanghai Port Group, after the state-run developer announced on last Friday that it is planning to sell the property. CapitaLand has yet to make a statement regarding the acquisition. When The Edge Singapore reached out to CapitaLand for comments, the group said the tender h....
Read More >>

Few have made it where Tung Lok now treads: SAC

SINGAPORE (Oct 17): Since its founding in 1984, Tung Lok Restaurants (2000) has made a name for itself in the local F&B scene. From serving gourmet Chinese cuisine in its flagship Tung Lok Restaurant, it is now engaging the tastebuds of a younger generation and licensing its brands overseas. As at end March, Tung Lok operates as 43 F&B outlets with 24 directly owned, eight held by associates and 11 others under management. These are located in Indonesia, Japan, China, Vietnam and, of course, Singapore. The group’s operations can be segmented into three categories: restaurateur,....
Read More >>

Analysts put SPH on 'hold', but is the end of its earnings decline in sight?

SINGAPORE (Oct 17): Analysts across three brokerages – UOB Kay Hian, OCBC Investment Research, and CGS-CIMB Research – have “hold” recommendations on Singapore Press Holdings (SPH), as the group performed below expectations for FY18. SPH saw its full-year earnings fall 19.7% to $281.1 million for the FY18 ended August, from $350.1 million a year ago. However, this was mainly attributable to the absence of a one-off gain of $149.7 million a year ago from the divestment of a joint venture. FY18 operating revenue fell by 4.8% to $982.6 million, from $1.03 billion a year ago. See:....
Read More >>
Stars align for US banks to shine

(Oct 15): A decade after the global financial crisis, the landscape of the US financial services ind