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Chip Eng Seng flags possible impairment of China education investments

The Edge Singapore
The Edge Singapore7/28/2021 12:32 AM GMT+08  • 2 min read
Chip Eng Seng flags possible impairment of China education investments
Chip Eng Seng’s carrying value of its 34.97% stake in Yuanda is $11.7 million
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Construction firm Chip Eng Seng Corporation, which in recent years has diversified into education, has warned it might have to make an impairment on its investments in China.

Over the past week, the Chinese government has introduced new regulatory measures targeting the tuition industry, which has been a lucrative one attracting overseas capital.

Among others, the tuition providers are to be made non-profit organisations.

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