SINGAPORE (Mar 5): MindChamps Preschool launched a US$200 million ($265.4 million) fund last month to expand into China and realise its ambition of becoming a global brand in education. “We are running out of space here,” says executive chairman and CEO David Chiem on March 1, referring to the 39 centres MindChamps already has in Singapore. They currently contribute about 90% of earnings. “Australia and China will be shifting the balance this year, for sure.”

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