Chitchat Elite Pre-School Seeks IPO On Sinkie Stock Exchange! RI And Hwa Chong When?

[JohnTan]

MINDCHAMPS PreSchool, the largest operator and franchiser of premium-range pre-school centres in Singapore, has lodged its preliminary prospectus for a mainboard listing on the Singapore Exchange.

An earlier Bloomberg report, citing sources, said that the company is seeking a valuation of about S$200 million. A representative for MindChamps declined to comment when contacted on Friday.

China First Capital Group (CFCG), Hillhouse Capital and Target Asset Management have committed to come onboard as cornerstone investors, which will give them a collective stake of 11.97 per cent in the company after the initial public offering (IPO).

In a previous filing to the Hong Kong Exchange, CFCG had said that it would subscribe for a 4.99 per cent stake in MindChamps in a financial commitment that is not expected to exceed S$11 million.

In a separate release on Friday, Singapore Press Holdings (SPH) - which owns newspapers such as The Business Times - announced that its wholly owned subsidiary, Invest Learning, has entered into a sale and purchase agreement with MindChamps to boost its stake by an additional 4.84 per cent for around S$3.95 million.

Invest Learning had previously acquired a 22 per cent stake in MindChamps for S$12 million in 2014; this move will lift its stake to 26.84 per cent.

The IPO will include an international placement to investors as well as a public offering, the document said.

MindChamps currently has 10 company-owned and 44 franchisee-operated pre-schools, and reading and writing centres across Singapore, Australia, the Philippines and the United Arab Emirates.

MindChamps said that it plans to use the net proceeds to partly repay loans as well as to fund its potential expansion plans in Singapore and overseas.

http://www.businesstimes.com.sg/companies-markets/mindchamps-lodges-preliminary-prospectus-for-ipo

 

[Hangover]

You have lots of negative online reviews by parents about money-going-down-the-drain. The former NOL CEO at SPH is probably hoping that the listing will shore up SPH"s books.

A father sent his girl to their $4000 prep course for Primary 1, which assessed her girl to be very adequately-prepared. In 2017, the little girl went to a neighbourhood school in 2017 and to her dad's astonishment, the school required his girl to start staying back for remedial classes after a few months.

 

[JohnTan]

You have lots of negative online reviews by parents about money-going-down-the-drain. The former NOL CEO at SPH is probably hoping that the listing will shore up SPH"s books.

A father sent his girl to their $4000 prep course for Primary 1, which assessed her girl to be very adequately-prepared. In 2017, the little girl went to a neighbourhood school in 2017 and to her dad's astonishment, the school required his girl to start staying back for remedial classes after a few months.

His little girl is probably very stupid. No amount of tuition can save the kid if she is stupid to begin with. Nothing to do with Mindchamps.

 

[Hangover]

This guru-wannabe can teach you preschooling, smoking people, trading FX, buying shares..............
https://www.sammyboy.com/threads/i-dont-trust-adam-khoo.18873

 

[batman1]

Next on IPO target : PA ?

 

[Hangover]

Next on IPO target : PA ?

Not likely. PA and SSC has compliance issues, independent vendors need to wait 2-years to be paid if they don't cover the management.

But since we sold our petrol stations and power stations, I look forward to the day that PAP getting listed on Shenzhen Stock Exchange.

 

[borom]

Its says a lot about the economy when you have low tech /low end companies like kindergartens, real estate agencies and seafood restaurants being listed. And you have a capital intensive and high tech company like SMRT being delisted! . What kind of world class is that?
Kindergartens/real estate agencies/restaurants are cash business, so why need to go to the capital market?
Are they selling out to the ignorant esp now when many markets are at historical or decades high levels/valuations

 

[eatshitndie]

Its says a lot about the economy when you have low tech /low end companies like kindergartens, real estate agencies and seafood restaurants being listed. And you have a capital intensive and high tech company like SMRT being delisted! . What kind of world class is that?
Kindergartens/real estate agencies/restaurants are cash business, so why need to go to the capital market?
Are they selling out to the ignorant esp now when many markets are at historical or decades high levels/valuations

no sign board restaurant in geylang going ipo soon. huat ah!

 

[JohnTan]

Next on IPO target : PA ?

NTUC used to have issue shares to people who bought their insurance policies. I am an NTUC shareholder. If PA gets listed, I want in too.

 

[jw5]

They are already in you.

NTUC used to have issue shares to people who bought their insurance policies. I am an NTUC shareholder. If PA gets listed, I want in too.

 

[Hangover]

About 40x PE at listing
They think they are Alphabet (Google)?

 

[scroobal]

Very well said. From 5 star Orchard to a Geylang Hotel. From capital raising to reducing their risk exposure.

Its says a lot about the economy when you have low tech /low end companies like kindergartens, real estate agencies and seafood restaurants being listed. And you have a capital intensive and high tech company like SMRT being delisted! . What kind of world class is that?
Kindergartens/real estate agencies/restaurants are cash business, so why need to go to the capital market?
Are they selling out to the ignorant esp now when many markets are at historical or decades high levels/valuations

 

[virus]

His little girl is probably very stupid. No amount of tuition can save the kid if she is stupid to begin with. Nothing to do with Mindchamps.

stupidity is inherent with mindchimps

 

[virus]

NTUC used to have issue shares to people who bought their insurance policies. I am an NTUC shareholder. If PA gets listed, I want in too.

they should issue knifes to dimwits who got scammed by insurance. that would hv safe our country and free it up for new migrants from indear and pinoy

 

[sweetiepie]

my uncle say this world really have many gong gia. He say ABC giam chai cha Roti also can con money so easily.

 

[syed putra]

Eton college, harrow, oxford, stanford all not listed.