Singapore: 8I Holdings to list education subsidiary on SGX Catalist

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ASX-listed 8I Holdings Limited (8IH) is preparing to list its education subsidiary, 8I Education, on the Catalist board of the Singapore Exchange (SGX). The company will undergo a corporate restructuring exercise ahead of the proposed listing.

8I Education is a financial education and training provider with operations in Singapore and Malaysia. Its flagship course, “Millionaire Investor Program” (MIP), focuses on educating laypeople on principles and techniques of value investing. The firm’s education business includes both 8I Education and Value Investing College (Financial Joy Institute Pte Ltd).

8I Holdings is an investment holdings company that takes a value investing approach to acquiring positions in listed companies and private businesses.

The proposed listing will facilitate the expansion plans of the education business without the need to rely on internal resources. The listing will also enable key management personnel of 8IH to primarily focus financial resources on its growing Public Markets Investment and Private Markets Investment business segments.

The public float will see 8IH continue to retain a controlling equity interest in 8IH Education. It will also help the company unlock and increase value for shareholders by improving overall financial capacity and access to capital markets for debt and equity funding via separate listed entities on ASX (Australian Securities Exchange) and SGX.

The proposed listing on the Catalist secondary board is in its preliminary stages and is dependent on, among other things, the results of the preparatory work to be undertaken, requisite approvals from relevant regulatory authorities, compliance with the Catalist Rules, ASX Listing Rules and then-prevailing market conditions. This process is anticipated to take between seven to ten months.

8IH has the intention to raise funds to finance the education business expansion in Asia, which is to be effected through physical offices growth, talent recruitment and management, technology application and the potential acquisitions of complementary businesses in various countries.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.