School operator KinderWorld scraps SGX IPO citing market conditions

Source: KinderWorld International Group (KIG) Limited website

KinderWorld International Group Ltd, which operates schools in Southeast Asia, has shelved its plans to conduct an initial public offering (IPO) on the Singapore Exchange (SGX) Mainboard.

The Vietnam-headquartered company had lodged its preliminary prospectus on June 27 without specifying any details about the issue size, timing or pricing.

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