Singapore’s MindChamps to buy 8 preschools in Australia for $29m

Singapore’s MindChamps to buy 8 preschools in Australia for $29m

Photo by pan xiaozhen on Unsplash

SGX-listed MindChamps PreSchool Limited, through its wholly-owned subsidiary, has entered into an agreement to purchase eight early learning centres in Sydney from the Malek Family for A$40.84 million ($29 million), according to a stock filing on Sunday.

The eight early learning centres are located in the suburbs of Sydney – Mascot, Parramatta, Albion Park, West Hoxton, Kemps Creek and Shellharbour.

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