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发表于 3-3-2018 18:25:41|来自:新加坡
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Mindchamps PreSchool Limited filed its initial public offering (IPO) prospectus last Friday. Here are eight things investors should know:
1. Singapore’s largest operator and franchisor of premium preschool centres is offering 30.5 million shares. Of this, 28.5 million shares are for placements. The remaining two million shares are open for the public to subscribe. The offering price is S$0.83 per share.
2. Mindchamps PreSchool was found by David Chiem Phu An. Chiem is also the company’s executive chairman and chief executive officer. He is expected to hold over 51% of the company’s shares after the IPO.
3. The first MindChamps PreSchool centre was opened in April 2008. By then, MindChamps PreSchool Franchise Pte Ltd had already sold 22 franchise licenses. The company was incorporated in 25 July 2008.
4. At the time of the filing of its IPO prospectus, MindChamps PreSchool has a network of 54 centres. 10 centres are owned and operated by the company itself, while another 44 are owned and operated by franchisees. Of the 54 centres in the network, 44 are in Singapore, six are in Australia, two are in the Philippines, and one is in the United Arab Emirates (UAE).
5. According to independent market research conducted by Converging Knowledge, MindChamps PreSchool has a 38.5% market share in Singapore based on the number of premium preschool centres. The research defines the premium range as preschool child care centres that charge each student S$1,700 per month for a five-day week or 5.5 day week full-day programme. Busy Bees is second with a 26.4% market share, while EtonHouse holds third position with a 5.5% market share.
6. For the financial year ended 31 December 2016 (FY2016), MindChamps PreSchool generated S$18.4 million in revenue and S$5.8 million in net profit.
7. Singapore Press Holdings Limited (SGX: T39) invested S$12 million into MindChamps in August 2014 and owns a 22% stake in MindChamps Holdings Pte Ltd. On 9 November 2017, SPH entered a deal to increase its stake to 26.84% for a little under S$4 million.
8. The IPO is open from 18 November 2017 (9:00 am) to 22 November 2017 (12:00 pm). MindChamps PreSchool intends to use the IPO proceeds to partially repay its outstanding loans, fund expansion plans, and for working capital purposes. |
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