The Business Times
business-time-50
SUBSCRIBERS

Tembusu sells 36% interest in Ednovation for over S$50m

google-preferred-sourceAdd BT as a preferred source
Published Thu, Jan 12, 2017 · 09:50 PM

    Singapore

    TEMBUSU Partners, a Singapore-based private equity firm, said on Thursday that it has divested its 36-per-cent stake in homegrown education group, Ednovation, to private equity firm CDH Investments, in a deal valued at over S$50 million.

    Andy Lim, chairman and founder of Tembusu, told The Business Times that while he could not disclose the exact figure, the deal was valued "way above" S$50 million.

    Private equity

    TRENDING NOW

    The CSRC is leading the effort, along with the National Financial Regulatory Administration, which handles consumer protection and supervises banks.

    Why China is tightening controls on overseas stock trading

    US President Donald Trump with President Xi Jinping after a visit to Zhongnanhai Garden in Beijing, on May 15.

    Xi Jinping has just rewritten the rules of US-China rivalry

    Always one to walk the talk, DBS CEO Tan Su Shan has her personal AI agent that checks and serves up to her the latest news on banking.

    ‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI

    Set up by Nichol Ng and her brother, FoodXervices traces its roots to 1934 with the business their grandfather started.

    ‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More