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Alpha Energy proposes S$20m fundraising for its foray into education
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Vivienne Tay
Published Thu, Jul 16, 2020 · 09:50 PM
Singapore
ALPHA Energy is proposing a S$20 million fundraising as it tries to diversify from oil into the education business, it said on Wednesday.
The Catalist-listed oil company on Tuesday entered into a conditional sale-and-purchase agreement with Kydon Holdings for the proposed acquisition of Kydon Learning Systems Institute (KLSI) - a Singapore-based education technology business - for S$12 million in cash and stock.
