Corporate digest

Published Tue, Oct 30, 2018 · 09:50 PM — Updated Tue, Oct 30, 2018 · 09:50 PM

MindChamps PreSchool

MAINBOARD-listed MindChamps PreSchool, through its Australian subsidiary MindChamps Australia, has entered into a sale and purchase agreement with trustees CBS Group Investments and Pham Business Investments, to acquire the business and assets of a preschool centre in Warriewood in Sydney, Australia, for A$2.97 million (S$2.9 million).

The assets include the authorisation of the Australian government agency to carry on providing childcare and education services at the preschool centre, the benefit of the lease of its premises, the business's intellectual property rights and licences, and the plant and equipment of the preschool centre.