MindChamps PreSchool Ltd (SGX: CNE) is wasting little time in continuing its expansion in Australia. On Sunday, 7 April, MindChamps announced that it has entered into an agreement to acquire eight more early learning centres located in and around Sydney.
Investors reacted positively to the news with shares of MindChamps increasing 4.62% on Monday.
Disclaimer: This is not a sponsored post. Opinions expressed in the article should not be taken as investment advice. Please do your own due diligence.
Here’s what investors should know about the acquisition.
Growing its presence in Australia
MindChamps, through acquisitions in Australia, is looking to strengthen its brand presence there. The latest acquisition of the eight learning centres in Australia brings its total number of early learning centres in Australia up to 20.
Upon completion of the acquisition, there will be a total of 82 MindChamps preschool and enrichment centres. The centres can be divided into