SPH buys additional 4.84% stake in Mindchamps Preschool
Its total interest in the firm rose to 26.84%.
Singapore Press Holdings (SPH) bought an additional 4.84% stake in Mindchamps Preschool Limited (MCPL).
According to an announcement, MCPL was bought through SPH's wholly-owned subsidiary, Invest Learning Pte Ltd (ILPL). ILPL's stake has been raised to 26.84%.
SPH previously said that ILPL bought the shares for $3.96m.
MCPL recently launched an initial public offering (IPO), which was 83 times subscribed for a total of $137.7m.