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Nexia TS Successfully Supported MindChamps PreSchool Limited in its Listing on SGX Main Board

December 2017

 

Singapore, 1 December 2017 – Nexia TS is pleased to announce that it has successfully supported MindChamps PreSchool Limited in its listing on SGX Main Board on 24 November 2017, placing out 30.45 million shares at $0.83 per share. MindChamps PreSchool Limited is Singapore’s largest operator and franchisor of premium range preschool centres.

 

 

Nexia TS was appointed as the Reporting Accountant supporting the IPO listing. DBS Bank was appointed the Issue Manager, Bookrunner and Underwriter for the listing.

 

As the only preschool operator globally to nurture children with its own intellectual property on the Champion Mindset researched by award-winning neuroscientist, Professor Emeritus Allan Snyder FRS, MindChamps PreSchool’s unique curriculum is the result of over a decade of research and development in the four domains of early childhood education, neuroscience, child psychology and theatre. As at the date of listing, MindChamps PreSchool has 6 company-owned-company-operated centres, 30 franchisee-owned-franchisee-operated preschool centres and 8 franchisee-owned-franchisee-operated reading and writing centres in Singapore.

 

“We are pleased to have worked with Nexia TS and would like to extend our thanks to the excellent work done. Their familiarity with the SGX listing rules and dedication contributed to our successful listing on the SGX.”

Teo Wee Jone, Chief Financial Officer, MindChamps

 

“Congratulations to MindChamps for its successful listing on SGX. We are extremely proud that the main board listing was executed expediently and collaboratively. We would also like to thank MindChamps for its support in partnering us for this significant milestone as they stand poised for greater growth in Singapore and beyond.”

Henry Tan, Managing Director, Nexia TS

 

About MindChamps PreSchool Limited:

MindChamps PreSchool Limited (the “Company”) is the largest operator and franchisor of premium range preschool centres in Singapore1. It owns and operates 10 centres (six in Singapore and four in Australia) and has 44 centres owned and operated by franchisees in Singapore, Australia, the United Arab Emirates and the Philippines. The Company has developed a unique curriculum from more than a decade of research and development in the four domains of early childhood education, neuroscience, child psychology and theatre. It is also the only preschool operator globally to own intellectual property on and nurture children with the Champion Mindset as researched by award-winning neuroscientist, Professor Emeritus Allan Snyder FRS.

 

The Company is helmed by a strong and experienced management team and supported by an esteemed World Advisory Board. It operates and manages its business in primarily three segments: (a) Education; (b) Franchise; (c) Others – provision of commercial schools offering higher education programmes.

 

For more information, please visit www.mindchamps.org/preschool.

 

1 As at 15 September 2017
 

About Nexia TS:

Nexia TS was founded in 1993 by two experienced chartered accountants – Henry Tan and Sitoh Yih Pin. After working as managers for one of the international accounting firms, they saw a vision and an opportunity to establish their own organisation – not any accounting firm – but one which is unique in their personalised and well-qualified expertise.

 

To date, Nexia TS is recognised as an established mid-tier local accounting firm. We have grown significantly in size over the years. Being an independent member firm of Nexia International, we are affiliated to accounting firms in many parts of the world. This means that our clients will get to enjoy personalised, comprehensive and quality services at competitive rates in Singapore and globally. Our reputation for quality has been recognised by clients and accounting professionals. As testimony to this, we are among the first few local accounting firms to be accredited by the Institute of Chartered Accountants in Australia to provide supervision of professionals undergoing traineeship to qualify as Chartered Accountants.

 

Headquartered in Singapore, Nexia TS has established a strong presence in various countries across the region. Nexia China is a one-stop centre providing advisory services for foreign-invested enterprises in China. NTS Malaysia and NTS Myanmar provide a full suite of corporate advisory services for our clientele with operations and new foreign investments in the respective countries. Nexia International is an international network of accounting and consulting firms with origins going back to 1971, making Nexia International one of the longest established networks. Currently, with more than 24,000 professional staff serving our clients at over 570 offices in 120 countries, it is ranked as the top 10 largest international accounting and consulting network.

 

For more details, please visit www.nexiats.com.sg.

  

Media Contacts:

Grace Lui
Head of Marketing Communications
+65 6597 7297
gracelui@nexiats.com.sg
 

Daniel Chen
Marketing Communications Manager
+65 6534 5700 (ext. 861)
danielchen@nexiats.com.sg