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ASEAN Business File

Singaporean education companies expand overseas presence

English and math teaching expertise driving success in China, Vietnam and beyond

A MindChamps preschool in the United Arab Emirates.

SINGAPORE/YANGON -- Scholastic groups in Singapore are busy answering demand for first-class education in a region where parents are known for their strong focus on children's education.

On Sunday, Singaporean for-profit education group MindChamps PreSchool announced it will set up a $200 million fund to expand the MindChamps franchise in China. The company is partnering with Hong Kong-based investment house China First Capital Group, one of MindChamps' key investors, to manage the fund and run the franchise operation.  

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