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.

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