Last checked at 9 Sep 2008 16:50
AEC Education PLC (" the Company")
Announcement
AEC Edu Group Pte Ltd (AEC), a wholly owned subsidiary of the Company, owns 30% of the equity in IMS Professional Training Services Sdn Bhd (IMS) which is incorporated in Malaysia. IMS has increased its paid-up capital from RM1M (£164,000) to RM1,432,233 (£234,885) by way of a rights issue. AEC has taken up its rights in this issue in proportion to its 30% shareholding. The value of the new shares obtained by the Company is RM129,670 (£21,265). The rights issue was completed on 1 September 2008.
For further information, please contact:
AEC Education plc
Haider M Sithawalla
Director - Finance
AEC Edu Group Pte Ltd
email : hmsithawalla@aec.edu.sg
Nabarro Wells & Co Ltd - Nominated Adviser
David Nabarro
Email : david.nabarro@ambrian.com
Phone +44 (0)20 7634 4705
Notes to Editors
AEC Education PLC is the UK holding company for a number of companies in Singapore, Malaysia, China and Vietnam that provide educational services to approximately 16,000 students in the Asia-Pacific region: source of the fastest-growing market for international students. The Group offers class-based instruction at its various educational campuses in Singapore, Malaysia, China and Vietnam and distance learning, up to postgraduate levels. It also provides degree qualifications on behalf of several leading international universities, targeting the large numbers of overseas students in the region in line with the Singapore Government's Global Schoolhouse Vision to make Singapore an Education Hub.
AEC's aim is to be a leader in quality education through facilitating learning, fostering creativity and developing knowledge, skills and confidence in its students. The Group is recognised as a prestigious and forward thinking provider in the educational field and this is evidenced by the four rare Singapore Quality Class Awards it has received from the Singapore Government.
In August 2006, AEC was again awarded the "Case Trust" Certification for Private Education Organizations, a student protection scheme for foreign students. This further endorses AEC's position as a recognized quality provider of education.