Loy household mentioned to weigh stake sale in Taylor’s College in Malaysia, British College in Vietnam
KUALA LUMPUR – The household behind Taylor’s Schooling Group is exploring the sale of a minority stake in a unit that owns non-public universities in Malaysia and Vietnam, in accordance with folks with information of the matter.
The Loy household is working with a monetary adviser on the potential stake sale within the unit, which includes Taylor’s College in Malaysia and British College in Vietnam, the folks mentioned.
A transaction might worth the enterprise at about US$400 million (S$531 million), the folks mentioned, asking to not be recognized as the method is non-public.
The household controls Taylor’s Schooling Group, a supplier of faculties, schools and universities with over 22,000 college students in Malaysia, Singapore and Vietnam, in accordance with its web site. Headed by household patriarch and group govt chairman Loy Teik Ngan, its choices embody every little thing from nursery to postgraduate research and lodge administration coaching, the web site reveals.
Deliberations are ongoing and there’s no assure that the Loy household will proceed with the stake sale, the folks mentioned. Representatives for the Loy household and Taylor’s Schooling Group didn’t instantly reply to requests for remark.
Taylor’s College was based in 1969 and gives undergraduate and postgraduate in-person programmes at its campus in Subang Jaya, exterior Kuala Lumpur, in accordance with its web site. It additionally supplies on-line postgraduate programmes in enterprise, pc science, schooling and hospitality.
Established in 2009, British College in Vietnam grants levels from the UK’s College of London and Staffordshire College, its web site reveals. It has 11 undergraduate programmes and a masters of enterprise administration diploma. BLOOMBERG
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