Malaysia's HELP International gets USD111 million buyout bid
Malaysia-based tertiary education provider HELP International Corp Bhd (HELP Group) announced on Thursday that it received a USD111.3 million (MYR359.3 million) buyout offer from private equity firm Southern Capital Partners. This was according to a report published by Reuters.
The Southeast Asia-focused firm is offering MYR2.53 for every share of the educational group. This price is 10.5% higher than HELP's last closing price. According to the HELP's local stock exchange filing, Southern Capital plans to delist the education provider if the deal pushes through, the report detailed.
HELP Group was established in June 2005 as the investment holding company for its businesses which are mainly in the education field. At present, the HELP Group consists of the institutions HELP University, HELP Academy, HELP College of Arts and Technology, the College of Automotive Technology Management, and HELP International School. The educational group currently has over 11,000 students. A large number of the firm's students comes from 80 countries worldwide, according to HELP's website.