A libertarian inclined blog for teachers and learners of all ages. Comments, emails and links to other educational stuff welcome.

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Next entry: Getting better at teaching Small Boy
Previous entry: Frank Chalk and David Davis on metal detectors for schools
Monday January 21 2008

I find this kind of thing fascinating:

SINGAPORE, Jan 21 (Reuters) - Singapore-listed education provider Raffles Education Corp (RLSE.SI: Quote, Profile, Research) said on Monday it plans to list part of its Chinese assets on the Hong Kong stock exchange. The firm said in a statement that it has appointed UBS AG (UBSN.VX: Quote, Profile, Research) as an adviser for the listing. The company did not give the total value of its Chinese assets or the amount it intends to raise through the listing.

Raffles Education has a market capitalisation of about $2.2 billion.

In its biggest investment in China to date, Raffles Education bought a university campus in Langfang City, Hebei province for 2 billion yuan ($276 million) in October last year.

In November last year, the company’s chief executive, Chew Hua Seng, told Reuters that Raffles Education will continue to buy educational institutes across Asia especially in China.

The company’s stock price was down 2.9 percent by 15:58 Singapore time (0358 GMT). (Reporting by Melanie Lee; Editing By Ovais Subhani)

The point is, this is business news, with share prices and company profiles attached.  Big Asian mega-education companies are going to start buying British state schools one of these decades, and the state will be glad to be rid of them.  That’s why it’ll be selling them.