Ekuinas agrees Malaysia education bolt-on
Malaysian PE firm Ekuinas is set to consolidate its control of the Asia Pacific Institute of Information Technology (APIIT) after Sapura Resources agreed to sell its stake in the group, plus related education assets, for MYR247 million ($60.9 million).
According to a regulatory filing, Ekuinas-owned ILMU Education will acquire Sapura's 49% stake in both APIIT and Asia Pacific University (APU). ILMU will also purchase Sapura's 37.6% interest in APIIT...
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