Ekuinas to list education arm

KUALA LUMPUR: State-backed private equity firm Ekuiti Nasional Bhd (Ekuinas) has unveiled its consolidated education group, Ilmu Education Group Bhd (Ilmu) as it targets a listing of the unit on Bursa Malaysia within six to 12 months.

The Ilmu group consists of Unitar International University, Asia Pacific University (APU), Cosmopoint College, Asia Pacific Institute of Information Technology (APIIT) in Sri Lanka, Kuala Lumpur Metropolitan University College, Tenby Educare Sdn Bhd and Asia Pacific Schools.

Ekuinas CEO Datuk Abdul Rahman Ahmad said the firm would continue to look for potential acquisitions to further grow Ilmu’s portfolio, both in Malaysia and also in Sri Lanka.

“We will put more funds to grow Ilmu, both organically or through acquisitions,” he told reporters after the launch of Ilmu yesterday.

Although he did not reveal which were the targeted businesses, he said Ekuinas was looking to expand in the Islamic and vocational segments as well opportunities in Sri Lanka.

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