Education in Motion said it is in the routine process of bringing in a new strategic financial partner.
Education in Motion said no agreement was entered into, and that there are “no ongoing negotiations” to sell any schools.
Dulwich College in Singapore has close to 3,000 students, while the school in Seoul has an enrolment of about 650, with students ranging in age from two to 18, the media reports said. Mr Fraser White, founder, chairman and chief executive of EiM, said in a statement: “EiM is currently in the process of bringing in a new strategic financial partner.
Mr White and Ms Yung set up the first Dulwich College international school in Shanghai in 2003, before branching out to Seoul in 2010 and Singapore in 2014.In November 2023, Reuters said some shareholders of Dulwich College International were in talks for a sale of the school’s China-heavy Asia operations. Back then, EiM said it was “in the process of bringing in a new strategic financial partner”, and that the process would allow partners to exit their investments in the group.
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