MindChamps

[boonsong]

many years back, CityDev HK listed vehicle invested in Mindchamps......see chairman statement & mgt discussion

http://www.ceslimited.com/wp-content/upl...008-AR.pdf

http://www.ceslimited.com/wp-content/upl...009-AR.pdf

http://www.ceslimited.com/wp-content/upl...010-AR.pdf

Thank you very much.

There isn't much to dispute or repute the investment quality of MindChamps (MC) from those ARs-- although it does affirm that parents treat pre-school as discretionary spending and MC's business was poor during those beaten-down years.. Losses were simply too great for CD(HK) to continue holding MC-- so it is understandable that they cut.

Too bad there isn't any more info from 2010 onwards.

add: Among its cornerstone investors, we have China First Capital Group. Perhaps more insights can be glean from CFCG's ARs.