Informatics Education
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|
 Informatics headquarters located at Suntec Tower One, Singapore | |
| Company type | Public |
|---|---|
| ISIN | SG1CE8000006 |
| Industry | Education |
| Founded | July 20, 1983 in Singapore |
| Headquarters | 7 Temasek Boulevard, #12-07 Suntec Tower One, Singapore 038987., Singapore |
Area served |
|
Key people |
|
| Revenue |  SGD $6.5 Million[1] (2022) |
| SGD $0.013 Million[1] (2022) | |
| SGD $(0.013) Million[1] (2022) | |
| Total assets | SGD $2.74 Million[1] (2022) |
| Total equity | SGD $(1.54) Million[1] (2022) |
Number of employees |
|
| Website | www |
Informatics Education or Informatics Group (also called Informatics International College, Informatics College, Informatics Institute, or simply Informatics) is an educational institution that caters mainly to students who wants to study Information Technology (IT) related courses. Informatics is also engaged as a franchisee and licensee for both computer and commercial training centers. It also facilitates examination, and operates through higher education and corporate training segments.[2][3][4]
History
[edit]Informatics was founded in 1983 with the name Bitec Computer Centre Pte Ltd. It commenced operations on August 15, 1983 using the business name Informatics Computer School. On December 13, 1988, the company changed its name to Informatics Holdings Pte Ltd. and to its present name when it was converted to a public limited company on March 19, 1993. It was listed in Singapore Stock Exchange (SGX) mainboard. Informatics also have affiliations with educational institution in various countries.[5][6][7][8]
In 1998, Informatics Holdings Ltd. acquired an IT training and education specialist in the United Kingdom through a joint venture.[9]
In May 2004, the company experienced a 70% fall in stock price when it was known that they were taking annual net loss. By June 2004, they have issued shares to an investment unit of Indonesian born tycoon Oei Hong Leong.[10] In July 2004, Informatics made a new one-for-four rights issue deal at 25 cents per share to raise $19.6 million.[11]
Stock Trading Suspension
[edit]On July 28, 2022, Informatics Education Ltd. (IEL) has been suspended for public trading in Singapore Stock Exchange (SGX) mainboard. It was placed on the watchlist pursuant to Rule 1311(2) (minimum trading price entry criteria) and Rule 1311(1) (financial entry criteria) of the exchange’s listing manual in 2017. The company will remain suspended until the completion of the exit offer to its shareholders, following which it will be delisted.[12][13][14]
After the trading suspension, in October 2022,Berjaya Corporation subsidiary Berjaya Land Bhd. through its wholly-owned subsidiary, Berjaya Leisure Capital (Cayman) Ltd. (BLCC), intended to make an offer for Informatics Education Ltd. (IEL) shares in connection with the directed delisting of IEL from the Singapore Exchange. BLCC, which owns 119.56 million shares or a 67.4% stake in IEL, plans to offer $0.011 in cash for each of the remaining IEL shares, said Berjaya Land in a filing. Furthermore, BLCC also made an offer to acquire the remaining warrants of IEL at $0.0001 per warrant.[15][16][17][18]
Corporate affairs
[edit]Leadership
[edit]Board of directors
[edit]As of 2021, the board of directors of Informatics Education includes:[19]
- Dato’ Sri Robin Tan Yeong Ching (Non-Executive Chairman)
- Yau Su Peng (Executive Director)
- Yeap Beng Swee Philip (Independent Director)
- Professor Lai Kim Fatt (Executive Director)
Subsidiaries
[edit]Informatics Education lists of country of operations and or branches, affiliation, and subsidiaries:[20]
| Corporate name | Place of incorporation | Principal activities | Functional currency | Percentage of ownership |
|---|---|---|---|---|
| Informatics Academy Pte Ltd | Singapore | Computer and business education and training, business management consultancy and child development | SGD | 100% |
| Informatics International Pte Ltd | Singapore | Dormant | SGD | 100% |
| Informatics Global Campus Pte Ltd | Singapore | Dormant | SGD | 100% |
| Informatics Computer Education Sdn Bhd | Malaysia | Dormant | MYR | 100% |
| Singapore Informatics Computer Institute (Pvt) Ltd | Sri Lanka | Doramnt | LKR | 100% |
| Informatics Education (HK) Ltd | Hong Kong | Computer education and training | HKD | 100% |
| Informatics Education UK Ltd | United Kingdom | Investment Holding | GBP | 100% |
| NCC Education Limited | United Kingdom | Educational and business management consultancy | GBP | 51% |
| NCC Education Limited (Held by the subsidiaries) | United Kingdom | Educational and business management consultancy | GBP | 49% |
| NCC Education (M) Sdn Bhd (Held by the subsidiaries) | Malaysia | Marketing and consultancy | MYR | 100% |
| NCC Education (Beijing) Consulting Co., Ltd (Held by the subsidiaries) | People's Republic of China | Consultancy | CNY | 100% |
Affiliation in Philippines
[edit]- Informatics Holdings Phils. Inc. (Informatics Philippines) - is an independently owned and operated local educational institution.
Finances
[edit]For the fiscal (and calendar) year 2022, Informatics Education reported a net income and or loss of SGD $(0.013). The annual revenue was SGD $6.5 million. Below is the lists of revenue, net income, loss and total assets up to the current year period.[21]
| Year | Revenue (mil. SGD) |
Net income / loss (mil. & thou. SGD) |
Total assets (mil. SGD) |
|---|---|---|---|
| 2020 | 10.9 | 0.019 | 2.86 |
| 2021 | 7.2 | 0.020 | 3.67 |
| 2022 | 6.5 | (0.013) | 2.74 |
References
[edit]- ^ a b c d e "Informatics Annual Financial Report" (PDF). Informatics Education Ltd. 2021.
- ^ "Informatics Education Ltd Company Profile - Singapore | Financials & Key Executives | EMIS". ISI Emerging Markets Holdings (UK) LIMITED. Retrieved 2023-02-23.
- ^ "Informatics Education Ltd - Company Profile and News". Bloomberg Inc. Retrieved 2023-02-23.
- ^ "Corporate Profile". Informatics Education Ltd. Retrieved 2023-02-23.
- ^ "Informatics Education Ltd. - Info". Singapore Exchange Limited. Retrieved 2023-02-23.
- ^ "Informatics Education Share Price - SGX:BOU Stock Research". Stockopedia Ltd. Retrieved 2023-02-23.
- ^ "Informatics Education Ltd.: Shareholders Board Members Managers and Company Profile". Surperformance SAS. Retrieved 2023-02-23.
- ^ "About Informatics Group". Informatics Education Ltd. Retrieved 2023-02-23.
- ^ "Informatics Buys It Training Firm". New Straits Times, Media Prima Berhad & Google LLC. 18 June 1998. Retrieved 24 February 2023.
- ^ "Informatics sells 62.7mil shares to Oei". Star Media Group Berhad. Retrieved 2023-02-24.
- ^ "Informatics saga ends with 'win-win' deal". Star Media Group Berhad. Retrieved 2023-02-24.
- ^ "SGX-Rejection of Application and Delisting Notification". Singapore Exchange Limited.
- ^ "Informatics Education receives exit offer from major shareholder, no general meeting will be held with shareholders to discuss the directed delisting". SPH Media Limited. Retrieved 2023-02-23.
- ^ "Informatics Education Receives Delisting Notification from Singapore Exchange; Shares Drop 50%". Moomoo Technologies Inc. Retrieved 2023-02-23.
- ^ "Closing date for Informatics Education's exit offer extended to Dec 30". SPH Media Limited. Retrieved 2023-02-23.
- ^ "Berjaya Land unit to make cash offer for Informatics Education shares". The Edge Property Pte Ltd. Retrieved 2023-02-23.
- ^ "Announcement By Berjaya Leisure Capital (Cayman) Limited, A 100%-Owned Subsidiary of Berjaya Land Berhad". I3 LLC. Retrieved 2023-02-23.
- ^ Salim, Syafiqah (2022-10-17). "Berjaya Land unit to make cash offer for Informatics Education shares". The Edge Communications Sdn. Bhd. Retrieved 2023-02-23.
- ^ "Informatics Leadership" (PDF). Informatics Education Ltd.
- ^ "List Of Subsidiaries" (PDF). Informatics Education Ltd.
- ^ "Financial Results". Informatics Education Ltd. Retrieved 2023-02-23.