Minda Global Bhd, which debuted on Bursa Malaysia’s Main Board today after taking over the listed status of Asiamet Education Group Berhad (AEGB), opened at 21.5 sen on Monday.

Minda Global closed its first trading day 6.82 per cent lower at 20.5 sen with 1.4 million shares traded.

The company took over the listed status of AEGB through a one-for-one share exchange arrangement with existing AEGB shareholders, which saw Minda’s entire issued share capital of RM247.98 million comprising 1.24 billion shares being admitted this morning to the official list of Bursa Securities in place of AEGB.

The stock short name, stock code and ISIN code of Minda Global Bhd’s shares are “MINDA”, “5166” and “MYL5166OO003”, respectively.

With the new appointments of its director, Tan Sri R. Palan, Minda will focus on reenergising its business strategy and implementing a more prudent financial management over the next 12 to 18 months.

“We plan to achieve a higher level of synergy between its various holdings as Minda Global is well-positioned to face the challenges of the industry,” he said.

The education group serves over 5,000 students from over 35 countries. It now seeks to develop new programmes to expand its study disciplines and improve growth in student intake, it said in a statement today.

Minda Global currently owns Cyberjaya University College of Medical Sciences (CUCMS), a health science focused university that was recently rated 5-Star (Excellent) by the Ministry of Higher Education through their SETARA ratings exercise, Asia Metropolitan University which operates campuses in Kuala Lumpur and Johor Bharu as well as Asia Metropolitan Colleges in Kuching, Kota Kinabalu and Kota Bharu.

With the acquisition of Cyberjaya University College of Medical Sciences in 2017, Minda Global believes it has the right mix to successfully achieve its business objectives.

Minda Global is expected to develop new programmes within the group to expand its study disciplines and improve growth in student intake. CUCMS on the other hand, plans to move to a new purpose-built campus by mid-2018 which will double the university’s current capacity while providing world class student experiences and enhancing Minda Global’s teaching and learning infrastructure.

The Group also has a presence in the international school sector through its ownership of Asia Metropolitan International School in Ipoh. 

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