Fairview International was set up to buy two international schools in Malaysia and it is seeking more acquisitions in Asia and the UK. New schools could also be developed.
Management believes that there may be opportunities to acquire underperforming schools in the UK. These would be schools that appeal to the Asian market. There are already mergers in the UK private schools sector. The proposed removal of exemption from VAT has been taken into account.
The share price started at 11p and kept at this level for the whole of the first day of trading when 10,000 shares were traded.
Fair...
