25th Apr 2022 19:20
Asia Strategic Holdings Ltd - developer and operator of consumer businesses located in emerging Asia - Enters an exclusive franchising agreement with Kids&Us English Slu, for the development of English language centres for children in Myanmar.
Kids&Us provides English language education for children and teenagers. Asia Strategic will pay Kids&Us an initial fee of EUR100,000, and ongoing service fees as a percentage of revenues and didactic materials.
"Over the past two years, Asia Strategic Holdings has assessed several brands and teaching methodologies to determine the most suitable to Myanmar and the broader Asia region. Kids&Us and its founders have a clear vision, driven successful academic outcomes and built an excellent offline and online product as demonstrated by their commercial success across Europe," says Chief Executive Officer Enrico Cesenni.
Current stock price: USD12.95, up 36%
12-month change: up 20%
By Dayo Laniyan; [email protected]
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