Informatics Education
{{Multiple issues|
{{Cleanup press release|1=article|date=February 2023}}
{{COI|date=May 2023}}
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{{Infobox company
| name = Informatics Education Ltd.
| logo =
| image = Suntec City, Towers 1 & 2, Dec 05.JPG
| image_caption = Informatics headquarters located at Suntec Tower One, Singapore
| type = Public
| traded_as = {{Unbulleted list|
{{SGX|BOU}}
}}
| ISIN = {{ISIN|sl=n|pl=y|SG1CE8000006}}
| industry = Education
| founded = {{Start date and age|1983|7|20}} in {{Nowrap|Singapore}}
| hq_location = 7 Temasek Boulevard, #12-07 Suntec Tower One, Singapore 038987.
| hq_location_country = Singapore
| area_served = {{Unbulleted list|
| Singapore
| China
| Hong Kong
| United Kingdom
| Malaysia
| Philippines
| Sri Lanka
}}
| key_people = {{ubl|Dato’ Sri Robin Tan Yeong CHING
{{small|(non-executive chairman )}}||Yau Su Peng
{{small|(executive director)}}}}
| revenue = {{Decrease}} SGD $6.5 Million{{Cite web|url=http://www.informaticseducation.com/wp-content/uploads/2021/12/IEL-FY2022-Results-announcement.pdf|website=Informatics Education Ltd. 2021|publisher=|title=Informatics Annual Financial Report}} (2022)
| operating_income = {{Decrease}} SGD $0.013 Million (2022)
| net_income = {{Decrease}} SGD $(0.013) Million (2022)
| assets = {{Decrease}} SGD $2.74 Million (2022)
| equity = {{Decrease}} SGD $(1.54) Million (2022)
| num_employees = {{Unbulleted list|{{Increase}} 128 (2021)|114 (2020)}}
| website = {{URL|http://www.informaticseducation.com/}}
}}
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.{{Cite web |title=Informatics Education Ltd Company Profile - Singapore {{!}} Financials & Key Executives {{!}} EMIS |url=https://www.emis.com/php/company-profile/SG/Informatics_Education_Ltd_en_1692077.html |access-date=2023-02-23 |website=ISI Emerging Markets Holdings (UK) LIMITED}}{{Cite web |title=Informatics Education Ltd - Company Profile and News |url=https://www.bloomberg.com/profile/company/INFO:SP |access-date=2023-02-23 |website=Bloomberg Inc. |language=en}}{{Cite web |title=Corporate Profile |url=http://www.informaticseducation.com/corporate-profile/ |access-date=2023-02-23 |website=Informatics Education Ltd. |language=en}}
History
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.{{Cite web |title=Informatics Education Ltd. - Info |url=https://links.sgx.com/1.0.0/corporate-information/2747 |access-date=2023-02-23 |website=Singapore Exchange Limited}}{{Cite web |title=Informatics Education Share Price - SGX:BOU Stock Research |url=https://www.stockopedia.com/share-prices/informatics-education-SGX:BOU/ |access-date=2023-02-23 |website=Stockopedia Ltd. |language=en-gb}}{{Cite web |title=Informatics Education Ltd.: Shareholders Board Members Managers and Company Profile |url=https://www.marketscreener.com/quote/stock/INFORMATICS-EDUCATION-LTD-6811963/company/ |access-date=2023-02-23 |website=Surperformance SAS |language=en}}{{Cite web |title=About Informatics Group |url=http://www.informatics.edu.hk/about-us/about-informatics-group/ |access-date=2023-02-23 |website=Informatics Education Ltd. |language=en-US}}
In 1998, Informatics Holdings Ltd. acquired an IT training and education specialist in the United Kingdom through a joint venture.{{cite news |date=18 June 1998 |title=Informatics Buys It Training Firm |publisher=New Straits Times, Media Prima Berhad & Google LLC |url=https://books.google.com/books?id=n5xOAAAAIBAJ&pg=PA35 |access-date=24 February 2023}}
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.{{Cite web |title=Informatics sells 62.7mil shares to Oei |url=https://www.thestar.com.my/business/business-news/2004/06/05/informatics-sells-627mil-shares-to-oei |access-date=2023-02-24 |website=Star Media Group Berhad |language=en}} In July 2004, Informatics made a new one-for-four rights issue deal at 25 cents per share to raise $19.6 million.{{Cite web |title=Informatics saga ends with 'win-win' deal |url=https://www.thestar.com.my/business/business-news/2004/07/08/informatics-saga-ends-with-winwin-deal |access-date=2023-02-24 |website=Star Media Group Berhad |language=en}}
= Stock Trading Suspension =
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.{{Cite web |title=SGX-Rejection of Application and Delisting Notification |url=https://links.sgx.com/FileOpen/IEL%20-%20Update%20on%20Application%20for%20Further%20EOT%20to%20Exit%20SGX-ST%20Watch-List.ashx?App=Announcement&FileID=722004 |website=Singapore Exchange Limited}}{{Cite web |title=Informatics Education receives exit offer from major shareholder, no general meeting will be held with shareholders to discuss the directed delisting. |url=https://www.businesstimes.com.sg/companies-markets/informatics-education-receives-s0011-share-exit-offer-major-shareholder |access-date=2023-02-23 |website=SPH Media Limited}}{{Cite web |title=Informatics Education Receives Delisting Notification from Singapore Exchange; Shares Drop 50% |url=https://www.moomoo.com/news/post/12015501 |access-date=2023-02-23 |website=Moomoo Technologies Inc.}}
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.{{Cite web |title=Closing date for Informatics Education's exit offer extended to Dec 30 |url=https://www.businesstimes.com.sg/companies-markets/closing-date-informatics-educations-exit-offer-extended-dec-30 |access-date=2023-02-23 |website=SPH Media Limited}}{{Cite web |title=Berjaya Land unit to make cash offer for Informatics Education shares |url=https://www.edgeprop.my/content/1904054/berjaya-land-unit-make-cash-offer-informatics-education-shares |access-date=2023-02-23 |website=The Edge Property Pte Ltd. |language=en}}{{Cite web |title=Announcement By Berjaya Leisure Capital (Cayman) Limited, A 100%-Owned Subsidiary of Berjaya Land Berhad |url=https://klse.i3investor.com/web/announcement/detail/1745520 |access-date=2023-02-23 |website=I3 LLC |language=en}}{{Cite web |first=Syafiqah |last=Salim |date=2022-10-17 |title=Berjaya Land unit to make cash offer for Informatics Education shares |url=http://www.theedgemarkets.com/article/berjaya-land-unit-make-cash-offer-informatics-education-shares |access-date=2023-02-23 |website=The Edge Communications Sdn. Bhd.}}
Corporate affairs
= Leadership =
== Board of directors ==
As of 2021, the board of directors of Informatics Education includes:{{Cite web |title=Informatics Leadership |url=http://www.informaticseducation.com/wp-content/uploads/2021/12/Informatics-Annual-Report-2021.pdf#page=6 |archive-url=https://web.archive.org/web/20230223051828/http://www.informaticseducation.com/wp-content/uploads/2021/12/Informatics-Annual-Report-2021.pdf#page=6 |archive-date=2023-02-23 |access-date= |website=Informatics Education Ltd.}}
- 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
Informatics Education lists of country of operations and or branches, affiliation, and subsidiaries:{{Cite web |title=List Of Subsidiaries |url=http://www.informaticseducation.com/wp-content/uploads/2021/12/Informatics-Annual-Report-2021.pdf#page=41|website=Informatics Education Ltd.}}
| class="wikitable sortable" style="text-align:center;" |
| Corporate name
!Place of incorporation !Principal activities !Functional currency !Percentage of ownership |
|---|
| Informatics Academy Pte Ltd
|Computer and business education and training, business management consultancy and child development |SGD |100% |
| Informatics International Pte Ltd
|Singapore |SGD |100% |
| Informatics Global Campus Pte Ltd
|Singapore |Dormant |SGD |100% |
| Informatics Computer Education Sdn Bhd
|Dormant |MYR |100% |
| Singapore Informatics Computer Institute (Pvt) Ltd
|Doramnt |LKR |100% |
| Informatics Education (HK) Ltd
|Computer education and training |HKD |100% |
| Informatics Education UK Ltd
|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)
|Consultancy |CNY |100% |
= Affiliation in Philippines =
- Informatics Holdings Phils. Inc. (Informatics Philippines) - is an independently owned and operated local educational institution.
Finances
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.{{Cite web |title=Financial Results |url=http://www.informaticseducation.com/investor-media-centre/financial-results/ |access-date=2023-02-23 |website=Informatics Education Ltd. |language=en}}
| class="wikitable" style="text-align:center;"
!Year !Revenue !Net income / loss !Total assets |
| align="left" |2020
|10.9 |0.019 |2.86 |
| align="left" |2021
|7.2 |0.020 |3.67 |
| align="left" |2022
|6.5 |(0.013) |2.74 |
References
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