Ekuinas launching the holding company of its education portfolio, Ilmu Education Group (ILMU) by from (right) Dato Seri Idris Jusoh minister of high education , Senator Dato Sri Abdul Wahid Omar minister in the prime minister's department and Dato Abdul Rahman Ahmad Chief Executive Officer of Ekuiti Nasional Berhad.(File picture dated 15/09/2015/ by S.S.KANESAN/The Star)
PETALING JAYA: Diversified group Sapura Resources Bhd
(SapRes) has caught the attention of investors, thanks to its education business that is somewhat seen as a beneficiary to the impending listing of Ilmu Education Group Bhd.
Ilmu is the education arm of state-backed private equity firm Ekuiti Nasional Bhd (Ekuinas) and currently holds a 51% stake in the APIIT Education Group, which it acquired from SapRes in 2010 for RM102mil. The remaining 49% stake is still held by SapRes.
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