Ekuinas may buy up remaining stake in APIIT prior to listing

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.