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Malvern International PLC   -  MLVN   

Sale of Malaysian Business

Released 12:39 23-Dec-2019

RNS Number : 8587X
Malvern International PLC
23 December 2019





23 December 2019




("Malvern" or the "Company")


Sale of Malaysian business

Malvern International plc (AIM: MLVN), the global learning and skills development partner, announces the sale of its Malaysian business, which offers local diploma, vocational and professional courses, to AAA Management Science Academy PLT for a total cash consideration of MYR 400,000 (approximately £75,000).

The cash consideration will be payable over a 13 month period and will be used towards the repayment of an existing bank loan in Malaysia. The proposed transaction is expected to complete on 31 December 2019.

In the year to 31 December 2018, Malvern's Malaysian business reported revenues of MYR 5.1 million and a loss before tax of MYR 1.7 million.

Sam Malafeh, CEO of Malvern, said: "We are pleased to have agreed the sale of the Malaysian business, which will now allow us to focus on growing our core operations in the UK and Singapore."


For further information please contact:


Malvern International Plc

Dr Sam Malafeh - Chief Executive Officer

Via Communications Portfolio

WH Ireland (NOMAD & Broker)

Mike Coe / Chris Savidge

+44 117 945 3470

Media enquiries

Communications Portfolio

Ariane Comstive

+44 7785 922 354


Notes to Editors:


Malvern International is a global learning and skills development partner preparing students and learners to meet the demands of a professional life.  Courses are delivered on sites in London, Manchester, Singapore, and Malaysia, with the option of studying across multiple campuses over the duration of the same course, and online through the Malvern Online Academy.


Courses include:

·     Higher Education: Diploma, University degree and post-graduate programs;

·     Pathway: pre-University programs;

·     Professional: Professional examinations preparation e.g. ACCA, and corporate training;

·     Junior: Tuition services for secondary school students; and

·     Language: English language teaching.


Established in the 1980s and admitted to AIM in 2004, Malvern employs approximately 250 people and delivers a wide range of courses.  Malvern's growth strategy is driven by organic growth initiatives complemented by strategic acquisitions.


For further investor information go to

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Sale of Malaysian Business - RNS