S Chand Completes Acquisition of CPD Singapore Education Services for SGD 1,500,000
S Chand And Company Limited completed the acquisition of CPD Singapore Education Services Pte. Limited for SGD 1,500,000 through its subsidiary New Saraswati House. The deal, finalized on January 30, 2026, involved acquiring 100% ownership through subscription of SGD 535,000 for fresh shares and purchase of SGD 965,000 from existing shareholders. CPD Singapore, incorporated in 2015, specializes in international curriculum publishing and reported consistent revenues of SGD 891,000 in 2024. The acquisition provides S Chand exposure to international curriculum markets and expands its presence in Middle East, South Asia and SAARC regions.

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S Chand & Company has successfully completed the acquisition of CPD Singapore Education Services Pte. Limited through its wholly owned subsidiary New Saraswati House (India) Private Limited. The transaction, valued at SGD 1,500,000, was finalized on January 30, 2026, as disclosed to stock exchanges under Regulation 30 of SEBI Listing Regulations.
Acquisition Structure and Value
The acquisition was structured in two tranches with a total consideration of SGD 1,500,000. The deal involved both subscription to fresh shares and purchase of existing equity from management shareholders.
| Component | Amount | Details |
|---|---|---|
| Subscription | SGD 535,000 | Fresh issuance of shares |
| Purchase | SGD 965,000 | Acquisition from existing shareholders |
| Total Consideration | SGD 1,500,000 | Complete 100% ownership |
About CPD Singapore
CPD Singapore Education Services Pte. Limited was incorporated on November 27, 2015, in the Republic of Singapore under the Companies Act 1967. The company operates from its registered office at 63 Hillview Avenue, Singapore, and specializes in education-support services and international curriculum publishing.
Business Operations
CPD Singapore's core business activities include:
- Publishing of International Curriculum (IB/IGCSE) school books
- Education-support services
- Publishing and distributing children's books
- Educational flashcards and related materials
Financial Performance
The company has demonstrated consistent revenue generation over the past three years:
| Year | Turnover (SGD '000s) |
|---|---|
| 2024 | 891 |
| 2023 | 958 |
| 2022 | 910 |
Strategic Rationale
The acquisition aligns with S Chand's expansion strategy and addresses specific portfolio gaps. The transaction provides two key strategic benefits:
- International Curriculum Exposure: Fills a gap in S Chand Group's portfolio by adding IB/IGCSE curriculum expertise
- Geographic Expansion: Increases exposure to international markets in Middle East, South Asia, and SAARC regions
Regulatory Compliance
The transaction does not fall under related party transactions, with no promoter or group company interests involved. No governmental or regulatory approvals were required for the acquisition, which was expected to complete by February 28, 2026, and has now been successfully finalized.
Following the completion, CPD Singapore has become a wholly owned subsidiary of New Saraswati House (India) Private Limited and consequently a step-down subsidiary of S Chand And Company Limited, strengthening the group's international education publishing capabilities.
Historical Stock Returns for S Chand & Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.09% | +1.68% | -2.21% | -25.47% | -15.50% | +142.50% |


































