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The Loy family, which is behind the group, is working with a financial adviser on the potential stake sale in the unit, which comprises Taylor’s University in Malaysia and British University in Vietnam, Bloomberg reported, citing people familiar with the matter.
The value of the deal could reach $400 million.
Taylor’s Education Group operates schools, colleges and universities with over 22,000 students in Malaysia, Singapore and Vietnam. It is headed by family patriarch and group executive chairman Loy Teik Ngan.
Established in 2009, British University in Vietnam grants degrees from the U.K.’s University of London and Staffordshire University to its students in Vietnam.
