Arowana to use IPO cash to expand in Asia

Arowana’s managing director says the firm will use the proceeds from its sale of shares in Intueri to invest in new schools in South-East Asia.

Arowana International’s managing director Kevin Chin said the company will use some of the proceeds from the initial public offering of its New Zealand education business Intueri to establish up to 10 schools in South-East Asia in the next three years.

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