Why one billionaire says there's 'no way' he'll list his education business on the stock market

div > div.group > p:first-child"> But what you'll never find listed on any stock exchange is its education arm.

As the sixth child in a large family whose father — the sole breadwinner — drove trucks, Cheah came from a humble background. He grew up in the small rural town of Pusing, Malaysia, and he saw the effects of poverty on families and on the education of children. He is known for the building of mega townships and for being a strong advocate of transforming livelihoods through education.

While not listing the education unit means turning away from potentially huge amount of funding, Cheah said the upside of his decision means the business will not be profit-driven. He won't be held to the demands of shareholders.

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Fonte: CNBC - 🏆 12. / 72 Leggi di più »