Maple Leaf Educational Systems, an international schools operator, agreed to acquire Canadian International School, a premium international school in Singapore, for $500m. “The acquisition of CIS is an excellent fit with our strategy to grow internationally and gives MLES a base in the attractive international school sector in Singapore. Following the acquisition, overseas schools will generate approximately 30% of MLES’s total revenue. The combination of CIS and MLESwill enhance the competitive position of the Group in the ASEAN region, and support MLES’s long-term growth and business prospects,” Sherman Jen, MLES Chairman.