Company Background
Informatics was incorporated in Singapore on 20 July 1983 with the name Bitec Computer Centre Pte Ltd. It commenced operations on 15 August 1983 using the business name Informatics Computer School. On 13 December 1988, the Company changed its name to Informatics Hldgs Pte Ltd and to its present name when it was converted to a public limited company on 19 March 1993.
Over the years, the Group has expanded geographically and today, through its subsidiaries, associate companies and franchises, its operations are spread throughout Asia, Middle East and Africa.
The principal activities of the Group comprise information technology (IT) training and education, business training and education, and IT products, services and other activities. The principal activities of the Company are those of investment holding, franchisor for computer and commercial training centres, and examination facilitators. The Company also operates under the names Informatics International, Informatics Academy, Informatics Consulting, Thames Management Centre International, Thames Academy, Thames International and Computer Assisted Learning International, being sole-proprietorships registered under the name of the Company. In 1999, the Group launched PurpleTrain.com, an internet virtual learning university.
Please note that in connection with the Rights Issue that was undertaken by the Company and completed on 31 December 2005 (the "Rights Issue"), a Whitewash Waiver was granted by the Securities Industry Council of Singapore whereby Tan Sri Dato' Seri Vincent Tan Chee Yioun ("Tan Sri") and his concert parties are waived from the requirement to make a mandatory general offer for the Company under Rule 14 of the Singapore Code on Take-overs and Mergers (the "Code") arising from the acquisition by Tan Sri and his concert parties of rights shares and/or new shares upon the exercise of warrants issued pursuant to the Rights Issue. Further details of the Whitewash Waiver and the Rights Issue are set out in the Circular to Shareholders dated 10 November 2005, the Offer Information Statement of the Company dated 14 December 2005 and the Disclosure Notice pursuant to Note 2 on Section 2 of Appendix 1 of the Code, all of which copies can be downloaded from the SGX-ST website or obtained from the registered office of the Company.
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