RYB deal in Singapore

RYB Education Inc, a Chinese early childhood education services provider, announced its purchase of about a 70 percent stake in a Singapore-based private childhood education group for 125 million yuan ($18.5 million), domestic news site jiemian.com reported on Sunday.

The company also intends to change its name from RYB Education to GEH Education. The moves stem from the company’s efforts to expand its brands and services, according to the report.