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The history of SEGi Group dates back to 1977 when it established its first Systematic College in the heart of Kuala Lumpur's commercial district by offering professional qualifications such as LCCI, ACCA and ABE.
With increasing demand for higher academic and professional qualifications in Malaysia, the private higher education industry has been experiencing significant growth since the 1970s. In tandem with the industry, the SEGi Group (formerly known as Systematic Group) grew considerably and expanded its range of courses and market reach through setting up of more colleges as well as acquisitions.
On May 16, 1995, the Systematic Group was listed on the KLSE Second Board under the name of Systematic Education Group Berhad at an IPO price of RM1.90. The share price traded as high as RM15.90 per share in 1996.
In 2001, the Group embarked on an extensive corporate exercise. Through a reverse takeover, the Group included in its stable Berrington Bay Corporation Sdn Bhd, Summit Education Sdn Bhd and Summit Montessori Edu-Care Sdn Bhd from Kumpulan Emas Berhad (now EcoFirst Consolidated Berhad), a Bursa Malaysia Main Board listed company who currently holds 25.65% of SEGi. The acquisitions resulted in the Group owning PRIME College (which offers 'A' levels and engineering courses), MSC International College (which offers art related courses like interior design, graphic design, drama & theatre, etc), Summit International College (which offers early childhood training programs), and a number of Montessori nursery schools and kindergartens. The Group also acquired IBMS College (Kuching-based), and IFPA Resouces (which provides financial planning courses such as the popular Certified Financial Planner program or CFP).
All in all, the corporate exercise saw the merger of 14 major colleges and a number of schools and education centers to form the new SEGi Group. The merger and acquisitions were completed for a total consideration of RM68.588 million, satisfied by issuing 52.528 million new SEGi shares and by cash payment of RM2.796 million.
Subsequently on 8 April 2002, the name SEG International Bhd, or SEGi in short, was adopted to reflect the new identity and direction of the SEGi Group.
The year 2006 marked a new beginning for the SEGi Group as it undertook a merger and consolidation exercise to position itself under the single brand name of "SEGi College".
The consolidated SEGi College group today comprises 6 campuses located in key city centres: SEGi College Malaysia, SEGi College Subang Jaya, SEGi College Kuala Lumpur, SEGi College Penang, SEGi College Sarawak and SEGi Training Centre, Seri Kembangan.
The SEGi College group offers industry-relevant programs from pre-university to doctorate degrees, as well as professional qualifications. And courses offered range from the traditional business studies to other fields of studies including pharmacy, nursing, dentistry, engineering, media, arts and design, hotel and tourism, computing and early childhood education. |
