Our wholly owned Malaysian subsidiary, Formind Global Holdings Sdn. Bhd., entered a student recruitment and support services agreement with City Education Sdn. Bhd., an operating entity connected with City University Malaysia.
Under the agreement, Formind Global is eligible to receive fixed per-student commissions for qualifying students who are successfully recruited, accepted, enrolled and paid in accordance with the agreement.
Performance-based economics
The structure links compensation directly to successful enrollment and payment. The agreement is non-exclusive and does not provide for guaranteed student numbers or minimum revenue.