All of these Asian operations are wholly owned, a position that under current regulations would be difficult if not impossible to replicate in Malaysia, Thailand, Indonesia and China.

The 4 colleges, located in Melbourne and Sydney, are owned by the Meridian Group (also named the Global Campus Management Group). They mainly offer vocational education and training to Asian students.

It is now an obvious takeover target for a big Western oil company or an ambitious Asian state-owned firm.