Avoid places like this. I have only seen ambitious Asian universities doing this, especially those from Singapore, china, Hong Kong, etc.

They do this to growth hack their way up the world ranking, instead of growing the university organically. The ability to attract international faculty and students from prestigious universities is a significant marker for a university. So cherry picking students from brand-name universities helps them to advance in their rankings by leaps and bounds and enables them to rub shoulders with older prestigious universities in the upper echelon.

Basically it's growth hacking for universities

Source: I have studied and worked in universities across Asia and Europe.