KUALA LUMPUR (Dec 12): UNITED MALAYAN LAND BHD [] is teaming up with Raffles Campus Pte Ltd for the proposed development of an international school for use by Raffles as its Johor campus.
It said on Monday UM Land’s unit Seri Alam PROPERTIES [] Sdn Bhd would also sell a piece of freehold land, measuring 19.71 acres, in Plentong, Johor, for RM10.83 million to Raffles.
Elaborating on the deal, UM Land said the shareholders agreement would see both parties setting up a joint venture company, Raffles Campus (Seri Alam) Sdn Bhd to develop an international school for use by Raffles as its Johor campus.
To recap, Raffles is a unit of Singapore’s Strategic TECHNOLOGY [] for Education and Academic Management Pte Ltd which in turn is 70% held by Strategic Foundation Ltd (a not-for-profit organisation).
It said on Monday UM Land’s unit Seri Alam PROPERTIES [] Sdn Bhd would also sell a piece of freehold land, measuring 19.71 acres, in Plentong, Johor, for RM10.83 million to Raffles.
Elaborating on the deal, UM Land said the shareholders agreement would see both parties setting up a joint venture company, Raffles Campus (Seri Alam) Sdn Bhd to develop an international school for use by Raffles as its Johor campus.
To recap, Raffles is a unit of Singapore’s Strategic TECHNOLOGY [] for Education and Academic Management Pte Ltd which in turn is 70% held by Strategic Foundation Ltd (a not-for-profit organisation).
