Tan Sri Ter Leong Yap said MindChamps is the perfect fit to complete its education ecosystem at Sunsuria City, which comprises primary and secondary level schools, Year 7 to Year 13 schooling under Concord College Malaysia, as well as tertiary education via Xiamen University Malaysia. and Victoria Education Sdn Bhd have teamed up to establish and operate preschools under the award-winning MindChamps PreSchool Ltd brand name.
A joint statement said Victoria Education would hold a 70% stake in the joint-venture (JV) company while Sunsuria Arena Sdn Bhd would hold the remaining 30%.
Sunsuria Arena is a unit of Sunsuria Bhd while Victoria Education’s parent company is Paragon Education Group, which is the master franchisee of Singapore-based MindChamps in Malaysia.
Sunsuria, Victoria Education in joint venture to bring MindChamps PreSchool to Malaysia 12 Mar 2021 / 09:30 H. Victoria Education is a wholly owned subsidiary of Paragon Education Group, the master franchisee of Singapore-based MindChamps in Malaysia. – MindChamps website
PETALING JAYA: Sunsuria Bhd and Victoria Education Sdn Bhd have entered into a joint-venture (JV) agreement to foray into the preschool education space.
Under the shareholders’ agreement between Victoria Education and Sunsuria’s wholly owned subsidiary Sunsuria Arena Sdn Bhd, both companies will incorporate a joint-venture company – with 70% and 30% shareholding respectively – to establish and operate preschools under the award-winning MindChamps PreSchool Ltd brand name.
Victoria Education is a wholly owned subsidiary of Paragon Education Group – the master franchisee of Singapore-based MindChamps in Malaysia.