KLK Land to build private school at its flagship Bandar Seri Coalfields for benefit of residents
KLK Land, the property arm of Kuala Lumpur Kepong Berhad (“KLK”), is a publicly listed company on the Main Board of Bursa Malaysia Securities Berhad, is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with Wesley Methodist School (“WMS”), for the building and running of a private institution of learning at its Bandar Seri Coalfields (“BSC”) township. Phase 1 of the development will witness the setting up of a kindergarten and a primary school. There is also a proposal for a Phase 2 Secondary School with international syllabus.
The erection of the school is part of KLK Land’s ethos to organically establish vibrant communities through the pillar of education. The MOU itself is a clear sign and demonstration of its commitment to the community of BSC, and part of its efforts in building the future generation of youths who can contribute to the advancement of Malaysia. To date, over 1,500 units have been completed and handed-over in BSC. Its latest offering, Ixora Residences consist of 2-storey terrace homes, has seen a take-up rate of 85%, and targeted to be completed by first quarter of 2017. Ixora Residences comprises 226 units of landed homes.
“We have and always believe in the power of distinguish education to transform communities and contribute to the nation building process. WMS was selected because not only has it demonstrated a good track record in providing quality education (with WMS Kuala Lumpur achieving top results in the Sijil Pelajaran Malaysia Examination for 2014 and 2015 respectively) but more importantly, the school is geared towards character building which resonates well with our organization.” – Tan Sri Lee Oi Hian, CEO, KLK Land Berhad.
“We are very pleased to partner KLK Land for this project. I believe in the quotation that ‘children are the living messages we send to a time we will not see. It is also the stated ethos of the Methodist Church that with education as a cornerstone every child, regardless of race, religion or creed can succeed if placed in the right school environment.” – Rev. Dr. Ong Hwai Teik, Bishop of Methodist Church of Malaysia.
KLK Land Sdn Bhd is a wholly owned subsidiary of Kuala Lumpur Kepong Berhad, one of the leading plantation companies listed on the Main Market of Bursa Malaysia Securities Berhad. With a history that spans 110 years, KLK is also into resource-based manufacturing (i.e. oleochemicals, derivatives and specialty chemicals). KLK Land began venturing into property development in the 90’s by capitalizing on strategic location of its vast land banks in Sungai Buloh with projects such as Desa Coalfields, Sierramas, as well as the 1000-acre Bandar Seri Coalfields. Other land parcels earmarked for development are in various stages of planning & design including projects within Klang Valley and Iskandar Malaysia.
Wesley Methodist School is a rapidly expanding and sought after Malaysian private school for its fine discipline and excellent academic record in Malaysia. Having started in Kuala Lumpur, it has expanded its footprint to Ipoh, Klang, Melaka, Seremban, and Penang. With a vision to become The School of Excellence, Wesley Methodist School takes pride in providing a well-balanced, all-round education with strong emphasis on character development based upon good moral values, culminating in academic excellence and high standard of discipline.