Education ministry approves relocation of Lai Meng School and Kindergarten

KUALA LUMPUR: The Ministry of Education has approved the relocation of Lai Meng School and Kindergarten from Jalan Ampang to Bukit Jalil, Magna Prima Bhd announced on Bursa Malaysia on Thursday, July 1.

In an announcement on March 23, 2009, the Group entered into a conditional sales and purchase agreement via its wholly owned subsidiary Twinicon Sdn Bhd with Lai Meng Girls’ School Association to acquire the 2.6-acre land parcel, including the buildings, for RM148.2 million.

In acquiring the land, the Group had to build a new school in Bukit Jalil on a 5.5-acre land parcel for the school and kindergarten to relocate to.

Once the acquisition is completed, Magna Prima aims to demolish the existing structures to make way for further development and capitalise on the prime location of the land, which is a short distance from the Kuala Lumpur Twin Towers and various commercial amenities.