KUALA LUMPUR: Asia Pacific Land Bhd (AP Land), one of the oldest property groups in Malaysia, is diversifying into the education sector in a move to enhance its earnings base. The group yesterday announced that its wholly owned subsidiary Khas Cergas Sdn Bhd had entered into a conditional sale of business agreement with Dynamic Master (M) Sdn Bhd to acquire Victoria International College in Klang and Kuala Lumpur. Khas Cergas will buy Victoria International for RM2.5 million, to be settled by RM1.35 million cash and properties in Bandar Tasik Puteri worth RM1.15 million, it said.
(15-1-2008 The Edge)
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