Written by Joseph Chin of theedgemalaysia.com
Wednesday, 13 April 2011 14:02
KUALA LUMPUR: Masterskill Education Group Bhd (MEGB), its group CEO and PT Sejahteraraya Anugrahjaya Tbk (PTSA) are teaming up to look into the setting up of a university in Indonesia.
MEGB said on Wednesday, April 13 its unit Masterskill (M) Sdn Bhd had signed an MoU with PTSA and MEGB group CEO Datuk Seri Santhara Kumar A/L Ramanaidu to work together to teach and train MEGB’s students at the Mayapada Hospital. The next step is to form a joint venture company in Indonesia to set up Universitas Masterskill – Mayapada in Indonesia.
“The parties proposed to form a JV company in Indonesia with proposed paid-up capital of US$10 million wherein MEGB and Santhara will each hold a 30% stake and the remaining 40% by PTSA," it said. MEGB and Santhara would each invest US$3 million and PTSA US$4 million in the JV.
PTSA is listed on the Stock Exchange of Indonesia and is the owner of Mayapada Hospital in Indonesia.
Under the MoU, PTSA shall be responsible to obtain all approvals and consents for the establishment and operation of Universitas Masterskill–Mayapada.
The university will offer programmes in nursing and allied health education similar to the programmes offered by Masterskill University College of Health Sciences and Masterskill College of Nursing and Health.
MEGB said Masterskill would provide the standard operating procedures, curriculum and guidelines relating to the programmes in nursing and allied health education to be offered by Universitas Masterskill–Mayapada.
The parties would be responsible in renovation works to the buildings of Universitas Masterskill–
Mayapada.
They would also be jointly responsible and take reasonable steps in the recruitment of students to study in Universitas Masterskill–Mayapada.
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