GuocoLand: No bid to have varsity relocated

By BUSINESS TIMES

GUOCOLAND (Malaysia) Bhd said it has not made a bid to have University Malaya (UM) relocated from Kuala Lumpur to Sepang.

However, it is exploring opportunities to enhance shareholder value, the company said in a statement to Bursa Malaysia yesterday.

Separately, UM said it has no plans to relocate its current campus and that it is not talking with any parties on the matter.

“UM would like to state categorically that the university is not relocating from its current location nor is it in any negotiations with any parties to that effect,” Associate Professor and a director of UM’s international and corporate relations office, Dr Khoo Boo Teong, said in a letter to Business Times yesterday.

The country’s oldest university was responding to a Business Times article on Tuesday, which said that GuocoLand, a property developer controlled by tycoon Tan Sri Quek Leng Chan, may have made a bid to have the campus relocated to Sepang.

Khoo added that UM is of great historical, cultural and educational value to the nation, and one of its strengths is its current location.

Related Posts