Raffles Education sets up Malaysian unit to operate American school

Raffles Education Corporation, the private education provider in the Asia Pacific region, says it has set up of a new subsidiary company in Malaysia known as Raffles K12 Sdn. Bhd. to operate an American System school that will enrol students from Kindergarten to Grade 12 level.

Raffles K12 has an issued and paid-up capital of RM200,000 ($81,380) which is 69% held by Raffles Education Malaysia, a wholly-owned subsidiary of Raffles Education Corp and 31% held by Bumiputera joint venture partner, Ringgitvale Sdn. Bhd.