NOTTINGHAM UNIVERSITY TO BUY OUT PARTNERS IN MALAYSIAN CAMPUS VENTURE
Writing on Tuesday 17 August 2021 for the Nottingham Post, Joshua Hartley reported that Nottingham University is preparing to secure the long term future of the university in the area by buying out its partners in its Malaysian Campus venture. The partnership, worth an estimated £23.5 million, has been in place for the last 20 years.
University of Nottingham to 'secure long-term future' of Malaysian campus in buy out
The university will buy out its partners after 20 years
The University of Nottingham today confirmed its intention to buy out its joint venture partners in the University of Nottingham Malaysia campus (UMN).
The university will buy out its Malaysian partner Boustead Holdings Berhad (BHB) and run UNM as the majority shareholder.
They say this will secure the long-term future of the University in the region and the 650 jobs and 5,200 students on its Malaysian campus.
The partnership has been in place for more than 20 years, in a deal with an estimated value of £23.5 million.
The University of Nottingham said that the purchase presented UNM with exciting opportunities to continue to deliver high quality British education globally, expand international research partnerships and extend operations in Malaysia and the ASEAN region.
The transition to majority ownership by the University of Nottingham will begin in the autumn.
University of Nottingham Vice-Chancellor Professor Shearer West said:
“Having recently celebrated 20 years of delivering world-leading research and education in Malaysia, we are looking forward to building the next 20 years of student success, research achievements and commitment to our global presence and impact.
“Together with the University’s other global campus in Ningbo, China, where we educate some 8,000 students each year, this will underscore the University’s position as the UK’s truly global university."
The creation of UNM in September 2000 is considered the first ever branch campus of a British university to be established outside of the UK, which started with a small cohort of 89 students in Kuala Lumpur.
In 2005, the University relocated to 48-hectare campus in Semenyih, and grew to its present size of more than 650 staff and 5,200 students drawn from across the ASEAN region and beyond.
Professor West added: "Nottingham represents the excellence, entrepreneurialism and global engagement that characterises the very best of British universities. This bold investment in our Malaysia campus will help secure our continued success and contribute to that of the UK as it forges its place on the global stage in a post-pandemic world.
“Our commitment to UNM and to Malaysia remains as strong as ever. This purchase will allow us to build on excellent foundations in teaching and research to develop new, innovative teaching programmes and research that supports sustainable development locally, regionally and globally.
"Degree courses and staff jobs at UNM will be secured for the long-term, and we are developing new strategies to chart our future in Malaysia with the same passion for education in the country that we have had since the start of the century.”
Boustead Holdings Berhad Group Managing Director Dato’ Sri Mohammed Shazalli Ramly said: “By placing UNM under the full stewardship of the University of Nottingham, we trust that UNM will continue to accomplish great things in the future. The University of Nottingham is an esteemed global institution and we extend our best wishes for all the upcoming endeavours of UNM.”