Tropicana Seeks Possession Of St Joseph School With Nine Months Rental Arrears

October 18, 2021

Tropicana Seeks Possession Of St Joseph School With Nine Months Rental Arrears

Tropicana Education Management Sdn Bhd, a subsidiary of Tropicana Corporation Berhad, being the lessor of the premise which is operated as the St Joseph’s Institution International School Malaysia (Tropicana PJ Campus) (“School”) has granted much indulgence on rental payments as its efforts to support the School operator, Lasallian Asia Partnership for International Schools Pte Ltd (“LAPIS”).

After years of continuous follow-ups, as well as countless notices and reminders, substantial amounts of rental continue to be in arrears with no indication from the operator on any payment plans. Currently, nine months of rental are in arrears amounting to more than RM10 million. 

Lee Han Ming, Tropicana’s Group Chief Executive Officer shared the Group’s vision to build a strong and sustainable learning centre and hope that both parties could settle this amicably. 

“It is our long-standing commitment to building a quality neighbourhood where our community can live, learn, work, play and prosper. Unfortunately, even after countless attempts and repeated reminders, we are disappointed with how LAPIS had handled this matter.

“As a corporation, we take things seriously and we owe duties to our shareholders to collect rental investment income. Our team as well as our lawyers have tried reaching out to them for many months to resolve this but to no avail.

“It is disheartening that we have to repossess the premises.” he said in a press release.

Image source from St Joseph’s Institution International School Malaysia (Tropicana PJ Campus)

 

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