Directors - Boustead Holdings Berhad

University of Nottingham Malaysia Campus by night
Our investment in Asia Smart Cards Centre Sdn Bhd continued to provide good returns, marked by the
beginning of our EMV credit card personalisation exercise for a number of financial institutions. We capped
the year with more than three million cards personalised, reflecting the healthy growth in ATM user population.
EDUCATION
The University of Nottingham Malaysia Campus, owned and operated by University of Nottingham in
Malaysia Sdn Bhd, solidified its reputation as one of Malaysia’s premium education institutions. 2006 saw the
second phase of the University’s development in Semenyih being completed which included two additional
academic buildings, an Islamic Centre and an expanded sports facility.
The University’s KL Teaching facility in Chulan Tower was also completed during the year, offering broad
ranging part-time executive Masters level programmes.
With enhanced offerings, the student population of the University grew from 1,400 in the fourth quarter of
2005 to over 2,000 in the corresponding period. These factors played a role in reducing this year’s losses and
the Group foresees the University becoming profitable next year.
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