PETALING JAYA: Tropicana Corp Bhd is seeking to recover possession of the premise of St Joseph’s Institution International School Malaysia (Tropicana Petaling Jaya Campus).
In a statement, Tropicana Corp said its subsidiary Tropicana Education Management Sdn Bhd, being the lessor of the premise, has granted much indulgence on rental payments as its efforts to support the school’s operator, Lasallian Asia Partnership for International Schools Pte Ltd (Lapis).
“Currently, nine months of rental are in arrears amounting to more than RM10mil,” said the statement.
“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,” said Tropicana group CEO Lee Han Ming.