Saturday 27 Apr 2024
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KUALA LUMPUR (Sept 19): Eduspec Holdings Bhd is teaming up with KidZania owner and operator Rakan Riang Sdn Bhd to provide Science, Technology, Engineering and Mathematics (STEM) related initiatives.

KidZania is an interactive learning edutainment theme park for kids to role-play adult activities designed to imitate real-life situations.

In a statement today, Eduspec said the parties signed a Memorandum of Understanding (MoU) yesterday to set the framework in exploring opportunities to create a strategic business partnership.

Under the MoU, the parties agree to enter negotiations to set up an Eduspec-branded establishment in KidZania Kuala Lumpur, as well an Eduspec-branded attraction at Level 4 of the The Curve Mall.

It said the project will debut Eduspec’s initiative to streamline the group STEM business model that targets parents and students beyond the current school market. The new business model involves the edutainment industry as well as learning centres, it said.

Eduspec’s shares closed down 0.5 sen or 12.5% to 3.5 sen, with 1.22 million shares traded, for a market value of RM35.06 million.

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