Nurturing young talents at Matrix Global Schools CHAIRMAN’S STATEMENT The Group has in place a clear growth roadmap for the future to ensure its long-term role as a premier property developer and responsible community builder for the nation. This roadmap includes acquiring adequate landbank to ensure the sustainability and growth for the next 20 years. To further reinforce this long-term growth strategy, the Group has entered into a Sale & Purchase Agreement to acquire 1,382 acres in Negeri Sembilan with the completion expected in year 2024. As at 31 March 2023, the Group’s total landbank stands at 2,203.7 acres. INTERNATIONAL PROJECTS The Group has broadened its horizons internationally and projected its established name further. The launch of the Group’s third and latest Australian project, M333 St. Kilda in Melbourne, is a further testimony of its acceptance as a reputable property developer and construction company. The Group’s earlier projects, M. Carnegie and M. Greenvale, launched in 2016 and 2019 respectively, has proven itself the successful trail blazer in the Group establishing its development footprint in Melbourne. In Indonesia, Menara Syariah, a RM1 billion joint venture participation, has reached its 90% construction mark as of to date. Our presence in this grown market is attracted by its huge population, growing middle income group, rising purchasing power and commercially attractive property sector. The twin-tower, 29-storey Menara Syariah building is the company’s first Indonesian joint-venture (“JV”) project with local partners. Launched in 2019, it represents the first phase of our participation in developing the Islamic Financial District in PIK 2, which aims to attract leading international and domestic corporations to create a vibrant international commercial hub. EDUCATION On the education front, Matrix Global Schools (“MGS”) is experiencing a positive upturn, with total student enrollment of 659 students in FY2023 over 611 in FY2022, representing an increase of 7.9%. This is in part supported by the nation’s transition to the endemicity phase and growing assurance of public health and safety but more so, of the growing recognition of its high standards as an accredited teaching institution in Malaysia. MGS steadfastly maintains its established credentials of being the Top 5 teaching institutions in the country in the category of Private International Schools and Private Schools. This is reinforced by its academic prowess with outstanding IGCSE results of 99% passes, of which 47% of its students achieved A*-A and a further 87% achieving A*-C. The school believes in providing a holistic education beyond just academics and has incorporated various other aspects including a sporting curriculum and the performing arts. MGS has also re-established its English support centre to cater to the growing demand from the China and Korean market for a reputable teaching institution. HEALTHCARE Since the Group’s acquisition of the management of operations of Mawar Medical Centre (“Mawar”) in FY2020, it is now recognised as a healthcare centre of choice by the local community and its surrounding area. This is evident in the increased patient load with 56,089 patients in FY2023, representing an increase of 54.2% (FY2022: 36,378) yearon-year. Such is its demand that its current bed capacity of 48 beds has been increased to 57 beds in FY2023. INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 31
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