Cosmopoint geared for listing !

Information Technology (IT) and multimedia education provider Cosmopoint Sdn Bhd is being geared towards listing on the second board of Bursa Malaysia by the 3rd quarter of 2005. Its President Datuk Idris Mohd Satha said that as education is a very competitive business, going public would enable them to raise funds to expand and build their own campus. The campus which is estimated to cost around RM80mil, is expected to be operational in the next two to four years.

Cosmopoint also has plans towards university status and they expect the application to run parallel with the listing exercise.

Datuk Idrus said Cosmopoint aimed to become a ?small but very niche? university specialising in IT, engineering, creative arts and other technically oriented courses. They also plan to introduce post-graduate studies in IT after successfully starting an IT degree programme early this year. They have intention of offering a degree in business management by year-end.

As a further step to Cosmopoint?s expansion drive overseas, they have entered into a joint venture with Yayasan Panglima Besar Soedirman to set up an institution in Jakarta, Indonesia, with courses starting in September. Cosmopoint also intends to set up office in Manila, the Philippines.

Datuk Idrus informed that they would be transferring their knowhow and technology as well as conducting faculty training in these two countries. Twinning programmes will also be offered to foreign students to study in Malaysia.

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