Following the official acquisition of a majority stake in R.E.A.L Education Group by Paramount Corp Bhd early this year, R.E.A.L officially hosted a delegation from Paramount Corp at its head office on 9 May 2017 to welcome and celebrate the merger between the two Groups. Present at the ceremony were Chairman of Paramount Corp Bhd, Dato’ Teo Chiang Quan; Group Chief Executive Officer, Mr. Jeffrey Chew Sun Teong and Chief Executive Officer of Paramount Education, Datin Teh Geok Lian.
The ceremony commenced with a short video presentation followed by a speech from Dato’ Teo, in which he emphasized that both R.E.A.L and Paramount should take this opportunity to move forward stronger and greater as one. “I encourage everyone to leverage on the strong spectrum of educational offerings for us to upscale our education capacity and capabilities,” he said.
In his speech, Paramount Group CEO Mr. Jeffrey Chew remarked, “We look at R.E.A.L as an expansion of what we have to bring ourselves to agree with the masses”. He also commented that this coming together reminded him of a wedding, which he thought was a good metaphor and referring to it as a ‘marriage’ of two key players in the education industry especially in the K-12 segment. “We hope that this so-called marriage is going to be long, successful and beneficial to everyone in both Paramount Corp and R.E.A.L Education Group,” he added.
When asked about Paramount’s future plans that involve R.E.A.L during the Q&A session, Mr. Jeffrey explained, “R.E.A.L would be operating independently in the first two years of the merger and during these two years, while we are learning about each other, we would like to incorporate two sets of principles, which are integration and synergy”.
Datin Teh, CEO of Paramount Education, defined good education as the ability to find happiness on your own terms. “In KDU, we try to help every kid shine in their own way and time,” she shared. With a corporate mind but a parent’s heart, she continued, “Whatever we do, other than making sense for the organization and stakeholders, the most important thing is that it must make sense for the children and parents. That is the reason we are in education”.
I encourage everyone to leverage on the strong spectrum of educational offerings for us to upscale our education capacity and capabilities.
~ Dato’ Teo Chiang Quan, Chairman of Paramount Corp Bhd
President of R.E.A.L Education Group, Mr. Ee Ching Wah in his closing speech said, “As founders of R.E.A.L Education Group, we are always challenged to see how we can continue to make sure that R.E.A.L continues to thrive after us, and this succession planning and leaving a legacy is what actually got us into this exercise in the first place”. Before ending the ceremony, he remarked, “Combined, I believe we can do a lot more, and I’ve got a feeling that we are on to something great”.
On that note, the VIPs were brought on a tour of the head office and introduced to all staff. Their busy itinerary then continued with visits to each of R.E.A.L’s business units; with the venues being R.E.A.L Kids Bukit Jelutong, R.E.A.L Schools, Shah Alam Campus and Cambridge English For Life’s head office; and similarly getting acquainted with the management and staff there. Overall, it was a day well spent with both parties from R.E.A.L and Paramount getting to know each other better in the hope of a more fruitful future together.