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BRIEF-Astro Malaysia Holdings Proposes JV With Grup Majalah Karangkraf
December 6, 2017 / 9:28 AM / 10 days ago

BRIEF-Astro Malaysia Holdings Proposes JV With Grup Majalah Karangkraf

Dec 6 (Reuters) - Astro Malaysia Holdings Bhd:

* PROPOSES JV WITH GRUP MAJALAH KARANGKRAF SDN IN RELATION TO UNIT‘S INVESTMENT IN KARANGKRAF DIGITAL 360 SDN

* UNIT TO BUY 51% STAKE IN KK360 FOR 100 MILLION RGT, TO BE PAID IN TRANCHES & SUBJECT TO REDUCTION MECHANISM

* PURSUANT TO AGREEMENT, GMK TO TRANSFER 38 INTELLECTUAL PROPERTIES TO KK360 FOR 96 MILLION RGT Source text: (bit.ly/2jZ9z2j) Further company coverage:

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