Japan's Kadokawa takes up 80% in Malaysia's ASG

KUALA LUMPUR: Japan’s leading entertainment content provider Kadokawa Corp,which has taken a 80% stake in Malaysian Art Square Group (ASG) via its Hong Kong publishing company Kadokawa Holdings Asia Ltd (KHA), has inked a memorandum of understanding (MoU) with InvestKL, to help both parties expand their business into South-East Asia and the Middle East.

The ceremony also marked the rebranding of the acquired entity ASG, a publisher of comics and children’s books, to Kadokawa Gempak Starz (KGS).