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Astro plans to invest RM110mil in JV with GMK


PETALING JAYA: Astro Malaysia Holdings Bhd’s unit has proposed to invest RM110mil in a joint venture (JV) with Grup Majalah Karangkraf Sdn Bhd (GMK) to provide content in Malaysia and Indonesia.

In a filing with Bursa Malaysia, Astro said its wholly owned subsidiary Astro Digital Sdn Bhd (ADSB) had entered into a conditional JV agreement with GMK and GMK’s wholly owned unit KK360 for the creation and monetisation of content verticals in Malaysia and the Nusantara region.

Astro

   

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