KUALA LUMPUR: Tune Group and ECM Libra Financial Group Bhd, via joint venture vehicle Tune Plato Ventures Sdn Bhd, have collectively acquired a 50% stake in Malaysian home-sharing platform SubHome Management Sdn Bhd.
The value of the acquisition was not disclosed, though Tune Group is to play a supportive role to SubHome by providing operational support and controls through systems, processes, and expertise at Tune Hotels, as well as the eventual listing of SubHome rooms across Tune Group’s travel accommodation platforms.