KUALA LUMPUR: CIM Equities Research is upbeat on Astro Malaysia Holdings’s (AMH) foray into home shopping in Malaysia following its tie-up with South Korea’s home-shopping company, GS Home Shopping Inc (GSHS).
It said on Wednesday, AMH’s unit Astro Retail Ventures Sdn Bhd (ARV) would hold a 60% stake in the JV company and GSHS the remaining 40%. AMH's initial capital investment is expected to be around RM42mil.
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