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Power Root in JV with Robert Kuok’s Golden Screen Cinemas
by Cals Sat 27 Jul 2013, 01:36
Power Root in JV with Robert Kuok’s Golden Screen Cinemas
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Friday, 26 July 2013 18:04
KUALA LUMPUR (July 26): Power Root Bhd, a beverage products manufacturer, is diversifying into movie production and distribution.
This comes under a joint venture with several firms including tycoon Robert Kuok's PPB GROUP BHD []’s wholly-owned unit Golden Screen Cinemas Sdn Bhd (GSC), Power Root told Bursa Malaysia today.
Power Root said it has signed a "shareholders’ agreement" with Clover Films Pte Ltd, GSC and Verygood Movie (M) Sdn Bhd.
Under the agreement, Power Root said it has subscribed to 51% equity interest in Medan Multimedia Sdn Bhd (MMSB) for RM15,300.
Clover, GSC and Verygood owns 20%, 19% and 10% respectively in MMSB.
Power Root said : "MMSB is principally engaged in the business of production, distribution, exhibition and marketing of movies. MMSB will be a subsidiary company of Power Root."
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Friday, 26 July 2013 18:04
KUALA LUMPUR (July 26): Power Root Bhd, a beverage products manufacturer, is diversifying into movie production and distribution.
This comes under a joint venture with several firms including tycoon Robert Kuok's PPB GROUP BHD []’s wholly-owned unit Golden Screen Cinemas Sdn Bhd (GSC), Power Root told Bursa Malaysia today.
Power Root said it has signed a "shareholders’ agreement" with Clover Films Pte Ltd, GSC and Verygood Movie (M) Sdn Bhd.
Under the agreement, Power Root said it has subscribed to 51% equity interest in Medan Multimedia Sdn Bhd (MMSB) for RM15,300.
Clover, GSC and Verygood owns 20%, 19% and 10% respectively in MMSB.
Power Root said : "MMSB is principally engaged in the business of production, distribution, exhibition and marketing of movies. MMSB will be a subsidiary company of Power Root."
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