KUALA LUMPUR: MST Golf Group Bhd
is exploring a partnership with PT Sinar Eka Selaras Tbk (SES), also known as Erajaya Active Lifestyle, to establish a joint venture named PT MST Golf Indonesia (MGI) in Indonesia.
Indonesia Stock Exchange-listed SES is a leading provider of multi-brand retail and distribution solutions for active lifestyle products in Indonesia, and is a business vertical of PT Erajaya Swasembada Tbk.
"We are thrilled to partner with Erajaya Active Lifestyle on this exciting joint venture, which aligns perfectly with our strategic expansion plans whereby we intend to enter into joint ventures with a strong local retail player, contributing our operational expertise while leveraging our local partners' infrastructure and knowledge in the retail industry, including importation and logistics, human resources management, and compliance with local regulations," said Ng Yap, executive director and group CEO of MST Golf
The proposed collaboration is in line with MST Golf’s regional expansion plans to penetrate new geographical area in Indonesia, Thailand and Vietnam.
Under the agreement, MST Golf will hold 51% stake in the JV while Erajaya Active Lifestyle will own the remaining 49% equity interest.
