BANGSAR, 18 January 2016 – Media Prima Berhad (“Media Prima” or “the Group”), Malaysia’s leading fully-integrated media investment company today announced that it’s wholly owned subsidiary, Sistem Televisyen Malaysia Berhad (“STMB”), has entered into a Joint Venture Agreement (“Agreement”) with South Korea’s CJ O Shopping Co. Ltd (CJO) to set up a company to establish and operate a home shopping business in Malaysia.

The shareholding structure of the Joint Venture Company will be STMB 51% while CJ holds 49%. The financial commitment of the JV shall be funded from internally generated funds with eventual issued and paid-up capital of RM65 million divided into ordinary shares of RM1.00 each.

Commenting on the Agreement, Encik Mohamad Ariff bin Ibrahim, Group Chief Financial Officer of Media Prima said “We are excited to partner with CJ O Shopping Co. to offer a new home shopping experience to Malaysians. This partnership will see STMB and CJO optimise the combined strength and experience of our respective fields, namely television broadcasting and content creation in Malaysia (STMB) and years of international business expertise in the home shopping business (CJO). The agreement is in line with Media Prima’s strategic plans to identify and realise new revenue opportunities for the Group”.

The launch date of the home shopping business will be announced soon.

CJO is principally engaged in the Home Shopping business. It was incorporated in Korea in 1994 and is listed on KOSDAQ (Korea Exchange).



  1. I was recommended this blog by my cousin. I’m not sure whether this post is written by him as nobody else
    know such detailed about my difficulty. You’re wonderful!

  2. great issues altogether, you simply received a
    logo new reader. What might you recommend in regards to your submit that you just made a few
    days ago? Any positive?

  3. Hey great website! Does running a blog like this require a great deal of work?

    I have virtually no knowledge of computer programming but I had been hoping to start my own blog soon.
    Anyways, should you have any recommendations or tips for new
    blog owners please share. I know this is off topic however I just had
    to ask. Cheers!

  4. Undeniably believe that which you said. Your favorite justification seemed to be
    on the web the easiest thing to be aware of. I say to you,
    I certainly get annoyed while people consider worries that they just do not know about.
    You managed to hit the nail upon the top and also defined out
    the whole thing without having side-effects , people could take a signal.
    Will likely be back to get more. Thanks

  5. Unquestionably imagine that that you stated.

    Your favorite reason seemed to be on the net the
    easiest thing to consider of. I say to you, I certainly get annoyed at
    the same time as folks think about issues that they plainly do not
    recognise about. You managed to hit the nail upon the highest and also
    outlined out the entire thing with no need side effect , other people
    can take a signal. Will likely be back to get more. Thanks

Leave a Reply

Your email address will not be published.

Post comment