KLSE (MYR): ASTRO (6399)
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Last Price
0.315
Today's Change
-0.005 (1.56%)
Day's Change
0.31 - 0.32
Trading Volume
5,218,500
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birkincollector
4,122 posts
Posted by birkincollector > 2023-10-02 18:52 | Report Abuse
https://theedgemalaysia.com/node/684554
KUALA LUMPUR (Oct 2): Astro Malaysia Holdings Bhd announced that it will close down its home shopping business “Go Shop” from Oct 11, citing “challenging overall economic landscape and the changes in consumer shopping behaviour”.
In a statement on Monday, Astro Malaysia Holdings Bhd said the group and its Korean joint venture partner GS Retail Co Ltd (GSR) have decided that Astro GS Shop Sdn Bhd (AGSS), which operates the home shopping business under the brand name “Go Shop”, will cease operations beginning Oct 11.
AGSS is a joint venture between Astro Malaysia’s wholly owned subsidiary Astro Retail Ventures Sdn Bhd (holding 60% equity interest) and GSR (the balance 40%).