Erajaya announces joint ventures in Singapore and Malaysia

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Indonesia-based distributor and retailer Erajaya Group has announced joint ventures in both Singapore and Malaysia. Erajaya has formed a joint venture with Alphabright to set up Era International Network in Singapore. The company has also teamed up with Malaysian citizen Li Chau Ging to form Era International Network in Malaysia. The moves form part of Erajaya’s plan to expand its distribution and retail footprint in both countries.
Alphabright, which was established a year ago, is the sole distributor of ZTE mobile phones in Singapore. Erajaya will hold a 70% stake in Era International Network in Singapore, with Alphabright controlling the remaining 30%.
Erajaya will hold a 95% stake in Era International Network in Malaysia, with Li Chau Ging controlling the remaining 5%. The new venture in Malaysia builds on Erajaya’s purchase of a 60% stake in CG Computers in 2014 – a business that included Apple reseller Switch. Li Chau Ging is an existing business partner for Erajaya in Malaysia due to the company’s prior investment in CG Computers.
Questions & Answers
Q.What is the primary goal of Erajaya's expansion into Singapore and Malaysia?
What is the primary goal of Erajaya's expansion into Singapore and Malaysia?
The moves are part of Erajaya’s strategy to expand its distribution and retail presence in both Singapore and Malaysia.
Q.What is Alphabright's existing business activity in Singapore?
What is Alphabright's existing business activity in Singapore?
Alphabright, established a year ago, is currently the sole distributor for ZTE mobile phones in Singapore.
Q.What is Li Chau Ging's previous business connection with Erajaya in Malaysia?
What is Li Chau Ging's previous business connection with Erajaya in Malaysia?
Li Chau Ging was an existing business partner through Erajaya’s prior investment in CG Computers, which included the Apple reseller Switch.
Q.What percentage ownership will Erajaya have in the new Malaysian joint venture?
What percentage ownership will Erajaya have in the new Malaysian joint venture?
Erajaya will hold a 95% stake in Era International Network in Malaysia, with Li Chau Ging controlling the remaining 5%.
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