New Challenger subsidiary set-up in Malaysia
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Singapore-based retailer Challenger Technologies has set up a new wholly-owned susbidiary in Malaysisa. The new subsidiary, which is called Hachi MY, has been set up by Challenger Technologies’ wholly-owned Challenge Ventures unit. Announing the incorporation of the new subsidiary, Challenger stated that its principal business would be trading, retail, distribution and online trading if IT and lifestyle products and services.
Established in 1984 as an IT products retailer, Challenger Technologies now operates 40-plus stores consisting of superstores, mini stores, Valore concept stores and Musica stores across Singapore.
Questions & Answers
Q.What is the new subsidiary in Malaysia called?
What is the new subsidiary in Malaysia called?
The new wholly-owned subsidiary set up by Challenger Technologies in Malaysia is called Hachi MY. It was established by Challenger Technologies' Challenge Ventures unit to handle its operations there.
Q.What business activities will the new Malaysian subsidiary undertake?
What business activities will the new Malaysian subsidiary undertake?
Hachi MY's principal business will involve the trading, retail, distribution, and online trading of IT and lifestyle products and services. This aligns with Challenger's core operations.
Q.How many retail stores does Challenger Technologies currently operate?
How many retail stores does Challenger Technologies currently operate?
Challenger Technologies currently operates more than 40 stores across Singapore. These include a variety of formats such as superstores, mini stores, Valore concept stores, and Musica stores.
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