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9R Limited ( (SG:1Y1) ) has issued an update.
9R Limited’s subsidiary 9R Leisure has entered a joint venture with Malaysia-based Hara Creation to develop a RED BOX-branded karaoke, entertainment, food, and beverage business at the Antara Genting Highlands mixed development. The JV vehicle, GR9 Jewel Sdn. Bhd., will have paid-up capital of RM8 million, with Hara Creation holding 80% and 9R Leisure 20%, and 9R Leisure retaining an option after three years to buy some or all of Hara Creation’s stake.
Under the agreement, 9R Leisure will license the RED BOX trademark to the joint venture for use exclusively at Antara Genting, earning annual licence fees and monthly management fees for overseeing operations and finances. The board says the deal supports its long-term strategy to expand the RED BOX brand into a prime tourism hub without materially altering the group’s risk profile or near-term financial metrics, as it expects no significant impact on FY2026 earnings or net tangible assets.
More about 9R Limited
9R Limited is a Singapore-incorporated group with a lifestyle retail focus, operating entertainment, karaoke, and food-and-beverage concepts under its RED BOX brand. Through its wholly owned subsidiary 9R Leisure Sdn. Bhd., the company is expanding its presence in Malaysia, targeting high-traffic tourism and mixed-use developments to grow its entertainment footprint.
Average Trading Volume: 91,894
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$44.78M
For an in-depth examination of 1Y1 stock, go to TipRanks’ Overview page.