MKH To Acquire Majority Stake In Retail Software Solution Firm Juda Universe

Kajang based property developer, MKH Berhad is looking to venture into digital retail solutions with a 60% equity stake in Juda Universe a solution provider for retail stores.

The said entity will be purchased at RM1 per share representing RM600,000 for the total 60% equity Juda Universe is involved in offering customers who are mostly retail store owners with solutions that can enhance store visit experience. Its software includes virtual retail solutions, virtual space design, and virtual industry simulation. The company is also currently involved in developing online and offline retail software solutions with 360° augmented reality function with user interaction and integration with other applications. This software has commenced the process of trademark

Upon its paid-up capital being increased to RM1 million, MKH has assured additional capital to further strengthen the business model and software development of the company.

MKH is a well-known property developer with a substantial footprint in Klang Valley, the group is also involved in plantation and building material. It has developed over 40 strategically located properties with a total gross development value of more than RM6.0 billion and has evolved from developing small-scale residential projects to retail malls, integrated high-rises, and townships that are delicately designed to have high liveability and encourage quality, multi-generational living.

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