KUALA LUMPUR: Family entertainment product and service provider Semico Capital Bhd has entered into a joint venture with Chan Kean Seng (CKS) to establish and operate a new family entertainment outlet at Pavilion Bukit Jalil shopping mall.

The outlet, whose brand will be licensed, will feature arcade, card and prize machines, merchandise retail and other related activities.

Operations is targeted to commence on Dec 1, 2026.

Semico will inject a cash capital of RM490,000 for a 49% equity interest in the JV company, called Kosmare Sdn Bhd, while CKS will contribute RM510,000 for the remaining 51% stake.

The parties will fund a further RM3mil and RM4mil respectively, in proportion to their respective shareholding.

"This joint venture represents a strategic extension of the Group’s existing business activities and provides an opportunity to broaden our revenue streams. 

"As demand for experiential and family-oriented leisure activities continues to evolve, we remain committed to pursuing growth opportunities that enhance long-term value creation for the Group and our shareholders,” said Semico executive director and CEO Tai Lee Chuen in a statement. 

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