According to GKE in an EGM circular, the joint venture company "intends" to work with one of the key telcos here to set up a chain of retail shops for this. It has already identified certain locations and is in talks with the telco, which was not named.
Logistics and building materials firm GKE Corp is seeking shareholders' approval to diversify into a new business of distributing mobile handsets, and will do so by buying over the distribution business of an existing player.
Together with a partner, GKE will then run the distribution business via their venture, where GKE will hold 60% and the partner the remaining 40%.
