Under the JVA, Kitamen and Hatten Technology will set up a joint venture company (JVCo), where Kitamen will hold 40% of the shares. Hatten Technology will hold the remaining 60%. The JVCo will collaborate and organize a series of events such as community and youth eSports tournaments and events. It will also conduct eSports coaching to support and develop the eSports community, reads the statement released by Hatten Technology.
Hatten Technology, the wholly-owned subsidiary of Hatten Land, has entered into two separate collaborations with Kitamen Holdings and the Melaka eSports Association (MEA), two leading eSports organisations in Malaysia.
A joint venture agreement (JVA) was entered into with Kitamen where both parties will leverage on their collective resources and networks to promote eSports and work together in specific eSports-related activities.
