PETALING JAYA: Semico Capital Bhd is expanding its footprint in the family entertainment business through a joint venture to establish and operate a new family entertainment centre (FEC) at Pavilion Bukit Jalil, targeted to begin operations by Dec 1, 2026.
The ACE Market-listed company has entered into a joint venture and shareholders’ agreement with Chan Kean Seng and Kosmare Sdn Bhd to undertake the project under a brand to be licensed from an undisclosed brand owner.
Under the agreement, Semico Capital will invest RM490,000 for a 49% stake in the joint venture company, while Chan will contribute RM510,000 for the remaining 51% equity. Both parties will also inject between RM3 million and RM4 million in additional funding, in proportion to their respective shareholdings, to develop the outlet.
The new FEC will feature arcade games, card and prize machines, merchandise retail and other related attractions, expanding on Semico Capital’s existing family entertainment operations.
Executive director and CEO Tai Lee Chuen said the venture marks an important milestone in strengthening the group’s presence in the family entertainment segment.
“We are pleased to partner with the brand owner and our joint venture partner to introduce this offering to Malaysia, leveraging our industry knowledge, operational capabilities and understanding of local consumer preferences,” he said in a statement.
Tai said the group is targeting to commence operations on Dec 1, adding that the outlet is expected to enhance Pavilion Bukit Jalil’s appeal as an integrated lifestyle destination in Kuala Lumpur’s southern corridor.
He said the venture also aligns with the group’s strategy to diversify its revenue base as demand for experiential and family-oriented leisure activities continues to grow.
Under the arrangement, Semico Capital will provide technical expertise, machine maintenance, servicing, supply chain management and procurement support, while Chan will oversee the outlet’s day-to-day operations, customer experience, landlord coordination, brand liaison and regulatory matters.
The company said the joint venture is not expected to have a material impact on its net assets, earnings per share or gearing for the financial year ending June 30, 2027, but is expected to contribute positively to future earnings.
Semico Capital, which was listed on the ACE Market of Bursa Malaysia in January this year, raised RM23.2 million through its initial public offering. The group provides family entertainment products and services, and is also involved in the wholesale and distribution of toys and collectables.
