On 22 March 2012, Berjaya Retail Berhad and RadioShack Corporation USA signed a master development agreement to substantially expand RadioShack's global footprint across 10 Southeast Asian countries.
To date, Berjaya RadioShack Sdn Bhd, a wholly-owned subsidiary of Berjaya Retail
Berhad, has opened 8 stand-alone stores and 5 stores-in-store and 3 book panels within
Borders Malaysia, in key malls within KL/Klang Valley and Penang, its latest being in
Avenue K, Kuala Lumpur.
In USA, RadioShack Corporation has been undergoing financial losses which has caused it to default in its debt settlement and has since been delisted on the New York Stock
Exchange. It faced delisting because the average market capitalisation of the company had fallen to less than $50 million for 30 consecutive trading days. The company will seek to implement an in-court proceeding under Chapter 11 while it negotiates various options to raise funds to continue operations.
Berjaya RadioShack Sdn Bhd is a separate entity from RadioShack Corporation, with an entirely separate P&L that is accountable to Berjaya Retail Berhad. RadioShack Malaysia does not rely on RadioShack Corporation and has its own arrangements in place with distributors worldwide for merchandise. As such RadioShack operations in Malaysia is not affected by the position that RadioShack Corporation USA is currently in.
“We have been prepared for this situation and assure our customers that in Malaysia,
RadioShack will continue to operate as usual. We are well stocked and do not forsee any interruption in our inventory,” said Yau Su Peng, Chief Operating Officer, Berjaya
RadioShack Sdn Bhd. adding that one more stand-alone store will open in the soon-to-beopened Sunway Putra Mall.
Berjaya Retail Berhad operates the 7-Eleven and Singer brands that have a combined network of 2,000 stores. It is owned by Tan Sri Vincent Tan Chee Yioun, who is the major

shareholder of Berjaya Corporation. Berjaya's diversified holdings include food-service franchises; retailing concepts in consumer packaged goods, convenience, home entertainment, durable goods and bookstores; and a broad range of other holdings and investments.
About RadioShack Malaysia
RadioShack is a leading American retailer of innovative mobile and technology products, services and accessories with more than 4,000 stores in the US. It brings to Malaysian consumers a targeted assortment of products centred on audio (e.g. speakers, headphones, audio/video cables), power (e.g. batteries and power banks), mobility and wireless, data storage, home entertainment and music, as well as tools and parts for electronics DIY and hobbies.
In Malaysia the franchise is owned and managed by Berjaya RadioShack Sdn. Bhd., part of the Berjaya Retail group. It caters to various price and lifestyle needs by offering a wide selection of international brands within each product range as well as its proprietary brands such as RadioShack, Auvio, PointMobl and Gigaware!
RadioShack Malaysia is now available in 13 locations since its launch in September 2012: Mid
Valley Megamall, Berjaya Times Square, Hartamas Shopping Centre, Bangsar Shopping
Centre, Pavilion Kuala Lumpur, Gurney Plaza, Penang, Avenue K, Kuala Lumpur, Sunway
Pyramid and five other stores-in-store in Borders in Kuala Lumpur, Petaling Jaya and Penang.