XOX Bhd through its subsidiary, XOX Pro Sport Sdn Bhd has completed the acquisition of Perak FC Sdn Bhd. Perak FC is now a fully owned subsidiary of XOX Bhd.
The acquisition is in line with XOX Pro Sport’s strategy, to fully focus on sports marketing and management. It has been XOX’s group mission to actively be involved in sports, to nurture local grassroot sporting talents and continue to build on the club’s centurial legacy.
The Board and Executive of XOX will leave the responsibilities to the management of Perak FC for day to day operations, led by Chief Executive Officer (CEO) En. Bobie Farid Shamuddin. XOX hopes that this will be a new period of stability and success for Perak FC.
XOX will focus on ensuring that, collectively as a group, it will harness the commercial opportunities & partnerships and build a steady ecosystem for its suite of product and services to enhance its offerings to the Malaysian public.
XOX hopes that with this announcement, it will provide all stakeholders with a sense of stability and security, knowing that the club is in safe hands.