Consumer electronics retailer Best Denki will team up with Indonesian construction company Bangun Persada Tata Makmur to open stores in India and the Middle East over the next three to five years

The retailer already has 45 overseas stores in eight countries outside Japan, including Singapore and Malaysia, and runs a joint venture with Bangun in Indonesia.

As a part of the deal, Best Denki will sell 49% of its Singapore division to Bangun. It plans to list the Singapore division on the Singapore stock exchange within the next five years.

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