The company is a joint-venture between Kristal Sdn Bhd and Malaysia's MEASAT Broadcast Network Systems Sdn Bhd, a subsidiary of Astro Malaysia Holdings Berhad.
This statement describes a business partnership where two entities (Kristal Sdn Bhd and MEASAT Broadcast Network Systems Sdn Bhd) have joined forces to create a company. This company is further owned by Astro Malaysia Holdings Berhad.