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Asiaray Media Group Limited (HKG:1993) May Have Run Too Fast Too Soon With Recent 26% Price Plummet
Asiaray Is Granted Exclusive Concession Rights for Media Resources in Nine Shenzhen Metro Lines
Asiaray's subsidiary has signed a franchise agreement with Meilan Airport for operation.
Asiaray (01993) announced that its indirect wholly-owned subsidiary, Shanghai Ace Investment & Development, has entered into a franchise agreement with Meilan Airport (00357), granting Shanghai Ace exclusive rights to use and operate advertising and media resources and pay franchise fees to Meilan Airport. The announcement stated that Meilan International Airport in Haikou, Hainan Province, is an international airport in Haikou City. In 2023, the passenger throughput of Meilan International Airport in Haikou exceeded 24 million. It is expected that the passenger throughput of Meilan International Airport in Haikou will further increase. Therefore, the franchise agreement will allow the Group to leverage its advantages and seize opportunities.
Asiaray (01993.HK) subsidiary Shanghai Ace Investment & Development signed a franchise agreement with Meilan Airport for operation.
Asiaray (01993.HK) announced that the board of directors is pleased to announce that the company's indirect wholly-owned subsidiary, Shanghai Ace Investment & Development, has entered into a franchise agreement with Meilan Airport. According to the agreement, Shanghai Ace Investment & Development was granted exclusive rights by Meilan Airport to use and operate advertising and media resources and is required to pay a franchise fee to Meilan Airport.
Express News | Asiaray Media - Annual Concession Fee for Term Shall Be Fixed Fee of Not More Than RMB65 Mln
Express News | Asiaray Media - Unit Was Granted by Meilan Airport Exclusive Rights to Use & Operate Advertising and Media Resources
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