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Further Enhances Its Leading Position in China's Airport Advertising Market;
Well-Positioned to Capture Opportunities Created by the "One Belt, One Road" Policy |
HONG KONG, Dec 29, 2015 - (ACN Newswire) - Asiaray Media Group Limited ("Asiaray" or the "Group"; stock code: 1993), a leading out-of-home media company with a strategic focus on airport and metro line advertising, announced that Henan Airport Asiaray Company Limited, an indirect subsidiary of the Group which is owned as to 51% by Shenzhen Asiaray Advertising Company Limited and 49% by Henan Airport Group Company Limited, has secured the exclusive concession right to use and operate advertising and media resources in Zhengzhou Airport Terminal 2 and the General Transportation Center for a term of seven years with a three-year conditional renewal option.
Mr. Vincent Lam, Founder, Chairman, Chief Executive Officer and Executive Director of Asiaray, said, "We are excited to announce that under the new agreement, the exclusive concession right for mainstream media streams owned by Asiaray at Zhengzhou Airport has been expanded from Terminal 1 to Terminal 2, as well as the General Transportation Center. Since the new terminal acts as a transport hub, connecting with high-speed rail lines, highways and subways, we are expecting a substantial increase in passenger throughput. This in turn will continuously enhance the media value of Zhengzhou Airport, leading to a rise in advertising income for the Group."
With Terminal 2 becoming operational on 19 December 2015, Zhengzhou Airport has become China's second integrated transport hub after Shanghai Hongqiao International Airport. The new terminal building, with an area of approximately 486,000 square meters - approximately four times of Terminal 1 - in combination with the 274,000 square meters General Transportation Center cover a total area of 760,000 square meters. Terminal 2 is designed to cope with an expected annual passenger throughput of 30 million passengers in 2020.
Mr. Lam continued, "Zhengzhou is strategically located in central China from which two-thirds of all major cities in the country can be reached within two hours by plane. It also has an advantageous position, being situated along the Silk Road Economic Belt. With China's investment in the 'One Belt, One Road' initiative, this will definitely be beneficial to various industries including advertising. By utilizing our well-developed Space Management approach, we are well-positioned to capture the enormous opportunities arising from the airport and metro building boom in Greater China, enabling us to deliver more effective advertising campaigns for our advertisers. For this reason, we are confident in securing more new contracts in the future and further enhancing our leading market position, thus delivering better investment returns to our shareholders."
Contact:
Strategic Financial Relations Limited
Heidi So +852 2864 4826 heidi.so@sprg.com.hk
Angelus Lau +852 2864 4805 angelus.lau@sprg.com.hk
Janet Fong +852 2864 4817 janet.fong@sprg.com.hk
Fax: +852 2527 1196
Website: www.sprg.com.hk
Topic: Press release summary
Source: Asiaray Media Group Limited
Sectors: Daily News, Advertising
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From the Asia Corporate News Network
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