Asiaray Obtains the Exclusive Rights to Operate Advertising and Media Resources in Tianjin Metro Lines 2 and 3

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, has announced that it has obtained the exclusive rights to use and operate the advertising and media resources in Tianjin Metro Lines 2 and 3 through a public tender. The operation of the advertising and media resources will be commissioned to a newly set-up joint venture company which is 60% owned by Shanghai Asiaray (wholly-owned subsidiary) and 40% by Tianjin Metro Resources for a 10-year period starting from 1 January 2017 to 31 December 2026.

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Asiaray
2017-03-31
Corporate News