Asiaray Media Group Limited, an outstanding out-of-home (“OOH”) media company with a strategic focus on mega transport adverting media management, including airport, metro line and high speed rail line, is pleased to announce that its indirectly wholly-owned subsidiary Shanghai Asiaray has signed an exclusive concession rights agreement with Shenzhen Metro. Pursuant to the agreement, Shanghai Asiaray was granted nine-year exclusive rights to use and operate the media resources in Shenzhen Metro Line 2 (Phase 3), 6, 8(Phase 1) and 10, with the first term of agreement period has begun since 1 January 2021. The Group has also renewed the exclusive advertising and media resources for Shenzhen Metro Line 3 for another nine years at the same time. The new business base will greatly increase the media resources of Asiaray in Shenzhen railway, and further expand the Group’s network presence in the Greater Bay Area. The rapid expansion of scale is expected to become a new growth driver.
Press Release: [ here ]