Asiaray Secures Exclusive Concession Rights to Operate Media Resources at Beijing Metro Line 17

Asiaray Media Group Limited, an outstanding out-of-home media company with a strategic focus on mega transport advertising media, including airports, metro lines and high speed rail lines, has announced that its indirect wholly-owned subsidiary, Shanghai Asiaray Advertising Company Limited has entered into an Exclusive Concession Rights Agreement with Beijing Metro Line 17 Investment Co., Ltd. to exclusively operate, manage, maintain and sell advertising and media resources installed on Beijing Metro Line 17 for a period of 10 years. Phase 1 of the Agreement is to come into effect on 1 January 2022. The Agreement is set to generate tremendous synergies with the Group’s existing business network, enlarging its share in the metro advertising market and advancing the new trend of OOH and Online new media advertising in Greater China.

Press Release : [here]

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