Galasys reports on new contracts secured in Fourth Quarter 2015
Since September 2015, in addition to the company's ongoing repeat business, Galasys has secured a total of 25 new contracts (7 are new customers, 18 are existing customers buying new services) of which the most significant wins are:
· Animation Theme Park Sdn Bhd (MYR1.37 million) (c. GBP215,000)
Asia's First Animation Theme Park built at the cost of MYR450 million (c. GBP70.5 million) in Ipoh, Perak, Malaysia, Movie Animation Park Studios (MAPS) with over 40 attractions in 6 thematic zones. It is targeted to complete in 2016.
· East Shenzhen OCT - RMB1.74 million (c. GBP181,000)
Dameisha holiday scenic spot ism a 168 hectare waterfront park is designed by Atkins which encompasses 180,000m2 of beach, 432m of sunshine long corridor, 13,000m2 of Sun Plaza, 4,000m2 of Moon Plaza, 230 parking spaces and beach tourism facilities.
· Shanxi Dream Waterpark - RMB1.35 million (c. GBP141,000)
The result of a RMB600 million investment, Shanxi Dream Waterpark is a 30,000m2 park located in Xiaoyi City, Shanxi Province which is heated throughout the year, allowing full 365 operations. This waterpark is the result of a joint Chinese and American design and can accommodate up to 3 million visitors in a year.
· Zunyi Park - RMB891,000 (c. GBP93,000)
Zunyi Park is a 480 acre facility, benefitting from a total investment of RMB500 million (c. GBP 51.4 million) and is located in the heart of Zunyi International Trade City. It is estimated that the park will be able to accommodate up to 8 million visitors in a year.
· Midea Egret Lake Forest Resort - RMB800,000 (c. GBP83,000)
The 6,800 acres site is part of a RMB20 billion forest resort rated national 5A by the Chinese government. This park is strategically located close to key transport links such as Pearl River Delta Link Expressway (Jiangzhao high speed), Guangming Expressway and other main highways.
Commenting on the announcement, Mr. Seah, Chief Executive of Galasys, said:
"I am pleased to report that Galasys continues to build on its position as the leading provider of integrated and modular amusement park solutions and services in China and South East Asia. This latest batch of new contracts adds to the Group's already impressive portfolio and I reiterate my confidence in the continuing success of Galasys."
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