Maybe be the next runner runner!
Golden Heaven Group Holdings Ltd. (Nasdaq: GDHG) oversees six properties comprising amusement parks, water parks, and additional recreational amenities. These parks span approximately 426,560 square meters of land altogether and are situated in various regions across southern China. Collectively, they boast around 139 rides and attractions. Given their strategic geographical placements and convenient transportation options, GDHG parks are readily accessible to an estimated population of 21 million people.
On December 6th GDHG announced that it intends to enter into an operating lease framework agreement with a top-tier Chinese amusement group. The Group is a subsidiary of a prominent Chinese tourism group, ranking among China’s top 30 national cultural enterprises and top 20 tourism groups. This Agreement is expected to mark a significant step in the GDHG strategic business expansion efforts and is aimed at enhancing GDHG market position by leveraging the Group’s strong presence in the Chinese amusement park industry.
Pursuant to the Agreement, that is presently under negotiation, the Group’s theme park in Wuhan, Hubei Province in central China is expected to become the pilot leased park to GDHG. The finalized operating lease rights, lease schedules, and other terms of the Agreement will be settled with the ongoing negotiation.
SOURCE Golden Heaven Group Holdings Ltd.
