Huakai Creative Subsidiary Contracts for Guizhou Cultural and Creative Park Project
Ma Yifei
DATE:  Jul 18 2017
/ SOURCE:  Yicai
Huakai Creative Subsidiary Contracts for Guizhou Cultural and Creative Park Project Huakai Creative Subsidiary Contracts for Guizhou Cultural and Creative Park Project

(Yicai Global) July 17 -- A consortium led by a subsidiary of Hunan Huakai Culture and Creative Co. (Huakai Creative) [SHE:300592] will build a cultural and creative park with a contract amount of USD14.32 million (CNY98 million).

Huakai Creative and a combination led by its wholly-owned subsidiary, Shanghai Huakai Exhibition & Display Engineering Co. (Shanghai Huakai) have signed an agreement with Guizhou Future Culture & Tourism Investment Development Co. to provide integrated creative decorative design and construction services to a local history museum.

If the project finishes on schedule, Huakai Creative and Shanghai Huakai will realize income of CNY77 million, making up 14.5 percent of the firms' audited operating income of last year, per the announcement.

The group also won the exhibition arrangement project for the Foshan City Gallery in China's southeastern economic powerhouse of Guangdong province, with a bid price of CNY106 million, the company added.

Huakai Creative is an up-and-coming firm in the domestic exhibition and display industry. Its average growth in operating income in the last four years has edged up to 17 percent, with average net profit growth of over 20 percent. It mainly provides one-stop integrated services, including overall planning, program design and model-making to various urban exhibition halls.

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Keywords:   Huakai Creative,Big Order,Exhibition Service