CLEAR MEDIA LIMITED INVESTS INTO ADVERTISEMENT BOARDS IN BEIJNG
AsiaInfo Services, August, 2004
AsiaInfo Services 08-16-2004 Clear Media Limited Invests into Advertisement Boards in Beijng BEIJING, Aug 16, 2004 (SinoCast via COMTEX) -- Resources say that Clear Media Limited (HKSE:0100) makes an investment of CNY138 million to purchase ten-year operation rights of 3,045 advertisement boards in Beijing and also plans to invest about CNY60 million to improve them for Olympics 2008 in Beijing. Han Zijin, the CEO of Clear Media Limited, says that the 3,045 advertisement boards are all in bus stations.
After the procurememt, the company's market share in Beijing City will increase from 36% to as high as 86%. Clear Media Limited must pay the rent of CNY7000 for each advertisement board in each oof the first three years and CNY10,000 in the rest seven years. ...
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