Curtains raised for first stage facility JV
( 2003-12-03 00:59) (China Daily)
China's first joint venture (JV) involving stage equipment was established
Tuesday in a bid to tap market potential.
The company, Beijing Zhongyi Stage Technology Co Ltd (CKS), was founded by
three Chinese groups and the Asia Fair Co from South Korea with a registered
capital of US$400,000.
China National Culture and Arts Co Ltd (CNCAC), the biggest culture and arts
performance agent in the country, Beijing Chinese Culture Entertainment Co Ltd,
which holds 49 per cent of CNCAC, and China Cultural Facility Construction Corp
(CFCC) are all affiliated with the Ministry of Culture.
"The reforms of performance groups, improvements in their facilities and the
construction of cultural facilities for the 2008 Olympics in Beijing are well
under way. All this brings a lot of opportunities to this new business,'' said
Zhang Erhu, chairman of CFCC.
The JV will be engaged in importing advanced stage equipment from South
Korea, which is a world leader in the field.
CKS will also focus on the design of theatres and concert halls. Its business
also includes mobile phone proofing theatres and the instillation of light
emitting monitors, which are used as display devices within theatres.
Rhee Shang-hi, a member of the National Assembly of the Republic of Korea,
believes the establishment of the JV will also boost the exchanges of stage
equipment, exhibitions and performances between China and his
country.
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