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Netrove forays further into the travel and leisure space by taking a stake in Touristly, an early stage company focused on helping travellers plan their holidays by offering unique and localised travel deals at their chosen destinations. Touristly currently features deals such as tours, restaurants, spas and attractions in over 25 cities in Asia and looking to expand their product offering in more cities in Asiain the near term.
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After 8 years of incubation and investment, Netrove exits its seed stage investment into the mobile chat social networking company which has grown from a single market to multiple markets in Asia and being a leader in mobile social networking.
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Galasys (LON:GLS), the provider of ticketing systems and solutions to the theme park industry in Asia, has won two new contracts worth around £217,000. These contracts have been awarded by the Enchanted Kingdom in Laguna, the Philippines’ only world-class theme park, and the OCT group for its Window of the World theme park in Shenzhen, one of the oldest iconic theme parks in China.
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Galasys, The theme-park system-management company, plans to penetrate the mid-market theme-park segment via acquisition, according to executives. The focus would be Asian sector players, with companies based in China and South-East Asia of particular interest.
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The chairman and chief executive of Galasys (LON:GLS) explain why the company’s first set of numbers since its AIM listing surpassed all expectations. Chairman Kim Seng Teh and chief executive Sean Seah talks investors through the Asian theme park ticketing specialist’s ‘transformation strategy’, which is starting to take shape as the numbers reveal.
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Theme park ticketing specialist Galasys (LON:GLS) posted a 35% increase in pretax profit in its maiden half year results and expects to expand further its market coverage in China and other Asian countries.
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LONDON–Galasys PLC (GLS.LN) Monday reports a 35% rise in first-half pretax profit, said its sales pipeline is increasing and expects further momentum as the group continues to expand its market coverage in China and other Asian countries.
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After a 4-year investment, Netrove exits its seed stage investment into Guangzhou-based online and mobile games developer and sells its stake to an incoming China based PE fund.
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The theme park ticketing specialist was awarded 19 new amusement park contracts in Asia.
Galasys (LON:GLS) expects to report better than expected interim results after a string of new contracts in the first half of its latest trading year.
The theme park ticketing specialist was awarded 19 new amusement park contracts in Asia and two with Chinese entertainment giant Dalian Wanda, including a first ever film park.
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Galasys which provide ticketing and IT outsourcing services to China's leading theme park operators, is firing on all cylinders.