Songcheng Performing Arts: The Thailand project is invested and developed by the controlling shareholder Hangzhou Songcheng Group and is not a light-asset project of the company.

2026-03-28 17:51:22

Everyday AI News: An investor asked on the investor interaction platform: Your company’s major shareholder has repeatedly boasted about running the Thailand project as a light asset operation, and at the appropriate time, selling it to the listed company at several times the premium. So, when is your company’s light asset project, the Pattaya Eternal Love in Thailand, scheduled to open?

Songcheng Performance (300144.SZ) stated on the investor interaction platform on March 27 that the Thailand project is being invested in and constructed by the controlling shareholder, Hangzhou Songcheng Group, and is not the company’s light asset project. Currently, all work is progressing as planned, and after the project officially opens, the controlling shareholder will entrust the listed company to manage operations and pay management fees.

(Reporter Wang Xiaobo)

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