Sky City’s managing director Li Haoguang says: “We are delighted to announce our partnership with the Vividthree Group to develop a new brand of gaming arcades across key Southeast Asian markets. There are great opportunities for us to leverage the resources and connections in media and retail, of Vividthree and its parent company, mm2 Asia , to grow the leisure and entertainment businesses in these markets.”
Vividthree’s co-founder and chief creative officer Charles Yeo adds: “Sky City is a pre-eminent brand for family leisure entertainment in China. They own and operate more than 100 outlets in China’s biggest metropolitan cities. This strategic partnership marks an important milestone for our organisation as we continue expanding our leisure and entertainment portfolio across the region.”
Shares in Vividthree closed flat at 2.8 cents on Nov 23.
