News

Jul 11, 2011
Hong Kong-listed Pico Far East Holdings has announced interim results for the six months ended April 30. The company’s turnover was $180 million, a decrease of 4.5 percent, compared with the same period last year. Profits during the period were $10.6 million – essentially the same at the $10.5 million recorded in the same period last year. Dilute earnings per share during the period were HK$0.0677. Pico’s exhibitions and event marketing services business unit generated 81 percent of the company’s revenues ($146 million), representing a drop of 7.8 percent. The… more
Jul 11, 2011
The development of two new MICE venues in Seoul reportedly is underway to better serve the Korean capital as the demand for more event space has exceeded the current supply. The Dongdaemun Design Plaza and Exhibition Centre has a planned opening date on April 5, 2013, and will be located in Seoul's leading fashion district. Similarly, the Seoul Station Convention Centre, or Korail Centre, also will open in 2015 with a 7,500 capacity convention centre and a 26,500 square meter exhibition hall. According to local MICE industry officials, the problem with a lack of space is not limited… more
Jul 11, 2011
U.S.-based business-to-buisness media and information company PennWell Corporation has entered a joint venture partnership with trade show organizer Shenzhen Dresche Exhibition & Planning Co. to organize the annual Asia SOLAREXPO convention and exhibition. The 7th edition of the solar event will take place from Dec. 3-5 at the Shenzhen Convention and Exhibition Center. Asia SOLAREXPO reported the attendance of 60,100 visitors in its 2010 edition. Under the reported terms of the joint venture, PennWell will act as the international organizer of Asia SOLAREXPO, with the opportunity to… more
Jul 11, 2011
Hong Kong-listed Sino Resources Group, formerly Kenfair International, has released its results for the year ended March 31. The company posted a turnover of $11 million, down 5.7 percent from 2010’s figure. Losses attributed to shareholders this year were greatly reduced from a loss of $108 million in 2010 to $4.4 million this year. All revenues were reported to have been generated from the company’s exhibitions business. In particular, more than 90 percent ($9.8 million) came from the Mega Show Part 1 and Part 2 held in October 2010 in Hong Kong. The remaining revenues ($828… more
Jul 11, 2011
One of the venues of the Taipei International Flora Exposition, the EXPO Dome, located in Yuanshan Park Area, has been turned into a convention and exhibition centre. There were no specifics reported in terms of size and layout of the venue. However, the first event held at EXPO Dome, the Taipei Food Festival World Championship of Cookery, reportedly occupied 10,006 sq. m. of exhibition space, with 104 booths and a total of 16,000 attendees. EXPO Dome is managed by the Industrial Development Board (IDB) of the Taipei City government. IDB claims the venue’s event calendar is fully… more
Jul 11, 2011
Reed Exhibitions China’s inaugural Green Lighting Shanghai concluded with the attendance of just under 5,000 visitors. Exhibitors participating included those specializing in manufacturing environment friendly equipment, materials and applications in LED lighting technologies and products. The three-day trade show was held at Intex Shanghai May 11-13. Reed also reported this week the conclusion of NEPCON China (Shanghai), an electronics manufacturing trade show, with more than 14,000 visitors. Reed reports that space sold at the event was up 21 percent, compared with the previous… more
Jun 20, 2011
Dallas-based Freeman bought all three companies owned by San Francisco-based Wheelhouse Solutions – Champion Exposition Services, George Fern Exposition & Services and Immersa Marketing – for an undisclosed sum. The transaction closes June 21. Joe Popolo, CEO of Freeman, said the company always is looking to expand its business, and acquiring all three companies is not only a strategic fit, but also a cultural fit. “Champion is known for great creative and technology … we believe we will also have the best team of employees,” he added. “We… more
Jun 20, 2011
The New Zealand government chose SKYCITY Entertainment to develop the New Zealand International Convention Centre on a three acre site. SKYCITY Chief Executive Nigel Morrison said this is an important and long anticipated development for both Auckland and the New Zealand convention and tourism industries. “SKYCITY is excited to be involved in this development, and we welcome the opportunity,” said SKYCITY CEO Nigel Morrison. “We envisage that the New Zealand International Convention Centre on this site will be an iconic building in the heart of Auckland, central to… more
Jun 20, 2011
The Hong Kong Exhibition and Convention Industry Association had good news to announce during its June 17 Annual General Meeting: the number of trade exhibitions, visitors, exhibiting companies and showfloor space all showed increases, some with double-digit percentages. In 2010, more than 648,000 visitors from outside of Hong Kong attended trade exhibitions, representing an increase of more than 13 percent from 2009. This significant leap was fueled by a strong comeback of international visitors, a jump of 18 percent to 214,000, surpassing the pre-financial crisis level. Visitors… more
Jun 20, 2011
The Sydney Convention & Exhibition Centre capitalized on the fact one of the world’s leading technology exhibitions – CeBIT Australia – recently was held at the venue by announcing the Federal Government’s National Digital Economic Strategy via the venue’s high speed Digital Video Network (DVN) link to a major rural telehealth conference in Cairns. The SCEC’s technical production and design team also coordinated a simultaneous 30-minute webcast of the launch by Federal Minister for Broadband, Communications and the Digital Economy, Senator Stephen… more