In China and Hong Kong, ETG Staging Connections has bought up the remaining 49 per cent minority interest; in Singapore and Malaysia, Techmex Staging Connections has acquired the remaining 30 per cent minority interest; and in mainland China, Techmex
Event Production has a 100 per cent shareholding.
SCGL chief executive, Michael Gardner, said the company’s full ownership of businesses in China and Southeast Asia is central to its growth strategy in the region and reinforces SCGL’s ongoing commitment to increasing shareholder value.
“As part of this overall regional strategy, we will integrate the Techmex entities with our
other leading organisation, The Event Company Staging Connections (TECSC).
“Increasing our stake in these vibrant and dynamic businesses provides SCGL with new
opportunities for growth. “We have great confidence in the growth potential of the consolidated businesses in this region, particularly in China which continues to experience strong growth in the lead-up to the 2008 Beijing Olympic Games.
“The acquisitions will enable the SCGL network to leverage event and staging services across
the Asian region.”
Staging Connections increases its presence in Asia Pacific market
SYDNEY International event services company, Staging Connections Group Limited (SCGL), has increased its investments in China and Southeast Asia.