HONG KONG, Oct. 9, 2014 (GLOBE NEWSWIRE) -- Great China Mania Holdings, Inc. (OTCBB:GMEC) (the "Company" or "GMEC") announces the setting up of a new joint venture subsidiary in Kuala Lumpur for regional expansion in the field of film casting, models management and event management throughout South East Asia including but not limited to Malaysia, Singapore and Thailand.
GMEC will be the majority shareholder of the venture and heads the operations while the local partner will invest approximately $500,000 capital into the subsidiary. GMEC anticipates to employ 8 - 10 staffs to begin with.
With a background of operating FMCG and catering businesses, the local partner of this venture has excellent connections in the local entertainment industry, artists and artists' managers through their promotional activities. These connections will definitely help in driving more business opportunities as well as inducing local talents recruitments to build the venture's revenues base.
GMEC will also leverage on its solid experience in artist management to extend GMEC exposures in South East Asian markets through assigning its current Malaysian talents such as Cathryn Lee (http://www.gme-holdings.com/#!-cathryn-lee/cgn1) into the venture to maximize their exposures in the region.
"Since 2013, GMEC has cooperated with the Malaysia's leading cinema exhibitor and distributor, Golden Screen Cinemas Sdn Bhd. During the same period, we have also collaborated with many movie production units in South East Asia. This venture will provide us with an important platform to enhance the business opportunities in the region and further strengthen the relationships with these business partners," said Roy Kwong, the CEO of GMEC.
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