Golden Heaven Group Holdings Ltd. Postpones the Opening of New Amusement Complex at Yunhe Sanwan Scenic Spot for Enhancements and Optimization
Golden Heaven Group Holdings (Nasdaq: GDHG) announced the postponement of its new recreation and amusement complex opening at Yunhe Sanwan Scenic Spot in Yangzhou City, China. Originally scheduled for October 2024, the opening has been delayed to the Spring Festival in 2025 (end of January 2025) due to equipment installation delays, construction issues, and plans for additional enhancements. The company aims to leverage the high foot traffic during Chinese New Year to maximize visitor enjoyment and revenue opportunities.
Golden Heaven Group Holdings (Nasdaq: GDHG) ha annunciato il rinvio dell'apertura del suo nuovo complesso ricreativo e di intrattenimento presso lo Yunhe Sanwan Scenic Spot nella città di Yangzhou, Cina. Inizialmente prevista per ottobre 2024, l'apertura è stata posticipata al Festival di Primavera nel 2025 (fine gennaio 2025) a causa di ritardi nell'installazione delle attrezzature, problemi di costruzione e piani per ulteriori miglioramenti. L'azienda punta a sfruttare l'alto afflusso di visitatori durante il Capodanno cinese per massimizzare il divertimento dei visitatori e le opportunità di guadagno.
Golden Heaven Group Holdings (Nasdaq: GDHG) anunció el aplazamiento de la apertura de su nuevo complejo recreativo y de entretenimiento en Yunhe Sanwan Scenic Spot en la ciudad de Yangzhou, China. Originalmente programada para octubre de 2024, la apertura se ha retrasado hasta el Festival de Primavera en 2025 (fin de enero de 2025) debido a retrasos en la instalación de equipos, problemas de construcción y planes para mejoras adicionales. La compañía tiene como objetivo aprovechar el alto flujo de visitantes durante el Año Nuevo chino para maximizar el disfrute de los visitantes y las oportunidades de ingresos.
골든 헤븐 그룹 홀딩스 (Nasdaq: GDHG)는 중국 양저우시 유니허산완 경치 좋은 곳에 위치한 새로운 레크리에이션 및 오락 단지 개장을 연기한다고 발표했습니다. 원래 2024년 10월로 예정되었던 개장은 장비 설치 지연, 시공 문제 및 추가 개선 계획으로 인해 2025년 춘제(2025년 1월 말)로 연기되었습니다. 이 회사는 중국 설날 동안의 높은 방문객 수를 활용하여 방문객의 즐거움과 수익 기회를 극대화하는 것을 목표로 하고 있습니다.
Golden Heaven Group Holdings (Nasdaq: GDHG) a annoncé le report de l'ouverture de son nouveau complexe récréatif et de loisirs au Yunhe Sanwan Scenic Spot dans la ville de Yangzhou, en Chine. Initialement prévue pour octobre 2024, l'ouverture a été repoussée au Festival du Printemps en 2025 (fin janvier 2025) en raison de retards dans l'installation des équipements, de problèmes de construction et de projets d'améliorations supplémentaires. L'entreprise vise à tirer parti du fort afflux de visiteurs pendant le Nouvel An chinois pour maximiser le plaisir des visiteurs et les opportunités de revenus.
Golden Heaven Group Holdings (Nasdaq: GDHG) hat die Verschiebung der Eröffnung seines neuen Freizeit- und Vergnügungszentrums im Yunhe Sanwan Scenic Spot in der Stadt Yangzhou, China, angekündigt. Ursprünglich für Oktober 2024 geplant, wurde die Eröffnung auf das Frühlingsfest 2025 (Ende Januar 2025) verschoben, aufgrund von Verzögerungen bei der Installation der Ausrüstung, Bauproblemen und Plänen für zusätzliche Verbesserungen. Das Unternehmen zielt darauf ab, den hohen Besucherandrang während des chinesischen Neujahrs zu nutzen, um das Vergnügen der Besucher und die Umsatzmöglichkeiten zu maximieren.
- Strategic timing of opening during Chinese New Year holiday season to maximize foot traffic
- Planned enhancements to better align with market demands and current trends
- Construction and equipment installation delays
- Postponement of revenue generation from originally planned October 2024 opening
Insights
This delay in opening the new amusement complex represents a calculated but concerning development. While positioning the launch during the Spring Festival could capitalize on peak tourism season, the construction delays and need for enhancements suggest potential project management issues. The Chinese amusement park market is saturated, with giants like Fantawild and Happy Valley dominating. For a smaller player with
The vague description of "updates and enhancements" without specific details raises questions about the project's readiness and budget management. The 3-month delay could impact projected revenue streams and increase operational costs. However, the alignment with Chinese New Year festivities could partially offset these setbacks by capturing higher initial visitor numbers.
NANPING, China, Nov. 8, 2024 /PRNewswire/ -- Golden Heaven Group Holdings Ltd. ("Golden Heaven" or the "Company") (Nasdaq: GDHG), an amusement park operator in
Situated in Yunhe Sanwan Scenic Spot, the Complex is poised to become a destination for tourists, families, and couples. Golden Heaven's operations team has integrated concepts and amenities in order for the Complex to provide a blend of entertainment and cultural experiences.
Mr. Jin Xu, CEO and Chairman of Golden Heaven, commented, "The Chinese amusement park industry is highly competitive, with evolving trends, technologies, and consumer expectations. The decision to delay the opening was made to incorporate additional elements and concepts that we believe will better align with market demands and current trends, and to include certain safeguards with respect to equipment installation and construction. We believe that the enhancements will make the Complex more appealing to our target audience, offering visitors memorable experiences. Our goal is to create lasting value for our guests while driving revenue growth for the Company. Additionally, by supporting local tourism and businesses, we aim to make a positive contribution to the local economy. The timing of the opening around Chinese New Year is expected to allow us to take advantage of the high foot traffic during such holiday season, while maximizing both visitor enjoyment and revenue opportunities. We anticipate that the Complex will become a desirable destination in the community."
About Golden Heaven Group Holdings Ltd.
The Company is an offshore holding company incorporated in the Cayman Islands with no material operations of its own. Through its Chinese operating entities, the Company manages and operates amusement parks, water parks and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. For more information, please visit the Company's website at https://ir.jsyoule.com/.
Forward-Looking Statements
This press release contains "forward-looking statements". Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the
For more information, please contact:
Golden Heaven Group Holdings Ltd.
Email: group@jsyoule.com
Ascent Investor Relations LLC
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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SOURCE Golden Heaven Group Holdings Ltd.
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