Imperium Crown raising acquisition stake in China tourist attraction to 60%

SINGAPORE (May 18): Imperium Crown, the property developer and investment company, is planning to increase its acquisition stake in Global Entertainment Media (GEM) from 27% to 60% for a purchase consideration of $53.5 million.

The move comes after GEM’s subsidiary Fei County Wonder Stone Characteristic Town Development Co., secured an additional 10 years to the 50-year operating rights of tourist attraction Wonder Stone Park in Feixian County, Linyi City, Shandong province, China.

Wonder Stone Park is a “AAAA” rated tourist attraction, famous in the Shandong region for its naturally occurring limestone boulders. GEM owns a 80% stake in Fei County Wonder Stone while the remaining 20% is held by a state-owned enterprise representing the state government of Feixian County, Shandong.

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