Sim Leisure Group

Sim Leisure: Low tech + high fun = better margins

(Sept 30): The theme park industry is largely misunderstood, observes Sim Choo Kheng, founder and CEO of Sim Leisure Group.

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Sim Leisure says record-breaking water slide at Escape hits halfway completion mark

SINGAPORE (June 24): Sim Leisure Group says the water slide at its Escape theme park in Penang, Malaysia, which will set a new Guinness World Record for being the longest at 1,140 metres, has surpassed the halfway point of 705 metres in its construction.

When completed by end of the month, the water slide will smash the current record of 602 metres held by Action Park in New Jersey.

Sim Leisure full-year earnings surge more than fourfold to record $2 mil

SINGAPORE (Mar 29): Sim Leisure Group, the Malaysian theme park operator that debuted on the Catalist board of the Singapore Exchange on Mar 1, today announced that its FY18 earnings have surged more than fourfold to RM6.05 million ($2.0 million), compared to RM1.29 million in FY17.

This came on the back of its revenue more than doubling to RM21.2 million from RM9.68 million a year ago.

Fabchem China gets 15.8 cents per share offer from 39.55% shareholder

SINGAPORE (Mar 17): Fabchem China, the manufacturer of initiation systems and and detonating cords for explosives, has received a conditional cash offer by shareholder Henry Wee and his wife at 15.8 cents each.

The mandatory general offer was triggered after the couple raised their combined stake to 39.55%. The offer is conditional upon the Wees having received, by the close of the offer, valid acceptances for them to control more than 50% of Fabchem China.

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