Who is the new owner of the Flyer?



“A leading Singapore developer, operator and investor of premier attractions and tourism-related projects.”

Straco Corporation Limited (“SCL”) was listed on the Mainboard of the Singapore Exchange on 20 February 2004. Since then, the Group has been one of the first few foreign companies that has managed to build up significant presence and influence in the tourism industry in China. The Group showcases high quality tourism-related projects, incorporating entertainment, education and culture to create a unique experience for visitors and audiences. These projects include large-scale public aquariums, cable-car facilities, the protection and redevelopment of historical sites and production of cultural entertainment shows.

Shanghai Ocean Aquarium (“SOA”) is the Group’s flagship project in China and one of the most popular major attractions in Shanghai with more than 1 million visitors every year. Built at a cost of US$55 million, SOA has a total built-in area of 20,000 square meters that can house up to 21,000 people a day. Located right next to the city’s iconic landmark, the Oriental Pearl Tower, the aquatic facility showcases over 10,000 fishes from over 450 different aquatic species all around the world and has been accredited as a National Municipal Education Base by the local authorities.

Underwater World Xiamen (“UWX”) is another aquatic facility belonging to the Group. It has a capacity of 5.8 million litres of water and is home to a wide array of fresh water and marine livestock. Located on the scenic Gulangyu Island, it provides a magnificent backdrop to the marine animal shows that entertain visitors daily.

The Lixing cable-car service (“LLC”) located at the scenic Mount Lishan Xi’an, measures up to 1.5 kilometers in length. LLC was a pioneer in Western China in building a cable-car service of international standards that offers a spectacular view of the mountain and its surroundings. The cable-car ferries visitors from the base to the mid-level of the mountain where SCL owns the development rights of Chao Yuan Ge (“CYG”) located there.

CYG is an integral part of the restoration project for the grand “Hua Qing Palace” with its preliminary development concept showcasing the culture and unique architectural features from the Tang Dynasty through reconstructed replicas of its major buildings. The project, when completed, will be one of the next most important attractions in the vicinity following the Terracotta Warriors Museum and the Qing Shihuang Mausoleum. It will serve to provide visitors with a unique and engaging presentation of the Tang Dynasty’s history and culture.

Venturing into the production of cultural and entertainment shows, Straco Creation Private Limited (“SCPL”) was started as a joint venture company between Straco Corporation Limited and Mr Carlo Clerico of the Clericos, the famous music-hall family that has managed the Lido and Moulin Rouge in Paris for more than 60 years.

Over the years, SCL has gained recognition as a leading developer, operator and investor of premier attractions and tourism-related projects. The Group will continue to target high quality tourism-related projects in the region to fuel its growth.


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