System Messages

Winnipeg’s Empire Industries to Acquire C$31M in Co-ventures

Winnipeg-headquartered Empire Industries Ltd., a manufacturer of ride systems and media-based attractions, has entered into a letter of intent to structure and capitalize C$31 million of equity in co-venture attraction companies. The companies will partner with tourism-focused locations to co-own and operate Empire's proprietary Dynamic Attractions' flying theatres and other proprietary attractions in North America and China. The parties to the letter of intent include Empire Industries, Excellence Raise Overseas Ltd. in China, and Dynamic Entertainment Group Ltd., based in Toronto.

Information summarized from: 
Canada Stockwatch

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