2impression wonders arts development co., ltd, a wholly-owned subsidiary of sanxiang co., ltd won the bid for a 40% stake in guangxi wenhua arts co., ltd at 46.09 million yuan following the required procedure in june 16, 2016.the shares on offer were owned by guangxin vinylon group.
guangxi wenhua arts co., ltd holds 33% shares of guilin guangwei wenhua culture & tourism co.,ltd, the company responsible for impression liusanjie. sanxiang will obtain a 13.2% stake in guilin guangwei wenhua culture & tourism co.,ltd as a result of the successful bid.
impression liu sanjie was co-directed by renowned directors zhang yimou, wang chaoge and fan yue. the show was unveiled in march, 2004 following 109 times of fine tuning over five years. this is the world’s first show staged in a nature scene performed by a troupe of over 600, almost all of whom were recruited from the local fishing community or zhang yimou li river arts school. the show,performed over 500 times and viewed by more than one million audience each year, contributes over 30 million yuan in taxes. impression liu sanjie features a creative combination of folk songs, the ethnic minority's culture, and lights from the fishing boats on the li river. the performance, seamlessly blended into the local landscape, is an artistic expression of local folk’s close ties with nature. as the first performance in the nature scene, impression liu sanjie has earned guilin guangwei wenhua culture & tourism co.,ltd the reputation of one of the most creative culture companies. the venue for the show,the yangshuo li river theater, is located on the confluence of li river and the tianjiahe river, facing the famous shutong hill across the river. unlike its conventional counterparts consisting of one stage and three walls, the theater features a natural stage of 1.654 sq km waterbody curtained by the sky against the backdrop of 12 steep hills.
impression liu sanjie has been extremely well received, bringing honours to the company and the site: an inclusion in typical cases of china’s cultural industry 2003 compiled by the ministry of education, the title of national cultural industry demonstration base in 2004, the innovation award from the ministry of culture in 2005, a top 10 performance phenomenon of china from china association of performing arts, a top 30 culture enterprise in 2008, an inclusion in the directory of major culture tourism programs under the category of tourism and performing arts, a top ten innovation award in guangxi awarded in july 2012, a top 10 award for high-end tourist brands in china in january,2013, a recognition as one of the ten most influential national cultural industry demonstration bases 2013 jointly from the ministry of culture and china cultural industry association in july 2014, the title of a meritorious company for creating an influential brand in guilin awarded in january, 2015.
the bid for a 40% stake in guangxi wenhua arts co., ltd by impression wonders arts development co., ltd is a strategic move intended to integrate resources in culture, tourism and performing arts as the acquisition will expand the scope and depth of the value chain. the position and influence of impression wonders arts development co., ltd in the sector will be leveraged to generate the synergy effects of real estate culture.