Sharechat Logo

Vista Group International signs major Chinese supply deal

Thursday 2nd October 2014

Text too small?

Vista Group International, the cinema software and analytics company, has signed a supply agreement with an unidentified cinema chain in China, which will see its software installed across more than 200 sites in the world's most populous nation.

The details of the deal are commercially sensitive, and revenue derived from the new client form part of Vista's prospectus forecast when it lodged its offer document in July, it said in a statement. The Auckland-based company expects annual revenue of $49.9 million in calendar 2014, rising to $61.5 million in the 2015 financial year.

"The signing of the deal is significant for Vista and strategic in terms of the Chinese market," director finance and legal Brian Cadzow said.

Vista listed on the NZX in August after raising $92 million in an initial public offer, of which $40 million was new capital to fund its plans for global growth. Within that new capital, Vista earmarked about $15.4 million for new acquisitions and developments, targeting emerging markets such as Brazil, Russia, China and Indonesia.

The shares last traded at $2.95, up from the $2.35 IPO price.

 

 

 

 

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

2025 Annual Shareholders' Meeting and Director Nominations
Meridian Energy monthly operating report for July 2025
August 15th Morning Report
VGL upgrades aspirations, accelerates to meet client demand
August 14th Morning Report
VHP - Focus on Fundamentals: Driving Operational Performance
August 13th Morning Report
Devon Funds Morning Note - 12 August 2025
Spark announces sale of 75% of data centre business
Blackpearl Announces $15M Capital Raise & Market Update