Shoucheng Holdings signs contract for transfer of operating rights of Lhasa Gonggar Airport parking lot
Shouhang Holdings signed a contract with the Civil Aviation Administration of Tibet Autonomous Region Airport Group to transfer the operating rights of the Lhasa Gonggar Airport parking lot, obtaining an 8-year operating rights for the T2 and T3 parking lots. This cooperation will solidify Shouhang Holdings' leading position in the airport parking field, expand the scale of parking asset management, enhance the level of asset management income, and provide a better parking experience for travelers. This move will also deepen cooperation with the Tibet Autonomous Region and lay the foundation for exploring the western Chinese market
Smart Finance APP News, Shoucheng Holdings (00697) announced recently that its wholly-owned subsidiary, Yiteng Parking (Beijing) Investment Management Co., Ltd., has won the bid for the transfer of the operating rights of the parking business at Lhasa Gonggar Airport. The company signed an "Operating Rights Transfer Contract" with the Civil Aviation Administration of Tibet Airport Group Co., Ltd., obtaining the operating rights for a total of approximately 1428 parking spaces at the T2 and T3 parking lots at Lhasa Gonggar Airport for a period of 8 years.
Lhasa Gonggar Airport is an important gateway for civil aviation in Tibet, classified as a 4E-level military-civilian joint-use international airport. It is one of the highest-altitude airports in the world and also one of the largest plateau airports globally. On December 26, 2023, the new second runway at Lhasa Gonggar Airport was put into operation, making it the first high-altitude airport in China to operate with dual runways.
The acquisition of the operating rights for the parking business at Lhasa Gonggar Airport represents the recognition by the Tibet Airport Group of the brand advantages and operational service capabilities of the group in airport parking asset management. This solidifies the group's leading position in the airport parking sector and will further expand the group's parking asset management scale, effectively enhancing the group's asset management income level. Leveraging its rich project experience in the airport parking sector and its professional, digitalized, and standardized asset operation capabilities, the group will continue to provide excellent travel support services, strengthen the operational capabilities of transportation hub parking projects, aiming to expand its leading edge in this field, provide better products and services to the market, and continuously offer a comfortable parking experience for travelers. This opportunity will also deepen cooperation with the Tibet Autonomous Region, laying a foundation for future development in the western Chinese market
