CAPITAL WORLD: To open world's 5th largest indoor theme park

Over the weekend, Singapore-listed Capital World showed guests glimpses of the mega indoor theme park (photo) that it is developing in Johor Baru. Billed as the world's fifth largest indoor theme park, its key attractions include Movie Planet, Cartoon Planet and Music Planet. Capital World CEO Siow Chien Fu (centre) with guest of honour Datuk Tee Siew Kiong, chairman of Johor Tourism, Domestic Trade and Consumerism Committee. Photo: CompanyThe 500,000 sq ft theme park named MCM Studio is sited within a new mall, Capital 21. The retail shops will be designed with themes reflecting major cities from the five continents, namely America, Europe, Australia/Oceania, Asia and Africa/Middle-East. Lots of details in its press release here.

Construction started in June 2014, and the mall and theme park are expected to open in August this year.

The hotel, to be managed by Hilton Group, is slated to open in 2019 followed by the serviced suites and apartments in 2020.

Capital World listed on the SGX through a reverse takeover of Terratech Group. The sole asset injected into the listco was Capital City which was then valued at S$300 million.

As consideration, new shares were issued at 28 cents apiece to three vendors, mainly its CEO, Siow Chien Fu.

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The share price of Capital World currently at 9 cents translates into a market cap of just S$114 million.  It's all in this story:  CAPITAL WORLD: Marks first FY as listco with strong profit - but weak share price

Perhaps come August 2018, if not sooner, Capital World will have opportunities to prove its value by drawing crowds to its theme park and retail mall.

And over a longer term, investors will watch for the sustainability of the attraction of Capital City.