Bleeding cash and mired in debt, Haichang teeters on the brink of collapse
The struggling marine theme park operator’s revenue slid in the first half of the year and its loss widened, as its massive debt load continued to swell Key Takeaways: Haichang…
BRIEF: Ocean Park sells controlling stake in $293 million share placement
Theme park operator Haichang Ocean Park Holdings Ltd. (2255.HK) said on Monday it has agreed to sell 5.1 billion new shares to Sunriver Group for HK$0.45 apiece, raising HK$2.3 billion…
BRIEF: Haichang says major shareholder has no plans to privatize the company
Responding to recent market rumors, theme park operator Haichang Ocean Park Holdings Ltd. (2255.HK) announced on Sunday that it has no plans to sell assets and its controlling shareholder has…
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