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If Ocean Park's 5.4 billion appropriation is rejected, vice chairman Liu Mingwei: once the liquidation expenditure involves 10 billion

2020-05-18T11:23:26.856Z


Because of financial difficulties, Ocean Park applied to the government for an allocation of 5.4 billion yuan. The Finance Committee of the Legislative Council is reviewing the allocation and is expected to vote this week. Liu Mingwei, deputy chairman of the Ocean Park Board of Directors, said in an interview with "Hong Kong 01" today (18th) that 5.4 billion yuan is the minimum amount to avoid liquidation, emphasizing "nothing is too small", and pointed out that if the loan is not returned, in the short term There will be people going into liquidation and the situation is critical. Liu Mingwei emphasized that the proposed funding is already the most feasible way to save the Ocean Park. If the park closes down, it is roughly estimated that the expenditure will need 10 billion yuan to house animals and sever 2,000 employees. Let me emphasize first that this is the most feasible method. "He also pointed out that the park wants to obtain funding, not only emotionally expecting the support of the Parliament, the continuous operation of the Ocean Park can continue, it is helpful for conservation, and the original animals and staff ’s Safeguard, "I know it's not compelling at all."


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Written by: Liang Huanmin

2020-05-18 19:14

Last update date: 2020-05-18 19:14

Because of financial difficulties, Ocean Park applied to the government for an allocation of 5.4 billion yuan. The Finance Committee of the Legislative Council is reviewing the allocation and is expected to vote this week. Liu Mingwei, deputy chairman of the Ocean Park Board of Directors, said in an interview with "Hong Kong 01" today (18th) that 5.4 billion yuan is the minimum amount to avoid liquidation, emphasizing "nothing is too small", and pointed out that if the loan is not returned, in the short term There will be people going into liquidation and the situation is critical.

Liu Mingwei emphasized that the proposed funding is already the most feasible way to save the Ocean Park. If the park closes down, it is roughly estimated that the expenditure will need 10 billion yuan to house animals and sever 2,000 employees. Let me emphasize first that this is the most feasible method. "He also pointed out that the park wants to obtain funding, not only emotionally expecting the support of the Parliament, the continuous operation of the Ocean Park can continue, it is helpful for conservation, and the original animals and staff ’s Safeguard, "I know it's not compelling at all."

Liu Mingwei, deputy chairman of the Ocean Park Board of Directors, has repeatedly stressed that he does not want to see the Ocean Park to be liquidated. (Photo by Lu Yiming)

The problem of financial difficulties in the Ocean Park has not been resolved. If it is not possible to solve the current capital flow problem, it is possible that all cash will be spent at the end of next month and facing bankruptcy. The government has applied to the Legislative Council Finance Committee for 5.4 billion yuan for the ocean. It is believed that the park's operating expenses and loan payments will be paid off in the next 12 months. The Legislative Council will vote as soon as this week. Liu Mingwei, deputy chairman of the Ocean Park Board of Directors, said in an interview today (18th) that it was suggested that 1.1 billion should be allocated to Ocean Park for operating expenses, and the current foreign commercial borrowings would be processed at a later time, but he emphasized that it was not feasible. I believe that if it does not pass the appropriation, I believe that someone will immediately enter the winding-up Ocean Park, and then have the opportunity to do a good job of chaotic winding-up. "Therefore, the amount" is not at least small, it is already the most. "

During his visit, Liu Mingwei repeatedly stressed that he did not want to see the Ocean Park going to be liquidated. He said, "No one will be in chaos when an organization is wound up, and employees and animals in the park must be greatly affected." I believe the outside world is not Good to see. Asked if he could not get funding from the Legislative Council and the amount involved in the park ’s winding up, he said, “We ’ve calculated that year, if we really want to wind up, we need to spend 10 billion yuan for burial, so it ’s absolutely Use 5.4 billion yuan to operate for one year first, and then review a more sustainable development plan. "It is emphasized that the park has opened up and cut costs, and then cut the budget by another third, which is not a" big wash ". The park pointed out that the money involved includes repayment of business. Loans, write-offs of government loans, animal placement, facility demolition, severance payments for full-time employees of the park, etc.

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When asked about the outside world's questioning that the park has learned of the decline in the number of people entering the park for many years, and was still facing a "zero fund, to close down" request for salvation immediately before, Liu said that the park group had transformed a few years ago when the number of mainland tourists began to decrease. Guests in Southeast Asia have increased by 40%. The admission rate of local citizens has also increased by more than 10% last year. This time, this severe situation has turned into a very urgent situation. It is definitely an unexpected situation for everyone. It is compelling, "We are on January 20 this year. Submitting a plan of 10.6 billion yuan, it is helpless to temporarily close the park after an outbreak in six days. It is completely a matter of fact that it will happen, plus it will take a certain amount of time to consider the reorganization of multiple operating plans, plus the schedule of the Legislative Council , I have tried my best, and the family first came up with an amount figure. "

He emphasized that as long as funding is received, the Park Reform Team will make preparations as soon as possible, knowing that the government understands the difficulties of the park and assists in any way, including considering changes to the Ocean Park Corporation Ordinance so that it can raise funds and raise funds with the outside world. Increase operating income, and can continue to develop. The park pointed out that there was indeed a consortium that wanted to join the operation of the Ocean Park, but because of the obstacles imposed by the regulations, it could not be done, but it was not just the Chimelong Group as outsiders said.

The tenure of Liu Mingwei and several management levels of Ocean Park will expire on June 30 this year. (Photo by Lu Yiming)

In fact, including Vice Chairman Liu Mingwei, the tenures of several management levels of Ocean Park will expire on June 30 this year. When asked if he considered choosing to stay, he did not respond positively, but he has different views on the candidates "Ocean Park can continue to develop by following intimidation, and the latest positioning. If you want to focus on roller coasters and crowds, you must find the right person. If you want to protect, you must be concerned. The experts, as board members, believe that a final decision will be made as soon as possible. ”Asked outsiders that former Ocean Park Chairman Sheng Zhiwen intends to return to the park to collaborate, Liu said that as long as someone is willing to participate in cooperation, he must consider it. He also said that he has experienced two Cooperating with the acting chairman, they are also working hard for the development of the Ocean Park, and they cannot compare the achievements of the two by their scores.

Ocean Park's application for 5.4 billion Liu Mingwei: avoid the minimum amount of liquidation to help the park transform

Annual report dismantles the mystery of 4 consecutive years of erosion in Ocean Park! An expenditure determines life and death

Liu Mingwei: It does not rule out the overwhelming revision of the Ocean Park Ordinance

Liang Zhenying rebukes Pan Hong for robbing Hong Kong: Ocean Park ’s financial difficulties and Pan Min ’s control of the Southern District Council are the cause and effect

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Ocean Park Legislative Council Finance Committee

Source: hk1

All news articles on 2020-05-18

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