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Written by: Huang Weilun
2020-05-29 18:01
Last update date: 2020-05-29 20:55If the financial difficulties of the Ocean Park are not approved by the Legislative Council, it will go bankrupt by the end of June. After many meetings, the Finance Committee of the Legislative Council did not vote. The meeting continued today (29th) afternoon. Guo Jiaqi, a member of the Citizens ’Legislative Council, once moved to adjourn the meeting, but was rejected.
The final meeting proposed a vote on the appropriation at about 6 pm, with 32 votes in favor, 20 votes against, and 2 abstentions. The appropriation was approved.
Ocean Park appropriation member suggested to postpone repayment Qiu Tenghua: Park has hibernated and then prolonged sleep
The Legislative Council continues to review the Ocean Park's 5.4 billion appropriation
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According to the documents of the Tourism Commission, in this grant application, 3.09 billion yuan was used to repay commercial loans and related financing costs, including 3.07 billion yuan to repay commercial loans due soon, 9.194 million yuan related interest, and 11.33 million yuan hedging Loan interest. It was revealed before the meeting that Ocean Park borrowed money from the Bank of China.
At the meeting, a number of pan-fingers asked the financial problems of Ocean Park and found it difficult to support the funding. Guo Jiaqi moved to suspend it, describing the Ocean Park as a "lost family", criticizing the park for "swinging and cheating", and ultimately asking the Finance Committee to "fill in the water". He said that despite more than 13 hours of discussion, there were still many unresolved issues and the future direction of development was unclear. He hoped that there would be enough time to obtain more information and documents from the government to understand the discussion.
Democrat Xu Zhifeng believes that Ocean Park can no longer rely on selling memories alone and supports the suspension to continue. However, the suspension was continued with 21 votes in favor and 30 votes against was rejected.
Penguins at Ocean Park were born in Hong Kong and have never been to Antarctica. (Photo by Li Zetong)
Democratic Alliance for Democracy Alliance Member Jiang Liyun believes that the current situation in Ocean Park stems from the epidemic and demonstrations. However, it is the responsibility of the Bureau to think about how Ocean Park "stops out" instead of going to the Legislative Council to request funding. She also believes that the park needs repayment, otherwise it will affect government credit and the image of a financial center.
After voting on a number of motions, at about 6 p.m., the meeting proposed a vote on the appropriation. In the end, 32 votes were in favor, 20 were against, and 2 abstained, and 5.4 billion yuan was approved.
Ocean Park: the funding will be used carefully
Ocean Park responded that it would like to thank the Finance Committee of the Legislative Council for supporting the park through government funding so that the park can continue to operate and serve the community. The park will use this funding carefully to effectively control operating expenses and various costs and actively cooperate with the government Examine the work of Ocean Park and let the park re-start, hoping to reopen hospitality as soon as possible.
Ocean Park appropriation member suggested to postpone repayment Qiu Tenghua: Park has hibernated and then prolonged sleep
The Legislative Council continues to review the Ocean Park's 5.4 billion appropriation
Ocean Park has yet to vote at the end of the Finance Committee's 5.4 billion appropriation meeting
Ocean Park went to the Finance Committee to discuss the 5.4 billion yuan allocation to support the democratic faction and question the new positioning
[Ocean Park] Ten years of captive nursing staff: they live happily
Ocean Park Legislative Council Legislative Council Finance Committee
