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Written by: Liang Huanmin, Ouyang Dehao
2020-05-11 13:55
Last update date: 2020-05-11 14:10At the beginning of the year, Ocean Park submitted a development plan to the government, seeking funding of 10.64 billion yuan to build seven major parks and to overcome financial difficulties. However, the estimate at that time was not affected by the epidemic and the park would be temporarily closed. The government formally submitted a capital injection plan to the Finance Committee of the Legislative Council, recommending an allocation of RMB 5,425,564 million to fund the operation of the Ocean Park for one year before completing the review. The government will also provide additional funds of RMB 13.23 million to allow the government to conduct a re-examination, find a way for the "rebirth" of the Ocean Park and revise the loan terms of the Ocean Park Redevelopment Project and the Ocean Park Dashu Bay Development Project loan, so that the loan Repayments will only begin in September 2021.
The Secretary for Commerce and Economic Development Qiu Tenghua will announce proposals for a new funding plan to support Ocean Park at 2pm today (11th). Ocean Park Board Chairman Kong Lingcheng and Vice Chairman Liu Mingwei will also attend. "Hong Kong 01" live broadcast.
The Secretary for Commerce and Economic Development Qiu Tenghua will announce proposals for a new funding plan to support Ocean Park at 2 pm today (11th). (Profile picture)
The government pointed out that the epidemic has brought tremendous impact and challenges to Ocean Park Corporation, which has further deteriorated the operating situation, "deeply in financial difficulties and on the verge of bankruptcy", and may face the crisis of liquidation in June 2020. The authorities pointed out that it is necessary to formulate a direction for the "rebirth" of the Ocean Park, and it is necessary to take financial measures to temporarily subsidize its operations and save the Ocean Park.
Qiu Tenghua also pointed out that he hopes that the Finance Committee of the Legislative Council will approve the appropriation before June, otherwise Ocean Park will inevitably fail.
Li Shengzong pointed out last Friday (8th) that the park has lost more than 1 million visitors in the past 100 days since the fight against the epidemic. It is still using the previous unpaid leave of staff and salary reduction measures for senior management to reduce costs. The insufficient Ocean Park lamented that the current situation "may not be until September."
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