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Written by: Liang Huanmin
2020-05-15 15:00
Last update date: 2020-05-15 15:00In recent years, Ocean Park has suffered many losses and faced financial difficulties. If it fails to solve the current capital flow problem, it is possible that it will run out of cash at the end of June and face bankruptcy. The government has applied to the Legislative Council Finance Committee for 5.4 billion yuan for the ocean In the next 12 months, the park ’s operating expenses and loan payments will be reviewed by the Legislative Council Finance Committee at today ’s (15th) meeting and will determine the fate of the Ocean Park.
The government has applied to the Finance Committee of the Legislative Council for an allocation of 5.4 billion yuan for Ocean Park ’s operating expenses and loan repayment in the next 12 months. (Profile picture)
The Secretary for Commerce and Economic Development Qiu Tenghua said on Monday (11th) that after nearly four months of review, the Hong Kong government announced the new plan and formally applied to the Legislative Council for funding, mainly to assist Ocean Park to overcome immediate financial difficulties so that it can maintain Operation. In fact, Ocean Park, which has suffered losses many times in recent years, has been closed for more than 100 days due to the epidemic and lost 1 million passengers. The chief executive officer of Ocean Park, Li Shengzong, publicly stated last week that the current capital flow cannot be close to September. It is understood that Ocean Park and the Hong Kong government will halve the funding application, that is, only inject about 5 billion yuan into Ocean Park, and the construction of the seven parks originally planned for development will be temporarily suspended.
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Ocean Park Legislative Council Finance Committee
