China's Haichang Ocean Park climbs on progress in Saudi Arabia project

Haichang Ocean Park Holdings

15/12/2023 05:00

** Shares of China's marine-life theme park developer and
operator Haichang Ocean Park Holdings Ltd  2255.HK  climb 5.2%
to HK$1.02, their highest since Dec 1
    ** Stock on course for the biggest one-day pct gain since
Sept 18, if trend holds
    ** Co says its has entered into a non-legally binding
memorandum of understanding with the Tourism Development Fund
(TDF) of Saudi Arabia to jointly develop Haichang Ocean Park
project in the Kingdom of Saudi Arabia
    ** Says TDF will be responsible for studying opportunities
of securing funding for the project, while Haichang will be
responsible for development and operation 
    ** The Hang Seng Composite Index  .HSCI  rises 2.8%, the
Hang Seng Index  .HSI  surges 3%
    ** Stock down 37.5% YTD 

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))