China's Haichang Ocean Park jumps on Saudi Arabia's investment tie-up

Haichang Ocean Park Holdings

12/04/2023 05:17

** Shares of Chinese theme park operator Haichang Ocean Park
Holdings Ltd  2255.HK  surge as much as 15% to HK$1.92, their
highest since March 7, and on track for the third consecutive
session of gain
    ** Haichang says it has entered into a non-legally binding
memorandum of cooperation with the Saudi Arabia's Ministry of
Investment to explore investment opportunities in cultural
tourism industry in the country
    ** Co says the cooperation will explore opportunities
including development of ocean parks, aquariums, IP theme parks
and hotels
    ** Says the Ministry of Investment of Saudi Arabia will
assist in securing funding for project development
    ** The Hang Seng Commerce & Industry Index  .HSNC  falls 
1.3%, the Hang Seng Composite Index  .HSCI  slips 0.5% and the
Hang Seng Index  .HSI  eases 0.6%

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