日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Hospitality company Haichang sells assets to MBK Partners for $1b

By Zhu Wenqian | chinadaily.com.cn | Updated: 2021-10-18 23:07
Share
Share - WeChat
Tourists visit Haichang Ocean Park in Shanghai, East China, Nov 16, 2018. [Photo/Xinhua]

Haichang Ocean Park Holdings Ltd announced on Monday that private equity firm MBK Partners has agreed to acquire Haichang assets for 6.53 billion yuan ($1.01 billion), as the hospitality company takes steps to cut its debt.

MBK Partners will acquire four existing ocean theme parks from Haichang, namely, in Wuhan, Hubei province; Chengdu, Sichuan province; Tianjin; and Qingdao, Shandong province, as well as one still under construction in Zhengzhou, Henan province.

Hong Kong-listed Haichang is a Chinese developer and operator of theme parks and ancillary commercial properties. The company said it is witnessing high debt and increasing losses since the outbreak of the COVID-19 pandemic.

North Asia-focused MBK Partners, founded in 2005, is one of the largest private equity funds in Asia with over $25.4 billion of capital under management.

The two parties have also signed a brand authorization agreement and a transition service agreement, which will see the five parks continue to operate under the Haichang brand. Subject to shareholder approval of the disposal later this year, the transaction is expected to close by the end of the year.

The two sides will cooperate in areas such as intellectual property development, marine mammal care, new construction and expansion of theme parks, and upgrading of existing ocean theme parks.

Currently, Haichang has 11 ocean-themed parks nationwide, and it receives over 20 million visitors annually. Haichang has been awarded multiple national awards for its tourist attractions. In 2002, Haichang opened the Dalian Laohutan Pole Aquarium, China's first marine park to showcase animals from the North and South Poles.

MBK Partners is expected to leverage its strong track record in owning and operating similar businesses such as the Universal Studios in Osaka, Japan, and to unlock synergistic business opportunities with other companies in its portfolio.

Besides, the transaction allows Haichang to pursue new growth opportunities in hotels and tourism sectors and broaden its business focus beyond theme parks, with the COVID-19 pandemic gradually brought under better control in China.

"This deal offers a win-win situation for both sides and a strategic alliance for both parties. Haichang will be able to further improve its financial and asset structures to pursue an "asset-light" strategy. Haichang has great confidence in this partnership because of MBK Partners' strong financial position and resources, as well as its successful investment experience in Universal Studios Japan," said Zhang Jianbin, executive president of Haichang Ocean Park.

"In this strategic cooperation, Haichang will take advantage of the whole industry chain operation capability and talent resources accumulated over the years to provide tourists with better cultural and leisure experience and high-quality services," Zhang said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产精品1区2区 | 久草精品视频 | 日本不卡一区在线观看 | 欧美午夜a级限制福利片 | 97精品超碰一区二区三区 | 成人亚洲视频在线观看 | jizz18毛片| 91短视频版在线观看www免费 | 偿还的影视高清在线观看 | 久久久久成人网 | 欧美在线黄 | xifan在线a精品一区二区视频网站 | 大开眼界电影完整在线看 | 国产精品久久久久久久久久大牛 | 噜噜狠狠 | 亚洲国产中文字幕 | 成人一级黄色 | 久久草在线视频国产一 | 久久伊人一区二区三区四区 | 亚洲精品国偷拍自产在线观看 | 亚洲一区二区三区久久 | 超97在线观看精品国产 | 日本三级韩国三级欧美三级 | 亚洲国产午夜电影在线入口 | 男女激情动态视频 | 国产999精品久久久影片官网 | 欧美电影一区 | 我要看真正的免费毛片 | 又黄又爽免费无遮挡在线观看 | 在线高清中文字幕 | 97在线视频免费 | 性夜影院爽黄a免费视频 | 亚洲欧美小视频 | 欧美一区二区三区中文字幕 | 国内自拍视频在线观看 | 天天看片网站 | 欧美日日操 | 特黄特色的免费大片看看 | 国产网站视频 | 黄色精品视频 | 欧美久久综合 |