Ocean Park Hong Kong Bailout

Hong kong s tourism commissioner has defended the government s plan to pump hk 10 6 billion into struggling ocean park saying it was not simply a short term move to stop the bleeding. Hong kong government to propose revised bailout plan for ocean park soon the cash injection is a little over half of the hk 10 64 billion the government proposed in january as a longer term.

Fan Ho Hong Kong Master Street Photographer 1 Hoeden Straatfotografie Zwart Wit

Scmp reports that hong kong lawmakers are struggling to agree on a hk 5 4 billion for the city s iconic theme park ocean park.

Ocean park hong kong bailout. Hong kong s government has unveiled a hk 10 64 billion us 1 4 billion plan to bail out the financially strapped ocean park with its chairman making an emotional plea for public support. We can t see the tourism industry having. Ocean park hong kong s future remains uncertain as lawmakers failed to agree on a government bailout plan to inject hk 5 4 billion into ocean park.

Secretary for commerce and economic development edward yau tang wah told a legislative council finance. It was a great opening at hong kong s iconic theme park ocean park as it resumed operations on saturday june 13 after being temporarily closed for more than four months due. Hong kong government to propose revised bailout plan for ocean park soon sources say a hk 10 6 billion proposal tabled in january to revive the park will not go ahead and officials will instead.

Ocean park hong kong will be bailed out by the hong kong government as lawmakers have approved an hk 5 4 billion us 0 7bn relief fund for the theme park to keep operating for another 12 months. On friday the legislatures weren t convinced about the financial package to save the theme park. Hong kong s beleaguered ocean park needs an urgent hk 5 4 billion bailout lest it run out of cash and go out of business next month the government has announced.

According to the south china morning post lawmakers blamed the hong kong government for failing to devise a credible rescue plan. The 43 year old park has been shut since 26 january due to the coronavirus pandemic. Hong kong s tourism commissioner has defended the government s plan to pump hk 10 6 billion into struggling ocean park saying it was not simply a short term move to stop the bleeding joe wong chi cho said on tuesday the proposal would allow the theme park to make money and reinvent itself as a top.

According to south china morning post 32 legislators approved the lifeline for ocean park 20 legislators voted against it and two abstained.

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