Haichang Holdings Ltd. (02255.HK), a mainland ocean theme park operator, said on Friday that it aims to raise up to HK$2.68 billion (US$345.3 miliion) in a Hong Kong initial public offering involving one billion shares, news website caixin.com reported Friday. The company will use half the listing proceeds to fund the construction of a theme park in Shanghai that is expected to open in the second half of 2016, it said. Forty percent of the money raised will be used for a facility in Sanya in Hainan province while the remainder will be used as working capital, the company was quoted as saying in a regulatory filing. Haichang currently operates six ocean theme parks in Dalian, Qingdao, Tianjin, Yantai, Wuhan and Chengdu.
– Contact HKEJ [email protected]