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China Tourism Group Corp. is considering a potential deal to gain control of some of the country’s most iconic theme parks run by Haichang Ocean Park Holdings Ltd., according to people familiar with the matter.
Tom Anstey | Planet Attractions | 25 Oct 2024
China Tourism Group Corp. is considering a potential deal to gain control of some of the country’s most iconic theme parks run by Haichang Ocean Park Holdings Ltd., according to people familiar with the matter.
The state-backed tourism company has held discussions with the Hong Kong-listed park operator about a potential transaction, the people said, asking not to be identified as the talks are private. It has been studying various possibilities including buying a stake in Haichang from its controlling shareholder, making a take-private offer or acquiring individual theme parks, the people said.
China Tourism Group has been conducting early due diligence on the company’s assets, the people said. Considerations are at an early stage and may not lead to any transaction, they said.
China Tourism Group and Haichang didn’t immediately respond to requests seeking comment.
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