Slaughter and May is advising CICC on the new share placing by Haichang Ocean Park Holdings Ltd

Slaughter and May, Hong Kong, is advising China International Capital Corporation Hong Kong Securities Limited (“CICC”) as placing manager in relation to the placing of 57,001,000 new shares in Haichang Ocean Park Holdings Ltd. (“Haichang Ocean Park”) representing approximately 1.41% of its enlarged number of issued shares (the “Placing”), which was announced on 2 June 2022 and is expected to close on 10 June 2022, raising HK$313.51 million (approximately US$40 million).

Capital Research Global Investors, an equity investment division of Capital Research and Management Company, a U.S.-based investment manager, on behalf of certain funds and/or accounts, has agreed to subscribe for 57,001,000 Placing shares.

The Placing represents an opportunity for Haichang Ocean Park to raise additional funds to finance the expansion plan of its Haichang Ocean Park group.

The net proceeds of the Placing will be used for the development and construction of a planned large-scale marine cultural theme park in Zhengzhou, the further expansion in the asset-light management output business and the working capital of the Haichang Ocean Park group.

Haichang Ocean Park is a leading marine-life theme park developer and operator in the PRC which offers a comprehensive tourism and leisure experience to visitors. It has been listed on the Main Board of The Stock Exchange of Hong Kong since 2014.

CICC is a licensed corporation under the SFO licensed to carry out Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities), Type 5 (advising on futures contracts) and Type 6 (advising on corporate finance) regulated activities.

Hong Kong
Benita Yu Senior Partner
Vincent Chan Partner
Jianhao Zheng Counsel

Michelle Tsang / Trainee