Ocean park

China’s Haichang Ocean Park wins after appointing former Disneyland HK CEO to lead APAC

(Yicai Global) Jun 15 — Shares of Haichang Ocean Park Holdings rose after the Chinese theme park operator announced it had named a former Disneyland Hong Kong general manager as president for Asia- Peaceful.

Haichang [HKG: 2255] closed up 3.1% at 7.42 HKD (95 US cents) today, giving it a market capitalization of around 30.1 billion HKD (3.83 billion USD).

Jin Minhao, 59, who worked at Disneyland Hong Kong from August 2008 to March 2016, will be responsible for developing Haichang’s business in the Asia-Pacific region outside of China as well as operations, management and intellectual property. company said in a statement yesterday.

After leaving Disneyland, Jin joined Chinese commercial real estate giant Wanda Group as president of its theme park and entertainment business until January 2019. He also spent several years with the beverage giant Coca Cola.

During his tenure at Disneyland, the Hong Kong resort made its first profit in eight years since opening in fiscal 2012 and has remained profitable for three consecutive years, with net profit hitting a record $332 million. of HKD ($42.3 million) during the year. 2014. These were his only profitable years.

Founded in 2002, Haichang Ocean Park mainly manages theme parks and other commercial properties. It has 10 parks in China, located in Shanghai, Sanya, Dalian, Qingdao, Chongqing, Chengdu, Tianjin, Wuhan and Yantai, which receive more than 20 million visits annually, according to its website.

The Dalian-based company posted a net profit of CNY 845 million (USD 125.3 million) and revenue of CNY 2.5 billion (USD 370 million) for last year.

Publisher: Futura Costaglione