Stock Track | Haichang Ocean Park Soars 25.27% After Securing $100M Financing Deal

Stock Track2024-11-21

Shares of Haichang Ocean Park Holdings Ltd. (02255.HK) surged 25.27% on Thursday as the company announced a potential $100 million financing deal with an industry fund to issue convertible bonds.

In a brief announcement, Haichang Ocean Park revealed that it has entered a non-legally binding indicative term sheet with an unnamed industry fund. Under the proposed agreement, the fund would subscribe to $100 million worth of convertible bonds issued by the company.

The financing deal comes as Haichang Ocean Park faces a loan repayment issue. The company disclosed that it received an overdue loan collection notice from a bank on November 18th, alleging that debts of RMB 50 million under a loan agreement with one of its units have become due.

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