HAICHANG HLDG (02255) Rebounds Over 5%, Stating No Obligation for Shareholder-Linked Financial Products

Stock News12-12

HAICHANG HLDG (02255) rebounded more than 5%, rising 5.68% to HKD 0.465 at the time of writing, with a turnover of HKD 22.19 million.

The company clarified recent media reports regarding overdue payments on financial products guaranteed by its controlling shareholder, Xiangyuan Holdings, and its actual controller. HAICHANG HLDG stated that its controlling shareholder is currently negotiating the resolution of the overdue payments. The financial products involved in the incident are unrelated to the group and its shares, and the group bears no obligation for repayment or guarantees. Operations remain normal.

Additionally, HAICHANG HLDG announced the official opening on December 6 of the "See Sanya" immersive night tourism project, a collaboration between Sanya Haichang Dream Ocean Night City and Sanya Manpu Cultural Tourism Development Co., Ltd. The board believes this entertainment project will significantly enhance the competitiveness of the Sanya park.

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