Market Chatter: China Tourism Group, Haichang Ocean Park in Talks for Potential Deal

MT Newswires Live10-25

China Tourism Group Duty Free (SHA:601888, HKG:1880) is conducting early due diligence on the assets of Haichang Ocean Park (HKG:2255) amid talks regarding a potential deal, Bloomberg News reported Friday.

The potential deals being considered vary from buying a stake, making a take-private offer to acquiring theme parks, according to the report. Haichang Ocean Park operates seven theme parks in China, the report said.

The two parties have yet to respond to Bloomberg's requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $69.07, Change: $+1.3, Percent Change: +1.87%

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