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An announcement from Haichang Ocean Park Holdings Ltd. ( (HK:2255) ) is now available.
Haichang Ocean Park Holdings Ltd. has disclosed that its chairman, executive director and chief executive officer, Yu Faxiang, is subject to criminal compulsory measures by the Shaoxing Public Security Bureau on suspicion of a criminal offence, with the case under investigation. The company said there has been no request from authorities for cooperation, no change of control, and that its directors and senior management continue to perform their duties, with production and operations remaining normal and no material impact on ordinary business expected; executive director Ouyang Ming has been proposed to assume Yu’s responsibilities on an interim basis. Separately, non-executive director Yu Honghua has resigned from the board and the remuneration committee for personal reasons, and has been replaced on the committee by non-executive director Lai Zhilin, while the company has cautioned shareholders and potential investors to exercise care when trading its securities.
The most recent analyst rating on (HK:2255) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Haichang Ocean Park Holdings Ltd. stock, see the HK:2255 Stock Forecast page.
More about Haichang Ocean Park Holdings Ltd.
Haichang Ocean Park Holdings Ltd. is a Hong Kong-listed operator of marine-themed parks and related leisure attractions, primarily serving the Chinese market through its portfolio of ocean parks and tourism-driven entertainment facilities.
Average Trading Volume: 51,728,676
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$6.28B
For an in-depth examination of 2255 stock, go to TipRanks’ Overview page.