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Haichang Ocean Park Announces Board Changes Amid Past Regulatory Issues

Story Highlights
  • Haichang Ocean Park appoints Mr. Yu and Mr. Lai to its board despite past penalties.
  • The company emphasizes their experience and integrity, noting no financial loss occurred.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Haichang Ocean Park Announces Board Changes Amid Past Regulatory Issues

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Haichang Ocean Park Holdings Ltd. ( (HK:2255) ) has shared an announcement.

Haichang Ocean Park Holdings Ltd. announced changes to its board composition with the appointment of Mr. Yu Faxiang as an executive director and Mr. Lai Zhilin as a non-executive director. Despite past administrative penalties related to financial reporting issues at Sunriver Culture Tourism, the company’s nomination committee supports their appointments, citing their extensive experience in corporate strategic development and operational management. The committee emphasized that the incident was isolated, with no financial loss to Sunriver Culture Tourism, and both individuals have demonstrated accountability and integrity in addressing the matter.

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. operates in the cultural tourism industry, focusing on the development and management of theme parks and related attractions primarily in the People’s Republic of China.

Average Trading Volume: 52,722,797

Technical Sentiment Signal: Sell

Current Market Cap: HK$9.91B

Find detailed analytics on 2255 stock on TipRanks’ Stock Analysis page.

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