Haichang Ocean Park delays circular on share subscription

Haichang Ocean Park Holdings Ltd. has announced a delay in the release of its circular regarding the subscription of new shares under a specific mandate, an application for a whitewash waiver, and a proposed increase in authorised share capital. The circular, initially expected by June 23, 2025, will now be dispatched on or before July 31, 2025. The delay is attributed to the need for additional time to finalize the circular's contents, including the Independent Board Committee's recommendation, the independent financial adviser's letter, and to address comments from the Stock Exchange and the Executive. The company has applied for and expects to receive consent from the Executive for an extension, according to Rule 8.2 of the Takeovers Code.