Haichang Ocean Park raises HK$2.3bn through share issue

Haichang Ocean Park Holdings secured shareholder approval to issue 5.1 billion new shares at HK$0.45 each, raising approximately HK$2.3 billion. The company also increased its authorized share capital from $500,000 to $750,000.

Shareholders approved a whitewash waiver with over 75% support, allowing the capital increase to proceed without triggering mandatory takeover rules.