Deals
China Tourism Group Weighs Deal for Haichang Theme Parks
- CTG weighs buying stake, some of Haichang’s parks as an option
- State-backed firm conducting due diligence on some theme parks
A ray swims at the Haichang Whale Shark Ocean Park in Yantai, China.
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China Tourism Group Corp. is considering a potential deal to gain control of some of the country’s most iconic theme parks run by Haichang Ocean Park Holdings Ltd., according to people familiar with the matter.
The state-backed tourism company has held discussions with the Hong Kong-listed park operator about a potential transaction, the people said, asking not to be identified as the talks are private. It has been studying various possibilities including buying a stake in Haichang from its controlling shareholder, making a take-private offer or acquiring individual theme parks, the people said.