HK govt proposes HK$5.4 billion bailout for Ocean Park

This picture taken on May 4, 2020 shows workers walking in the grounds of the currently closed Ocean Park, in Hong Kong. - AFP

HONG KONG (China Daily/ANN): The Hong Kong government said on Monday (May 11) that it is preparing a revised bailout plan to inject HK$5.4 billion into cash-strapped Ocean Park, amid growing concerns that the city’s iconic marine-life theme park will cease operations as early as June.

The park, which opened in southern Hong Kong Island in 1977, had already sought a HK$10.64 billion cash injection from the SAR government in January for long-term development.