The newly completed deal includes the transfer of theme parks in Wuhan, Chengdu, Tianjin and Qingdao to MBK Partners with 100 per cent equity.
Haichang Ocean Park has announced a series of agreements with MBK Partners, a leading private equity fund in Asia, including strategic cooperation agreements, shareholder agreements, equity purchase and sale agreements, brand licensing agreements, and transition service agreements.
The two companies will now cooperate on the promotion of the Haichang brand, as well as IP development, biotechnology, new theme parks, stock upgrades and transformation. MBK Partners could also potentially participate in the expansion and development of Shanghai Haichang Ocean Park.
Haichang Ocean Park’s theme parks in Wuhan, Chengdu, Tianjin and Qingdao will be transferred to MBK Partners with 100% equity, while the two entities will jointly operate the Zhengzhou theme park, which is currently under construction, with MBK partners holding a 66% stake in this project.
The parks will keep using the Haichang brand, and Haichang will provide MBK Partners with marketing and brand promotion, animal rental and conservation support. For the Zhengzhou project, Haichang will also support park construction supervision, human resources, property management and financial system management.
