Govt To Study Ocean Park's Options: Edward Yau

The Commerce Secretary, Edward Yau, said on Saturday that the government will study in the coming half year whether Ocean Park can help to boost the development of the Southern District - although he didn't give details.

The Legislative Council Finance Committee is vetting a HK$5.4 billion cash injection to stop the park from closing down as early as June.

Speaking on a radio programme, Yau said he didn't want to see the cash-strapped park become a victim of the coronavirus outbreak and economic downturn.

He says Hong Kongers have emotional ties with the park - whether it's profitable or not.

Yau said the theme park needs to adjust its positioning after its immediate cash issues are solved.

He said the government won't keep subsidising the park when it faces operational problems.

In January, the amusement park requested funding of HK$10.6 billion for a revamp to shore up its visitor numbers.