Mainland China theme park operator applies for listing in Hong Kong (opens original article in a new tab)

A mainland China theme park operator has applied for an IPO in Hong Kong, following other non-tech companies, as competition in the sector intensifies and the company reports slowed revenue growth and declining profits.

• Kaifeng Millennium City Park Inc. submitted an IPO application in Hong Kong.
• The theme park recreates a famous Northern Song dynasty painting and faces increasing competition in mainland China.
• The company's revenue grew 0.6% in 2023 while net profit fell 23.7%.