HK Stock Market Move | HAICHANG HLDG(02255) rose nearly 20% in morning trading, Beijing HAICHANG HLDG accelerates construction, the company continues to promote the commercialization of IP.

HAICHANG HLDG (02255) rose nearly 20% in early trading, rising 16.98% as of the time of writing to 0.62 Hong Kong dollars, with a trading volume of 61.89 million Hong Kong dollars. On the news front, on January 7th, Beijing's Tongzhou district announced that by 2025, the sub-center will advance the planning of the second and third phases of the Universal Theme Park, accelerate projects such as Vertex Park and HAICHANG HLDG, and promote the opening of the "Wanli" commercial project. Guotai Junan pointed out that HAICHANG HLDG has signed contracts with multiple well-known IP holders using theme parks as the core, and has already established the Ultraman Theme Hall and the One Piece Treasure Area, which are well received. There is potential to further realize the commercialization of IP. It is worth noting that in November 2024, HAICHANG HLDG announced the signing of a non-binding indicative term sheet with an industrial fund, whereby the fund plans to subscribe to $100 million convertible bonds issued by HAICHANG HLDG. This potential financing will not only bring funds to the company for general corporate capital expenditures and working capital, but may also result in the fund becoming a major shareholder of the company, introducing new directors and senior management, establishing significant strategic cooperation relationships that involve the company's current and future business.