Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Richina Reopens Aquarium In Beijing

Richina Reopens Aquarium In Beijing

Statement made by Alastair MacCormick, Chairman, Richina Pacific Limited

Richina Pacific’s Blue Zoo aquarium business in Beijing will be reopening to the public from tomorrow (Tuesday, June 10) now that concerns regarding the spread of the SARS virus within Beijing have receded.

When the aquarium reopens, staff will, as an added precaution, daily disinfect the entire facility.

Life in Beijing and the surrounding districts is rapidly returning to normal with locals out on the streets, eating out and shopping.

The ban on nationwide travel in China is expected to be lifted in early July, and the Beijing Tourist Bureau already has plans in place for an intensive campaign to promote tourism and to attract visitors to the Capital when this occurs.

The full impact of the closure cannot yet be determined, as it is expected to be some time before tourist and educational visits build to normal volumes.

Last financial year Blue Zoo contributed a net surplus of $657,000 (3%) out of a Group operational surplus of $20,527,000 (before Group interest and overheads).

Given the expected loss of revenues which are not able to be fully offset by cash savings, it is likely a loss for the year to 31 December 2003 will be reported by Blue Zoo, but it is expected to remain cash positive.

The aquarium closed to the public on April 29.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news