The Demise of Florida Splendid China – part 15

One of the tricks used against the opposition to the park was to lie and state that the Chinese government really did not own the theme park or have anything to do with the operations there.

One member of Citizens Against Communist Chinese Propaganda went to Hong Kong before the takeover and obtained a prospectus of the parent company of Florida Splendid China. Quoting from page 15:

Emblem of the State Council of the People's Republic of China

Emblem of the State Council of the People’s Republic of China

Ownership and Control Structure
On 9 July 1996, the authorised and issued share capital of the Issuer was increased from HK$100 million to HK$700 million. The issued share capital of the Issuer is held by six of its directors and one deputy general manager* on trust for China Travel Service Head Office of the PRC, which is owned by the Overseas Chinese Affairs Office (“OCAO”) of the State Council of the PRC.
OCAO is one of the working organisations of the State Council of the PRC, responsible for the liaison and promotion of overseas Chinese affairs. Both the Issuer and the China Travel Service Head Office of the PRC are directly accountable to the OCAO. The appointment of senior management of the Issuer needs to be approved by OCAO. The current General Manager of the Issuer is Mr. Zhu Yue Ning. He was the Deputy Mayor of Shenzhen from 1986 to 1994, responsible for development in industry, communication and technology, and has extensive experience in corporate management and economic development.
The directors and senior management of the Issuer are responsible for day-to-day management and determine policies and strategies. OCAO directly oversees and influences overall policy and strategy of the CTS group.

The State Council of the People’s Republic of China, as described on their website:

is the highest executive organ of State power, as well as the highest organ of State administration.

Seriously, how can anyone say that the theme park was not linked to the Chinese Communist Party controlled People’s Republic of China government?

For Freedom,
Freedom’s Herald

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