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Junglia Okinawa holds shareholders meeting amid funding woes
Original: ジャングリア沖縄
Junglia, the new safari-style theme park in Okinawa, is holding a shareholders meeting on the 30th, with discussions focused on securing a new sponsor. Reports say the company has taken out bridge financing carrying a steep 6.9% interest rate, drawing attention to its financial strain shortly after opening. Japanese media and the public are watching whether the park can stabilise its finances.
Why now: The park's high-interest bridge loan and search for a new sponsor have raised concerns about its financial stability soon after opening.
Evidence
- ジャングリア30日に総会、新スポンサー焦点 つなぎ融資は金利6.9% · 日本経済新聞
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