Hong Kong wine baron named chairman of Ocean Park
Paulo Pong, founder of the Hong Kong wine company Altaya Group, has been appointed by the Hong Kong government as chairman of the board of Ocean Park Corporation.
Paulo Pong, founder of Hong Kong wine company Altaya Group, has been appointed by the Hong Kong government as chairman of the board of directors of Ocean Park Corporation, as it counts on the business-oriented entrepreneur to generate profits for the struggling theme park.
Pong, who was named vice president two years ago, will serve a two-year term from July 1, 2022 to June 30, 2024, succeeding Lau Ming-wai.
Commenting on the nomination, Edward Yau Tang-wah, Secretary of Commerce and Economic Development, noted that Pong’s rich business experience, deep understanding of future strategy and strong devotion made him a suitable candidate to assume the presidency. from the administration board. .
“As the outgoing Vice President who joined the Board in 2019, Mr. Pong has been actively involved in shaping Ocean Park’s future strategy and other important development projects of Ocean Park Corporation. “, Yau said.
Hong Kong’s second-largest theme park after Disneyland, Ocean Park was bailed out by the Hong Kong government after suffering cash flow difficulties due to the pandemic. In 2020, the Hong Kong government gave him HK$5.4 billion, and last year lawmakers approved an additional HK$2.8 billion package.
Pong founded Altaya Wines in 2001 and today the company provides services to private and professional clients ranging from wine list selection, consultation, menu matching to export and investment in wine.
It has one of the most extensive selections of rare and fine wines with more than 6,000 references from the best vineyards in the world, according to its website.
Pong is also an executive director of Classified Restaurant Group and a partner of JIA Group, which operates 12 restaurants and bars in Hong Kong.