The completion of a multi-million-yuan Disney-style theme park privately owned by Yang Bin, China's second-richest man and chairman of Hong Kong main-board listed Euro-Asia Agricultural (Holdings), has been pushed back to next summer.
While blaming poor co-ordination between the design team and the contractor for most of the delay, Euro-Asia financial controller Yan Chuang yesterday conceded funding pressure had taken its toll.
'You can't say there is no funding pressure,' he said.
'But it is not insurmountable.'
The trial launch was previously set for late this year.
With indoor beaches and tropical gardens, it is a key element of Mr Yang's 1.8 billion yuan (about HK$1.68 billion), 400 hectare Holland Village in Shenyang. The complex also includes 350,000 square metres of residential property and part of Euro-Asia's flower and vegetable production.
Euro-Asia officials have insisted Euro-Asia and Mr Yang's private business are run separately but there has been persistent investor concern that Mr Yang might be tempted to use the listed vehicle to raise funds for his private business interests.