Six Flags Signs Agreement For Two Additional Parks In China

Six Flags Entertainment Corp. said Wednesday that it has entered into an agreement to open a second theme park and a water park in the Bishan district of China, an area with a population of about 120 million people. The agreement is "subject to negotiation of definitive documents," according to a statement. Six Flags is working with an existing partner, Riverside Investment Group Co. Ltd., to develop the parks. The first Six Flags park is slated to open in 2019 near Shanghai. Six Flags shares are up 28.8% for the past year, while the S&P 500 is up 1.8% for the same period.