Six Flags Raises Possibility of Canceling China Theme Parks, Shares Plunge

A rollercoaster makes a loop at Six Flags Amusement Park in Agawam, MA on June 8, 2000. Darren McCollester/Newsmakers/Getty Images

U.S. theme park operator Six Flags Entertainment Corp. on Jan. 10 raised the possibility of terminating all of its projects under construction in China due to the growing debt problems of its local partner, sending its shares down 16 percent.

Six Flags said in a regulatory filing its partner in China, real estate developer Riverside Investment Group, had defaulted on its payments to the company due to a declining market.