Hong Kong Disneyland to expand

June 28, 2009 Disney and the Hong Kong government have agreed a plan to expand the struggling Hong Kong Disneyland theme park. While Disney will pay for the new construction, the Hong Kong government will convert some HK$6 billion ($775 million) of its existing loans to the park into equity. Nevertheless, its share stake in the park will drop by a few percentage points from its current 57%, although the government will retain majority ownership.

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