Disney to expand Hong Kong theme park

The government has reached an agreement with the Disney company for a multi-billion dollar expansion of the Hong Kong theme park, local and overseas media reported. The government is expected to announce details next Tuesday. It is believed that the deal is expected to be worth about HK$7 billion, with HK$4 billion of the money used to expand the park, according to reports. Reports say the administration will still be the majority shareholder.

China Daily - Agencies

(HK Edition 06/26/2009 page1)