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Disney to Increase Funding of Hong Kong Expansion to Equal Government Investment

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Hong Kong disneyland Marvel Superheroes zone

Disney is to increase funding for Hong Kong Disneyland’s expansion by HK$330 million, reports The Standard.

The move will be well received locally where the business case for public investment is under scrutiny.  Disney have revised their proposal total investment to HK$5.45 billion,which will now be equal the amount requested from local government.

In a further public relations move, Disney will also offer locals the chance to win 50,000 complimentary tickets in prize draws.

The expansion plans include the launch of at least one new attraction almost every year from 2018 to 2023, and increase the number of themed areas from seven to nine, including Marvel and Frozen zones.

The government will be asking the Legislative Council to approve the investment.  After funding, the government would hold 52 percent of the company’s shares and Disney 48 percent.

Image: Disney

https://www.thestandard.com.hk/section-news.php?id=181331

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Rachel Reed

Rachel Read

Rachel is Finance Director. She has a degree in engineering from Cambridge University and qualified as a Chartered Accountant at Deloittes in London. She worked in finance in industry for twenty years. She oversees our news and also manages our events.

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