Kids
Disney, Hong Kong govt in talks to refinance theme park
MUMBAI: The Walt Disney Co and the Hong Kong government are in talks to work out a deal to refinance the Hong Kong theme park.
The park is 43 per cent held by Disney and rest is owned by owned by Hong Kong government.
It is due to repay HK$2.5billion ($325 million) of loans in September.
But the two sides cannot agree on how it should be refinanced.
Losses at Hong Kong Disneyland decreased during the three months ended June 28, 2008, Disney said in the stock exchange filing.
