Kids
HK Disneyland clears USD 425 million loan
MUMBAI: Hong Kong Disneyland has cleared its loans of US$425 million with the help of The Walt Disney Company.
The park is 43 per cent held by Disney and rest is owned by Hong Kong government which suffered the most of US$3.5 billion construction cost.
Besides, since opening in September 2005, the park had suffered due to poor attendance.
The Walt Disney Co and the Hong Kong government were in talks to work out a deal to refinance the Hong Kong theme park after which the Hong Kong government, agreed to accept a cheaper financial arrangement from Disney.
