Mickey News °o° - Disney close to investing more capital in HK: source

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Disney close to investing more capital in HK: source
By James Pomfret and Gina Keating
Reuters
Link to Source
5/11/2009

The Walt Disney Co is close to agreeing to invest more capital in Hong Kong Disneyland and allow the island's government to convert its loans to equity to maintain its majority share of the theme park, a source involved in the talks said. If Disney and Hong Kong's government, which now owns 57 percent of the underperforming and much-maligned resort, can close a deal, it could pave the way for an expansion that is estimated will cost HK$3 billion ($387 million) and boost flagging attendance.