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  1. #1

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    expansion??? 31-12-2008

    From yesterday's SCMP
    Hong Kong’s government may accept equity rather than cash as repayment for part of a HK$6.1 billion loan it gave to Hong Kong Disneyland, its loss-making joint venture with Walt Disney, a newspaper reported on Wednesday.
    The gist of the story is that an equity conversion will allow the Gov't to keep its percentage of share. But no deadline has been set, and guess what? It needs to go before Legco for a vote!

  2. #2

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    Re: expansion??? 31-12-2008

    I think it will never pass legco. Also some legco members are asking for more transparency in HKDL's business reports. How many visit the parks? What are the gate receipts? How much is HKDL making on food & beverage? Hotel occupancy? etc etc. If HK Govt is majority shareholder, then they believe these figures should be made known to the HK public.

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