>Disney to pump new funds into HK park

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>Walt Disney has agreed to finance a HK$3.63bn ($467m) expansion of its struggling theme park in Hong Kong to lure more visitors, following two years of “challenging” negotiations with the territory’s government.
Disney, which has a joint venture with the Hong Kong government to operate the park, will inject HK$3.5bn of new capital to fund the expansion. The US company will also put in HK$2.7bn by converting its loans in the partnership to equity.

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