Hong Kong May Get Shares, Not Cash, for Disney Loan

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Hong Kong’s government may accept equity rather than cash as repayment for part of a US$782 million loan it gave to Hong Kong Disneyland, its loss-making joint venture with Walt Disney Co, a Hong Kong newspaper said Wednesday.

The Sing Tao Daily newspaper, quoting unidentified sources, said the proposal was made by Walt Disney and details were being discussed with the government.

A government spokeswoman said the government and Walt Disney were discussing financing expansion plans for Hong Kong Disneyland but no decisions had been made. The proposal would allow Disney to lower its overall debt ratio and enhance its ability to borrow more money from banks.


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