$800m more to be invested in Shanghai Disney park
By Gao Changxin in Shanghai | China Daily | Updated: 2014-04-30 07:32
The Walt Disney Co and the Shanghai Shendi Group are spending an additional $800 million on their theme park resort in Shanghai to add more attractions before it opens at the end of 2015.
The additional spending raises the investment total to about $5.44 billion for the park's two owners. Shanghai Shendi is a conglomerate of State-owned enterprises established by the city government to develop the park.
Shendi has a 57 percent stake in the park, with Disney holding the remainder.
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