Walt Disney Co will lose its option to buy a plot of land next to its Hong Kong theme park that was to allow for future expansion after the city’s government said on Wednesday it would not extend the option due to current economic conditions. The announcement comes as the Chinese-ruled hub tries to bolster its flagging economy and badly hit tourism sector, which was impacted heavily by anti-government protests last year and more recently, the coronavirus. In a file photo, men wearing face masks following the coronavirus disease (COVID-19) outbreak walk behind a closed gate at the Hong Kong Disneyland Resort in Hong Kong, China. REUTERS/Lam Yik Hong Kong’s Disneyland resort is owned by a joint venture, Hong Kong International Theme Parks Ltd (HKITP), of which the local government ...
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