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Government may sell its Disney stake

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The government may eventually sell its 57 per cent share of Hong Kong Disneyland, a top official said yesterday.

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Secretary for Financial Services and the Treasury Frederick Ma Si-hang said that it might sell its holding in the theme park when it was 'in the overall economic interests of Hong Kong'.

'In the long run, the government may consider in the light of the 'big market, small government' principle to divest its shareholdings in the company at an appropriate time,' Mr Ma said, in a written reply to a question by legislator Emily Lau Wai-hing.

But he refused to disclose detailed accounts on the theme park, including the construction and operating costs, daily attendance, income from the sale of merchandise and other revenue.

An official source said it had always been in the government's mind that its investment in Disney would be sold on the market.

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But the source did not give any timetable for the possible sale, saying: 'Disney has just started operating ... It is too early to say when and whether the theme park will be listed or sold to individual investors.'

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