The Chinese side of the joint-venture holding company to build and run the Shanghai Disney theme park is to be dominated by one of the city's largest developers, local media reported yesterday.
Shanghai Shendi Travel Resort Development Company, a three-member consortium, will hold a 57 per cent stake in the theme park, the 21st Century Business Herald said.
The Shanghai Lujiazui Development Group - one of the driving forces behind the city's financial district - holds a 60 per cent stake in the company, giving it a 34.2 per cent holding of the theme park, 21st Century reported.
The second largest stakeholder is Jinwin Investment, with 30 per cent, while the remaining 10 per cent share is taken up by Shanghai Nanhui District Property.
The reported stake sizes were based on a registered capital of 130 million yuan from all three companies as of October 27, the article said.
Shendi - an amalgamation of Chinese abbreviations for Shanghai and Disney - was set up in August last year, according to media reports dating to March, but this is the first breakdown of its shareholding structure or the balance between foreign and local interests.
The Pudong district administration, which is responsible for the project, said it could not confirm or deny the reports.