Shanghai Disneyland's Chinese partner named

16:07, December 03, 2009      

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The Shanghai Disneyland project has a partner, Shanghai Shendi Travel Resort & Development Co. Ltd., a source close to the matter disclosed Wednesday. It will have a 57 percent stake in the Walt Disney Company in Shanghai.

Also, the shareholders of Shanghai Shendi, which was established last year, have also been set. Shanghai Lujiazui Development (Group) Co. Ltd. holds 60 percent, Shanghai Jinwin Investment Co. Ltd. has 30 percent and Shanghai Nanhui Real Estate Co. Ltd. holds 10 percent.

The establishment of the names of the shareholders signals that investment for the Disneyland project has begun rolling out formally.

As Shanghai Shendi will have a 57 percent share of the Disney project that means Shanghai Lujiazui Development (Group) Company Limited holds a 34.2 percent stake in the whole Disneyland project, Shanghai Jinwin Investment Co., Ltd. holds 17.1 percent, and Shanghai Nanhui Real Estate Co. Ltd. holds 5.7 percent.

Shanghai Lujiazui Development (Group) Company Limited will be the second-largest shareholder of the Disney project after US-based Walt Disney Company.

The registered capital of Shanghai Shendi is 130 million yuan.

Meanwhile, the operating model of Shanghai Disneyland was still undecided.

Analysts said that if the Shanghai project follows the management model of the Disneyland in Hong Kong or Tokyo, US-based Disney will send a management team to Shanghai.

But the establishment of Chinese shareholders also influences the future operations of the project, analysts pointed out.

Source: Global Times
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