DIS Walt Disney Co

   By Joanne Chiu 
 

The Hong Kong government plans to double the size of the Disneyland theme park with Walt Disney Co. (DIS) in the city.

Financial Secretary John Tsang told lawmakers during his annual budget speech Wednesday that the city's government will hold discussions with Walt Disney on further expanding the Hong Kong Disneyland resort, which is 52%-owned by the city's government and 48%-owned by Disney. He didn't specify when the planned discussion will take place.

The second-phase development will cover an estimated area of 60 hectares, like the first phase, with attractions, hotel development and retail facilities, said Mr Tsang.

Write to Joanne Chiu at joanne.chiu@wsj.com