From yesterday's SCMP The gist of the story is that an equity conversion will allow the Gov't to keep its percentage of share. But no deadline has been set, and guess what? It needs to go before Legco for a vote!
I think it will never pass legco. Also some legco members are asking for more transparency in HKDL's business reports. How many visit the parks? What are the gate receipts? How much is HKDL making on food & beverage? Hotel occupancy? etc etc. If HK Govt is majority shareholder, then they believe these figures should be made known to the HK public.
Jul 1992: Disneyland Paris
Apr 2006: Hong Kong Disneyland
Jul 2010: Disneyland and Disney's California Adventure
Mar 2011: Hong Kong Disneyland
Jul 2013: Tokyo Disneyland and Tokyo DisneySea
Sep 2013: Hong Kong Disneyland
Jul 2014: Disney California Adventure