Paramount denies plans for Chinese park with Hong Kong developer (updated)

Posted | Contributed by supermandl

Viacom Inc.'s Paramount Parks plans to build a $1.5 billion theme park in the eastern Chinese city of Hangzhou in partnership with Shui On Group Ltd., a Hong Kong developer, according to the municipal government and the builder.

Read more from Bloomberg.

Update: Paramount denies they're involved in these plans. Read more from Bloomberg.

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