Dynamic Attractions has been sold. The struggling manufacturer was bought by a Hong Kong-based financial services film at a bankruptcy auction for about CAD$2 million. The company had assets worth far more than that, but liabilities valued at over $30 million led to the sale price being so low. In exchange, a lot of the company’s debt will be forgiven.
DA will continue to operate with their current staff intact, but it appears that a lot of its manufacturing equipment wasn’t included in the deal, including its plant in Vancouver. Most of the assets will be auctioned off in July, and a demonstration track for Harry Potter and the Forbidden Journey has already been bought up by Universal for a little under $150,000.
Dynamic Attractions, the engineering company which built many of Disney's most beloved rides, is set to be sold for $2 million to Hong Kong-based financial services firm Promising Expert Limited (PEL).
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