Hong Kong agrees to invest $3.2 billion to lure Disney

Article Abstract:

Walt Disney Co Disneyland is set to develop its fifth amusement park, this time in Hong Kong, after the Hong Kong government agreed to invest over $3.2 billion for the project. The government believes that the facility could contribute $19 billion to Hong Kong's economy within 40 years. Disney, in the meantime, will benefit from minimal investment in building its presence in Asia. However, some are skeptical about the 310-acre project's ability to generate strong tourist attendance and about the government's involvement.

Facilities & equipment, Amusement and Theme Parks, Amusement Parks, Walt Disney Co.

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Private software firm in China steels its way into market

Article Abstract:

Privately-owned Chinese company Clever Software Group is planning to acquire 40% of a government-owned steel company for 250 million yuan ($30 million). The move is part of its plan to list its shares on the Shanghai stock exchange, because private companies are not allowed to list shares on stock exchanges in China. Clever Software sells educational software and is setting up an on-line bookstore in China.

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Private software firm in china steels its way into market

Article Abstract:

Privately-owned Chinese company Clever Software Group is planning to acquire 40% of a government-owned steel company for 250 million yuan ($30 million). The move is part of its plan to list its shares on the Shanghai stock exchange, because private companies are not allowed to list shares on stock exchanges in China. Clever Software sells educational software and is setting up an on-line bookstore in China.

China, Software Publishers, Acquisitions & mergers, Educational Software Pkgs (Micro), Educational software

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