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Bus Online denies Disney planning to buy stake

By Yan Pei
0 CommentsPrint E-mail China.org.cn, February 10, 2010
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China's business press carried the following stories on Wednesday. China.org.cn has not checked the stories and does not vouch for their accuracy.

Bus Online denies Disney planning to buy stake -- National Business Daily

Bus Online CEO Chen Yue denied media reports that a consortium led by Walt Disney Co. was planning to buy a stake in the company, the National Business Daily reported Wednesday.

"Disney has not been in touch with us," said Chen.

Media reported Monday that a group of companies led by Disney was in talks to purchase 30 to 40 percent of Bus Online's shares for US$100 million. The transaction was reportedly to be conducted through private placement and involve purchasing existing and newly-issued shares.

Bus Online, founded in March 2003, is a leading mobile TV service provider in China. In 2009, the company's revenue was US$314.5 million.

An employee of Walt Disney said the report was "just a rumor".

CCB sets 2010 lending target at 750 bln yuan -- Shanghai Securities News

China Construction Bank (CCB), one of the country's big four lenders, has set its lending 2010 target at 750 billion yuan, Shanghai Securities News reported, citing an unnamed source.

The source said that the big four banks have set their lending targets for 2010 under the guidance of the regulatory authorities. According to market rumors, the lending targets for Industrial and Commercial Bank of China, Agricultural Bank of China and Bank of China are set at 850, 700 and 600 billion yuan, respectively.

CCB refused to comment.

Airbus to deliver 100-plus aircraft to China in 2010 -- Beijing Business Today

Airbus SAS, the world's biggest plane maker, said it will deliver more than 100 aircraft to China in 2010, the company said Tuesday.

Airbus delivered a total of 78 aircraft to Chinese airline companies in 2009, accounting for 16 percent of the company's 498 deliveries. The 78 deliveries to China included 11 A320-family aircraft that were assembled at the Final Assembly Line China (FALC) in Tianjin.

In 2009, Airbus was involved in industrial cooperation deals with China worth US$140. The areas of cooperation included purchase of raw materials and components, design and R&D of Airbus planes and aircraft assembly and delivery.

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