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Walt Disney Company granted approval of Shanghai theme park plans

Nov 04, 2009 (M2 EQUITYBITES via COMTEX) --

Company: Walt Disney Co (DIS)

Family entertainment group The Walt Disney Company (NYSE:DIS) has received approval from the relevant authorities of the central government of China for its Disney theme park project in the Pudong district of Shanghai, the company disclosed on Tuesday.

This approval of the Project Application Report will allow Disney and its Shanghai partners to move towards a final agreement and begin preliminary development work. The first phase is expected to include a Magic Kingdom-style theme park tailored to the Shanghai region. 

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News Provided by COMTEX

Company: Walt Disney Co (DIS)


Related terms: china, entertainment, family, government, nyse, shanghai

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