Minsheng Investment denied to the economic observer

NetEase Financial May 17 News of the People's livelihood investment night notice said, the company denied and Xinhua Yue Dynamic Media Co., Ltd. signed the purchase of Beijing through-View Advertising Co., Ltd. and Beijing Jing-Cheng Co., Ltd. shares of the relevant agreement, never on the matter with Xinhua Yue Media Co., Ltd. had any contacts and negotiations. People's Livelihood investment commitment, in the next three months will not plan major assets reorganization, acquisition, issue shares and other matters.　　Meanwhile, the 2010.5 annual results are expected to fall significantly year-on-year. The financial network published a report entitled "Lu Zhiqiang < Economic observer >" on May 14. reported that Lu Zhiqiang's people's livelihood investment has signed a preliminary agreement with Xinhua Yue, People's livelihood investment will be able to obtain Xinhua yue Dynamic held by Beijing Jing Guan Advertising Co., Ltd. and Beijing Jing-Cheng Co., Ltd. 100% Equity　　, the transfer price is about 150 million yuan to 200 million yuan. The report said that Beijing Jing-Jing Advertising Co., Ltd. and Beijing through Prudential Co., Ltd. has "economic observer" all the advertising agency, forum and distribution of revenue, which in the financial, real estate, energy investment in a wide range of pan-hai group into the media industry.　　People's livelihood investment promises to invest 50 million yuan a year to ensure the overall operation of the economic observer, including staff remuneration, printing and distribution costs. May 2009, Caijing magazine has reported that Xinhua Yue moved to sell the economic observer the right to operate.　　March 2009, the original Xinhua financial media renamed the current Xinhua Yue move, and began its own strategic transformation, the focus of business from the financial sector to sports, entertainment. But after a year of transformation, Xinhua Yue moved into a loss mire. May 11, 2010, Xinhua Yue released the company's fourth quarter and full-year results, the fourth-quarter loss of 295 million U.S. dollars, a year loss of 311 million U.S. dollars.