Interesting:
HONG KONG (AP) - A third leading Chinese movie studio is aiming for a listing—this time on the New York Stock Exchange—as the country's entertainment companies turn to the capital markets to raise funds. Beijing Polybona Film Distribution Co. is aiming to go public in the second half of next year or the first half of 2011, Chief Executive Yu Dong told The Associated Press in a phone interview Tuesday. The company will start drafting its listing application early next year, he said.
Polybona's rivals are making similar moves. Huayi Brothers Media Corp. debuted on China's new small companies market in the southern city Shenzhen on Friday, surging 148 percent on its first day of trading. The state-run China Film Group is planning to list in Shanghai, spokesman Weng Li told the AP recently. Yu said he wants to list Polybona in the U.S., where entertainment stocks are common, to open up the company to American and other foreign investors.
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I can tell you Polybona is real big! :) becoz I kinda worked with them before. Huayi is big too with contracts with alot of good actors and actresses in China.
ReplyDeletejust did more research :P from the chinese news site.
ReplyDeleteFrom 2003, it has made over 1 billion US from movie @ theatre revenue. It doesn't include its international distribution of some very popular china films. It has 20% of the China film market.
p.s. If you know Jacky Chan and Chow Yun Fat... some of their movies are presented by Polybona :)