国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

Movie firm ready for NASDAQ-style board's IPO

By Bi Xiaoning (China Daily)
Updated: 2009-09-29 07:33

Huayi Brothers Media Group, the company with China's largest stable of major stars and top movie directors, is ready for action on the NASDAQ-style Growth Enterprise Board (GEB).

Related readings: Huayi Brothers gets IPO approval Huayi Brothers plans IPO in mailand or Hong Kong Zhang Liangying joins Huayi, Huayou

The company has obtained approval to be listed and will become the first Chinese Hollywood-style operation to go public on the mainland.

The average price-to-earnings (PE) ratio for the first 10 companies to be listed on the GEB is about 50. Industry experts said the company's issue price could be around 28.5 yuan ($4.2).

Analysts said its array of talent is likely to excite the imagination of the investment public and thrust the company into the limelight.

Names on the roster at Huayi Brothers Media Group include Huang Xiaoming, Luo Haiqiong, Li Bingbing, Ren Quan and Zhang Hanyu.

With the move, Huayi Brothers will be the first entertainment company listed on the A shares market.

Many of the firm's stars are also shareholders in the company.

According to the company's prospectus, top director Feng Xiaogang holds about 2.88 million shares, or 2.3 percent of the total current shares. Pop star Huang Xiaoming is also an owner, with 1.8 million shares.

Huayi Brothers' vice-president, Hu Ming, said the listing will help China's movie industry make up ground on foreign competitors.

"The Chinese entertainment industry has fallen behind its overseas counterparts for years," Hu said. "We might start late, but we are embracing a good development opportunity with the country's culture industry support plan."

Hu pointed out that six influential filmmakers in the US each have annual revenue in the tens of billions of dollars. By contrast, Huayi Brothers takes several hundred million yuan, suggesting lots of room for growth.

Huayi Brothers' revenue jumped 74 percent year-on-year to reach 409 million yuan in 2008. In the first half of 2009, the company recorded 31.63 million yuan in net profits.

Founded in 1994, Huayi Brothers was among the first filmmakers to make commercial movies in China. The company has produced several well-known works, including the war film Assembly and the romantic comedy If You Are The One.

According to its prospectus, Huayi Brothers plans to float 42 million A shares to raise 620 million yuan for movie and TV production, representing 25 percent of the enlarged capital stock.