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China Film plans biggest IPO in country's entertainment industry

Published Wed, Jul 20, 2016 · 09:50 PM
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Hong Kong

CHINA Film Co, the nation's largest movie distributor, is planning a 4.09 billion yuan (US$831.5 million) initial public offering in what would be the biggest IPO in the country's entertainment industry.

The unit of state-owned China Film Group Corp plans to offer as many as 467 million shares to be listed on the Shanghai Stock Exchange, according to a filing on Wednesday. The company will begin gauging investors' interest from July 22-25 and start the offering on July 28. Proceeds…

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