China Film to Raise $625 Million in IPO to Fund Movies, Cinemas

  • State-owned unit to sell 467 million shares at 8.92 yuan each
  • Offering would be largest for China’s entertainment industry

China Film Co., the nation’s largest movie distributor, plans to raise 4.2 billion yuan ($625 million) in an initial public offering in Shanghai to fund movie production and cinema investments in what would be the largest such sale in China’s entertainment industry.

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