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