Lights, Camera, Pending IPOs for Filmmakers
on February 4, 2013
The cameras could be rolling soon for long-anticipated stock listings by the nation’s largest movie producer and foreign flick importer China Film Group, as well as a smaller but ambitious rival, Shanghai Film Group.
The state-owned companies’ names were added January 11 to a list of IPO applicants queuing for mandatory reviews by the China Securities Regulatory Commission (CSRC). Each has asked CSRC for permission to trade A shares on the Shanghai Stock Exchange.