September 30, 2009

Huayi Bros Media to IPO on GEM

Beijing securities authorities approved a planned IPO of the Huayi Brothers Media Corp. on the new GEM board at ShenZhen. Huayi Brothers, sometimes called the Weinstein brothers of China, hope to raise nearly $100 million for working capital. Huayi today inked a deal with Fox Entertainment to make a romantic comedy called (English translation) "Hot Summer Days." China's film industry is expected to continue its strong growth for years as urban Chinese increasingly go to the movies....

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