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Leading China Filmmaker Plans $91 Mil. IPO

Huayi Brothers, one of China’s leading filmmakers, has listed itself on ChiNext with an eye toward raising 620 million Chinese yuan ($91 million) in an IPO. ChiNext is a new board for smaller companies which plans to launch on the southern Shenzhen Stock Exchange later this year.

Huayi Brothers CEO Wang Zhonglei says a successful IPO by his company will help other studios tap a new source of funding for their film productions.

9/29/2009, 7:10 AM

Huayi Brothers co-founder and general manager Wang Zhonglei, right, toasts with Chinese actress Zhou Xun during a news conference for their movie "The Message" in Hong Kong Tuesday, Sept. 29, 2009. (AP Photo/Kin Cheung)

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