Action! China Film reboots blockbuster IPO

China’s largest film distributor is moving ahead with an IPO it has been considering for more than a decade.

Action! China Film reboots blockbuster IPO

China Film Corporation plans to raise Rmb4.09 billion $611 million through a long-awaited initial public offering in Shanghai. It is poised to be the largest IPO in the nation’s cinema industry and the second-biggest Chinese A-share listing in any sector this year.

The company, which runs distribution for state-controlled China Film Group, is set to issue as many as 467 million new shares, or up to 25.01% of its enlarged share capital, according to a...

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