Informed sources are claiming that Chinese film and TV production company Huayi Brothers is planning a domestic listing in the fourth-quarter of this year, and hopes to raise several hundred million RMB. The listing will be on one of the main board markets.
Over 50% of Huayi Brothers is owned by brothers Wang Zhongjun and Wang Zhonglei, who founded the company. Other investors include the Tom Group (2383.HK), Focus Media (Nasdaq: FMCN), and China Yahoo.
Industry insiders have said that Chinese brokerage CITIC Securities, and Merchants Securities will be advising on the IPO.