Rumor: Huayi Brothers Plans Q4 Listing

Reuters, 8/11/08

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.

Keywords: Merchants Securities content television 2383.HK China Yahoo CITIC film FMCN Focus Media Huayi Brothers Internet IPO Tom Group Wang Zhongjun Wang Zhonglei

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