日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Companies

China mogul's cinema chain gets nod for mainland IPO

(Agencies) Updated: 2014-12-01 09:32

China mogul's cinema chain gets nod for mainland IPO

A Wanda cinema in Zhengzhou, capital of Henan province, July 11, 2014.?[Photo/CHINA DAILY]

Wanda Cinema Line Co Ltd, a movie theater company controlled by Chinese real estate mogul Wang Jianlin, has received approval for a share-offering in China in which it hopes to raise up to 2 billion yuan (US$325.6 million).

The listing approval was announced late Friday by China Securities Regulatory Commission. It comes as Wang, who Forbes magazine says is China's fourth-richest man, prepares a huge initial public offering in Hong Kong for his real estate unit, Dalian Wanda Commercial Properties Co.

The two listings, expected to be completed before the end of the year, would raise capital to accelerate Wang's expansion in property and entertainment.

Officials at Wanda, the biggest theater operator in China, were not immediately available to comment.

China's box-office takings, which reached 22 billion yuan last year, are growing 30 percent annually, according to Beijing-based market research firm EntGroup Inc.

The China Film Producers' Association has said China will overtake the US as the world's biggest movie market within three years.

Wanda Cinema plans to use the bulk of its IPO proceeds to build theatres, the company said this year in a regulatory filing. As of June 30, according to Wanda, it had 150 motion-picture houses with 1,315 screens in more than 80 Chinese cities.

Revenue at Wanda, which controls 14.5 percent of the market, increased 33 percent to 4.02 billion yuan last year while profit grew 55 percent to 604.8 million yuan.

"Wanda has a very strong capital background and it builds cinemas at a very fast pace," said Liu Cuiping, deputy research manager at EntGroup.

Wang, chairman and founder of Dalian Wanda Group, holds 68 percent of the theater chain. Wang's four brothers and his son jointly own a 3.4 percent stake, according to the filing.

In 2012, Wanda bought US cinema chain AMC Entertainment Holdings Inc for $2.6 billion, including about $2 billion in assumed debt. The deal was the largest overseas acquisition by a privately-held Chinese firm and Wanda's first investment outside of China. A year later, AMC raised $332 million in its own US share sale.

In August, Wanda announced it had won the bid for a plot of land in Beverly Hills and would spend $1.2 billion for a development there as its "first important step into Hollywood".

Dalian Wanda Commercial currently operates 100 shopping plazas and 60 five-star hotels across China, according to the company's website.

The two listings are expected to make Wang Jianlin the top ranking person on the list of richest Chinese again.

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲的天堂 | 成人自拍小视频 | 精品国产一区二区三区久久久蜜臀 | 四虎网站最新网址 | 男人天堂网在线观看 | 国产一二区在线 | 国产精品美女www爽爽爽视频 | a国产精品 | 91精品国产综合久久久蜜臀粉嫩 | www.夜夜| 婷婷爱五月天 | 黄色小视频在线播放 | 日韩黄色网页 | 精品国产亚洲一区二区麻豆 | 日韩久久久 | 免费91看片 | 欧美一级在线观看 | 久久性片 | 欧美一级爱爱 | 国产一区二区不卡 | 香蕉视频导航 | 日韩中文字幕一区二区三区 | 婷婷六月丁 | 国产一区二区三区影院 | 日韩一级在线播放 | 亚洲国产成人自拍 | 在线观看成人免费视频 | 国产天堂网| 99re久久| 日本全裸美女 | 国产传媒在线观看 | 伊人成人在线观看 | 四虎黄色影院 | 全部免费毛片在线播放高潮 | 黄色一级免费片 | 日本久久精品 | 国产天堂在线观看 | 欧美日韩精品免费 | 超碰1000 | 日韩综合在线观看 | 欧美在线观看一区二区 |