www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 久久99国产亚洲高清观看韩国 | 在线视频日韩 | 国产成人免费午夜性视频 | a级毛片毛片免费很很综合 a级毛片免费 | 日本人的色道免费网站 | 在线观看精品视频一区二区三区 | 久久99亚洲精品一区二区 | 精品综合久久久久久88小说 | 中文字幕乱码无线码在线 | 午夜视频一区二区 | 国产精品久久久久久久免费大片 | 国产制服 国产制服一区二区 | 久久频这里精品香蕉久久 | 久久国产精品久久精 | 在线播放一区二区精品产 | 亚洲综合亚洲 | 日本三级成人中文字幕乱码 | 三级视频网站在线观看 | 美女张开大腿让男人桶 | 色多多最新地址福利地址 | 欧美精品亚洲精品日韩专区 | 91免费公开视频 | 天天碰夜夜操 | 欧美性猛交xxxx免费看手交 | 国产vs久久 | 香蕉久久高清国产精品免费 | 男人天堂中文字幕 | 欧美成人做性视频在线播放 | 兔子先生节目在线观看免费 | 亚洲国产成人久久综合碰 | 精品国产一区在线观看 | 日韩福利视频精品专区 | 亚洲精品视频免费在线观看 | 免费日韩一级片 | 深夜爽爽爽福利动态图 | 久草福利资源 | 国产精品成人网 | 偷拍自拍日韩 | 亚洲七七久久精品中文国产 | 日韩精品一区二区三区高清 | 99精品国产综合久久久久 |