Magazine article Screen International

China's Enlight Media to Float on Shenzhen Stock Exchange

Magazine article Screen International

China's Enlight Media to Float on Shenzhen Stock Exchange

Article excerpt

Beijing-based company becomes third Chinese studio to float on China's home stock market

Beijing-based Enlight Media, a TV and film producer and distributor, has issued a prospectus on the ChiNext growth enterprise board of the Shenzhen Stock Exchange. The company is open for subscription starting today (July 18).

According to the prospectus, Enlight plans to sell 27 million shares, accounting for 25% of its total shares. The money raised in the IPO will be used for production and the expansion of distribution channels.

From July 18-21, Enlight is undergoing a marketing and price-inquiry period for subscribers. Its stock price is scheduled to be set on July 25 and it will officially float on the Shenzhen Stock Exchange on July 26.

Enlight Media is expected to be the third film studio in China to float on China's home stock market, after Huayi Brothers Media in 2009 and Zhejiang Huace Film and TV in 2010. …

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