China Film Group preparing for possible IPOChina Film Group Corp, the studio behind "Red Cliff" and "Kung Fu kung fu Pinyin gongfu Chinese martial art that is simultaneously a spiritual and a physical discipline. It has been practiced at least since the Zhou dynasty (1111–255 BC). Hustle hus·tle v. hus·tled, hus·tling, hus·tles v.tr. 1. To jostle or shove roughly. 2. To convey in a hurried or rough manner: hustled the prisoner into a van. ", said Wednesday it plans to set up a joint stock company as early as next month to prepare for an eventual market flotation flotation or froth flotation Most widely used process for extracting many minerals from their ores. The method separates and concentrates ores by altering their surfaces so that they are either repelled or attracted by water. . The nation's largest film producer and distributor is negotiating with potential new shareholders for the joint stock firm, a company spokesman told AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. , without providing any details about its possible partners. "We need to establish the joint stock company first before going on with a listing," the spokesman for the Beijing-based China Film Group, who declined to be named, told AFP. The state-owned China Film Group was established 10 years ago in a government-orchestrated merger of several film companies including Beijing Film Studio and China Children's Film Studio. The company, the sole importer of foreign films into China and a major exporter of Chinese films, also owns CCTV CCTV abbr. closed-circuit television CCTV closed-circuit television 6, a nationwide movie channel. China Film Group has been reportedly eyeing a stock market listing since 2007, but the financial crisis forced it to put those plans on hold. China's media watchdog last week encouraged culture firms, which still face strict government control and censorship, to sell shares to the public. "(We) intend to cultivate a batch of large state-owned or state-controlled radio, film and television groups with good growth prospect and strong competitive edge," the State Administration of Radio Film and Television said. "We will encourage and guide qualified culture firms to raise funds from the capital market," Zhu Hong Zhu Hong 祩 宏 (1535-1615) (Wade-Giles: Chu Hung) Chinese Buddhist leader and anti-Jesuit. He was known as the “Master of Yunqi” , after a monastery restored in his honor. He was born in Hangzhou into a family with the surname Shen. , a spokeswoman with the agency, said in a statement. The China Film Group spokesman said it was too early to give a timetable for the listing because the company was not sure when it would file its stock listing application to the China Securities Regulatory Commission The China Securities Regulatory Commission (CSRC) (Simplified Chinese: 中国证券监督管理委员会; Pinyin: . 
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion