WANDA CINEMA LINE TO KICK OFF A-SHARE IPO

AsiaInfo Services
02-25-2011
Wanda Cinema Line to Kick off A-share IPO

BEIJING, Feb 25, 2011 (SinoCast Daily Business Beat via COMTEX) -- Wanda Cinema Line Corporation is to kick off an initial public offering (IPO) on the Chinese A-share market, which is expected to be the most expensive stock among all A-share-listed cinema stocks.

Wanda has grown rapidly for just five years of development, which is mainly attributed to several factors, such as rapid development of the domestic movie industry; high status of cinema assets in the movie industry; bundling with real estate for commercial use.

Statistics show total ticket revenue of six major cinemas arrived at about CNY 4 billion in 2009, making up 66.6% of the total in the Chinese market. Wanda took the first place with annual ticket revenue of CNY 833 million, growing 63.6% over the previous year, and audiences of 27.1 million person times.

Aggregate ticket revenue in the Chinese movie industry grew to more than CNY 6.2 billion from about CNY 900 million in 2003, surging more than ten times or annual compound growth of nearly 40%.

Source: www.cnstock.com (February 25, 2011)

KEYWORD: BEIJING INDUSTRY KEYWORD: Internet & Online Services & Media SUBJECT CODE: Media
Motion Pictures/Sound Recording
SinoCast China Business Daily news
A-share
IPO
cinema
movie
ticket revenue

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