Comedy film company sees shares soar

Shares in Beijing Fun Age Entertainment Co Ltd, the comedy stage show and film company, are now worth 44 times what they were when it launched on China's third national equity exchange a month ago.

According to a statement from Fun Age Entertainment, 2.84 million shares were issued at 106 yuan ($16) each, bought through private placement with 11 investment institutions and individual investors.

The National Equities Exchange and Quotations, or so called New Third Board, is China's third biggest equity market, and is popular among micro, small and medium-sized companies.