CHINA> National
Huayi Brothers gets GEM IPO approval
(chinadaily.com.cn)
Updated: 2009-09-28 16:10

Huayi Brothers Media Corporation and other two more firms received approvals to be listed on the Growth Enterprises Market (GEM), China’s NASDQA-style market, from the China Securities Regulatory Commission yesterday, ifeng.com reported.

Related readings:
Huayi Brothers gets GEM IPO approval Hot-pick Wynn to close IPO booking a day early
Huayi Brothers gets GEM IPO approval 10 firms ready for IPO on China's NASDAQ
Huayi Brothers gets GEM IPO approval Wynn Macao eyes $1.63b in HK IPO
Huayi Brothers gets GEM IPO approval China's top tourist agency launches IPO
The eye-catching Huayi Brothers, with a registered capital of 126 million yuan ($18.45 million), plans to issue 42 million of its shares, raising 620 million yuan. Its shareholders include many film stars and celebrities, who are set to obtain great benefits from the IPO.

The other two companies winning GEM IPO approvals are Tianjin Chase Sun Pharmaceutical Co Ltd and Huaxing Chuangye - a Hangzhou-based telecommunication company.