Jiaying Pictures plans to list in Hong Kong in the first half of 2017 and will raise 780 million yuan

Bloomberg reported that mainland film production and distribution company Jiaying Pictures plans to go public in Hong Kong in the first half of this year, raising US$100 million (about 780 million yuan). Sources said that the company plans to submit a listing application to the Hong Kong Stock Exchange as early as this month, hoping to list in the first half of this year.

Original title: Jiaying Pictures raises 780 million yuan to list

in Hong Kong Bloomberg reported that mainland film production and distribution company Jiaying Pictures plans to list in Hong Kong in the first half of this year, raising US$100 million (approximately 780 million yuan). Sources said that the company plans to submit a listing application to the Hong Kong Stock Exchange as early as this month, hoping to list in the first half of this year.

Jiaying Pictures was founded in 2012 and participated in films such as "Dear" directed by Chen Kexin,"Golden Age" directed by Anhua Hui and "The Apostles". Last year's 53rd Taiwan Golden Horse Awards won two best actresses for "July and Ansheng". Jiayin Pictures is one of the film's producers.

According to Sina Financial, Jiaying Pictures has close relations with the "Xingmei Group" listed in Hong Kong. Its chairman Qin Hong is the brother of Xingmei Holdings and Qin Hui, the major shareholder of Xingmei Culture. Qin Hong once served as Xingmei Media Group Chairman of Co., Ltd. and Chairman of the Board of Directors of Xingmei International Group established Jiaying Pictures in 2012.

In 2016, Jiaying Pictures recruited screenwriter and director talents from both sides of the Taiwan Strait and the Taiwan Strait. Among them, Hong Kong director Chen Kexin and mainland screenwriter Li Qiang of "To Our Youth That Will Be Gone" were partners in the company. It is reported that Chen Kexin only holds equity in Jiaying, and the two sides will maintain close cooperation in film production.

Editor: Nancy