Movies making money for investors
INVESTORS in Chinese films have enjoyed substantial gains in the stock market over the past three weeks.
Shares in Lugang Science and Technology Co have jumped about 63 percent since the July 10 debut of “Monkey King: Hero Is Back,” the 3D spectacular it funded.
The film has taken in 650 million yuan (US$106 million) at the box office, overtaking “Kung Fu Panda 2” as China’s most successful animated movie.
Lugang, a textile producer based in east China’s Jiangsu Province, acquired its maker, Century Great Dragon, last year.
“The dazzling performance of the Monkey King has greatly enhanced our reputation and increased the company’s profits,” a Lugang spokesman said.
Another Chinese movie, “Monster Hunt,” has raised the share price of its backer, tourism company Beijing Culture, by 25 percent in the past seven trading days.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.