Shares of Sichuan Gaojin, which had been suspended for months, resumed trading April 8 and have nearly doubled in the last two and a half weeks. Profit at DMG rose to $45.9 million in 2013, up from $25.3 million in 2011, Sichuan Gaojin's documentation indicated.ĭMG began as an advertising and TV commercial production firm but has also invested in domestic film and TV production and distribution and has interests in music and other sectors. "Iron Man 3," released in 2013, grossed $121 million at the mainland box office. Film and television revenue saw a large jump between 20, rising from $9.3 million to $48.2 million. After the transaction, the company's largest shareholder will be DMG Chairman Peter Xiao Wenge.ĭocuments filed by Sichuan Gaojin with the Shenzhen Exchange said DMG's revenue grew from about $181 million in 2011 to $270 million in 2012 and $271 million in 2013. That's three times the value of Gaojin at the end of 2013. The deal still needs regulatory approval.Īccording to DMG and Sichuan Gaojin, the deal values DMG at $970 million. The move will see DMG enter the exchange through a reverse takeover with meat-processing company Sichuan Gaojin Foods. DMG Entertainment, the Beijing-based company that co-produced Hollywood films including "Iron Man 3" and "Transcendence," is in the process of going public on the Shenzhen Stock Exchange.
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