Dmg media china history4/13/2023 To get around the quota, many American studios have been teaming up with Chinese companies to co-finance films with the expectation that it will be enough to make the films Chinese.īut even that hasn't always worked. The country has a strict quota on how many foreign films are allowed to play in China in any given year. Last year T he Hollywood Reporter's Kim Masters did an excellent piece on just how difficult it has been for Hollywood to profit from China. It's something the town is still struggling with. To make American businesses work in China, executives need to be deeply invested in the country which means more than a few back-slapping visiting to Beijing. The meat processing company, which is public, will issue the DMG shares. So the company is doing a "back door" public offering by using a pork company (yes, actual pork) called Sichuan Gaojin Foods. Getting in that line would mean it could take years for DMG to be able to sell public shares. China has shut down the IPO market for the past 14 months so there's a huge backlog of companies that want to go public.
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