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Special Effects Maker Plans Hong Kong IPO for China Unit

Yu-Huay Sun
Special Effects Maker Plans Hong Kong IPO for China Unit

Movie and television post-production house VHQ Media Holdings Ltd plans to spin off its China operations and list the unit in Hong Kong to help fuel ambitious growth targets in the booming Chinese movie industry. The Taipei-listed visual effects company expects to be ready for an initial public offering in the next 12 to 18 months, VHQ Chairman Low Kok Wah said in an interview in Taipei in June. VHQ sees a share sale in Hong Kong as a way to boost its presence in China, the world’s second-largest movie market, as well as offering a better valuation, Low says.