Formerly known asGolden Mandarin Video, the company is a licensee of
CEO John Hobelieves 'alisted status will provide the necessary resources to propel the company'sgrowth'. The company recordedtotal revenues of $9.9m (S$16.2m) in 2005, up from $900,000 (S$1.5m) in 2003.
The fund raisedthrough the IPO will be used for film production as well as to expand thecompany's business in the region via joint ventures and strategic alliances. Sharesare expected to start trading on Mar 23.
The company is aninvestor in Jack Neo's latest film I Not Stupid Too, which has crossed the$2.4m (S$4.m) mark over the weekend after six weeks, making it the secondhighest grossing local film ever in Singapore's history.