Imax China Hits Over 2: 1/2-year high on record box office revenue over holiday

Damai Entertainment Holdings

16/02/2021 04:28

** Shares of cinematic technology provider IMAX China
Holding Inc  1970.HK , the sole platform for the release of IMAX
format films in Greater China, soar as much as 87.9% to
HK$26.30, their highest since June 2018
    ** Stock last up 31.6%, on course for the best day since
listing in October 2015, and among the top 30 biggest percentage
gainers on the Hong Kong bourse 
    ** IMAX Corp  IMAX.N , controlling parent of the Hong
Kong-listed firm, soared to its best-ever opening weekend for
the Lunar New Year holiday, grossing $25 mln through Feb 14
 urn:newsml:reuters.com:*:nFWN2KJ00P
    ** Says shot entirely with IMAX cameras, "Detective
Chinatown 3" alone led the way with $23.5 mln, holding IMAX
records for the biggest opening weekend and opening day for a
Chinese film, and the biggest opening weekend and opening day
for Chinese New Year
    ** Chinese box offices set a revenue record of over 6 bln
yuan ($929.6 mln) for the week beginning Feb. 11, following a
movie-going rush at the start of Lunar New Year holiday
 urn:newsml:reuters.com:*:nL4N2KM0NU
    ** Shares of bigger rivals Alibaba Pictures Group Ltd
 1060.HK  jump as much as 37.4% to HK$1.47, highest since
January 2020; Maoyan Entertainment  1896.HK  also surged 24.5%
to record high of HK$19.30
    ** The Hang Seng China enterprises index  .HSCE  climbs
1.7%, and the benchmark index  .HSI  rises 1.8%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)