Chinese film producer and advertising company Leap
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Leaping Group Co. Ltd., a Chinese film production and advertising company, said Friday it is aiming to sell up to 4 million shares in its planned initial public offering, priced at $5 each. The company would raise $20 million and trade if it sells the maximum amount of shares and has applied to trade on Nasdaq, under the ticker symbol "YZCM." Irvine, Calif.-based Boustead Securities is sole underwriter on the deal. Proceeds will be used to expand the company's advertising network, invest in films and movie theaters, recruit senior staff and make deals in the industry, the company says in its prospectus.
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