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Huayi Bros. head talks about IPO


September 03, 2008 "There should be no problem for us having a 50 percent growth rate in profits," Wang said in an interview with Reuters at his office full of trophies, sculptures and oil paintings. Wang says Huayi Brothers, which sounds similar to Warner Brothers in Chinese, is confident it can add to its entertainment empire in China's expanding market. China's film administration said box office revenue in the country was 3.3 billion yuan ($500 million) in 2007, small when compared with the roughly $10 billion domestic box office revenue in the United States.

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