(Yicai Global) Oct. 13 -- Movie theater operator Guangzhou Jinyi Media Corp. [SHE:002905] will list on the Shenzhen Stock Exchange on Monday, the company said in a statement yesterday.

The firm will issue 42 million new shares, no old shares will be transferred, it said. Some 90 percent of the shares will be issued online with the remainder available offline, at a price of CNY20.98 (USD3.18) per share. After the initial public offering, Jinyi will have a total 168 million shares.

Li Yuzhen, the firm's largest shareholder with a 71.6-percent holding, will still be top dog after the IPO, but her stake will be cut to 53.7 percent.

Jinyi Media mainly engages in producing and distribution films and television shows, publishing books, online publishing and ticket services. It expects to pull in CNY2.18 billion (USD330 million) to CNY2.27 billion in revenue this year, accompanied by profits of CNY209 million (USD31.66 million) to CNY216 million.