Yuehua Entertainment which manages stars like Wang Yibo, Han Geng and Meng Meiqi officially launched its IPO on the Hong Kong Stock Exchange today January 19. After a bit of delay from its original September launch date last year, shares of the artist management company opened at HK$ 5.6 (0.72 US$) on the first day of listing. The event also coincided with the announcement that Wang Yibo is now a Yuehua shareholder.
Present for the listing ceremony today were two of Yuehua’s big stars Wang Yibo and Han Geng who both looked very dapper dressed formally in suits. The Hidden Blade star, who some claim is one of the biggest contributors to the company’s bottom line was also introduced as a company shareholder. So it kinda made sense that when it came to striking the ceremonial gong typically reserved for new listings, it was Wang Yibo who accompanied Yuehua founder Du Hua on stage to do so.
Other Yuehua stars present for the event are Justin Huang Minghao, fellow UNIQ bandmate Zhou Yixuan, Betty Wu Xuanyi and Bi Wenjun.
When it came to renewing his contract with the company last year, it was rumoured that Yuehua supposedly offered him “very generous” terms to keep him. Perhaps this is one of them? Yibo’s new contract with Yuehua expires on 2026 and I’d say that this move was a pretty strategic one tying him to the company especially if his career continues on in its present trajectory.