Patrick Frater Asia Bureau Chief Already the highest grossing local film in its home market, courtroom drama, “A Guilty Conscience” has broken into Hong Kong’s all-time top ten box office ranking with a cumulative of HK$107 million ($13.7 million).
Data from Hong Kong Box Office Ltd. shows the film achieving the feat after just 41 days in cinemas and coming within HK$1 million ($150,000) of overtaking “Top Gun: Maverick.” The data firm noted that the last time a Hong Kong film got this far was with fantasy-action-comedy “Kung Fu Hustle” in 2004.
Since then, it has been overtaken by a fleet of Hollywood titles. Hong Hong’s current top ten is headed by “Avengers: Endgame” and includes six Marvel movies, the two “Avatar” titles and “Titanic.” With its shares buoyed by recent more positive results, Chinese video streamer iQiyi is returning to the capital markets – again.
The NASDAQ-listed company is issuing $600 million of convertible senior notes (collateralized debt that can be converted into equity) with a 2028 maturity.
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