Studio City Company Plans to Sell Shares
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El A Entertainment Group Inc., a Studio City recording company that plans to develop and promote Hispanic American artists, said it hopes to raise up to $825,000 in an initial public stock offering.
El A said in a filing with the federal Securities and Exchange Commission that it would use the money, in part, to pay for promotion and development.
The company hopes to sell 150,000 common share units, each of which will sell for $5.50 and include 11 common shares and warrants to buy 11 common and 11 preferred shares of stock.
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