What next ? Cathedral of Notre Dame preferred stock ?
Shares in Baha'i Temple Enterprises ? Dividends for
shareholders of First Baptist Church of Dallas Incorporated ?
Will wonders never cease ?
Billy
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Shaolin temple of kung-fu monks to sell shares in China
("BBC," December 17, 2009)
Dengfeng, China - The ancient Shaolin temple - famous for its fighting
kung-fu monks - will soon be a part of the stock market.
The government body responsible for the 1,500-year-old temple's tourism
will be part of a joint-venture to sell shares in Hong Kong or China.
The share sale could raise up to 1bn yuan ($146.4m).
The deal calls for China Travel Service to invest 100m yuan towards a
venture under the Shaolin name that will handle services such as ticket sales.
The deal would also include the cable car, cinemas, hotels and tourist bus
services in Dengfeng, in the Chinese province of Henan, where the temple is
based.
The temple's abbot, Shi Yongxin, took over in the 1990s and has
aggressively promoted the Shaolin brand, acting as executive producer in
martial arts
films based on the temple and upgrading temple facilities for tourists.
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