Bona Film Group, one of China’s top film distributors and producers, has secured a $100 million loan agreement.
The two-year loan is from Plum Blossom Investment Holding Limited, an affiliate of China Huarong International Holdings.
Bona is currently in the process of delisting from the NASDAQ stock exchange in New York and is being taken private by its chairman and founder Yu Dong in association with investment funds connected to Alibaba and Tencent.
Once the ‘going private’ transactions have been completed, it is widely expected that the company will seek to relist on a Chinese stock market, where valuations for media assets are significantly higher.