Chinese Film Distributor Announces Plan to Leave Nasdaq

(Beijing) – A Nasdaq-listed Chinese film distributor and producer said on December 15 that it has accepted an offer from a group including a subsidiary of Alibaba Group Holding Ltd. to go private.

Bona Film Group Ltd. said Alibaba Pictures Group Ltd. was part of a group that will pay US$ 27.40 per ordinary share and US$ 13.70 per American depositary share, figures that value the company at US$ 1 billion.