Bona Pictures expects to complete privatization in the second quarter and transfer to domestic A-share listing by the end of the year.

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Bona Pictures announced on March 4 that the special general meeting of shareholders only voted to approve the privatization deal of the company, with 94.7% of the voting shareholders, of which 97.3% voted in favor of the privatization deal. Bona Pictures announced on March 4 that the special general meeting of shareholders only voted to approve the privatization deal of the company, with 94.7% of the voting shareholders, of which 97.3% voted in favor of the privatization deal.

Boehner Pictures announced on March 4 that the special general meeting of shareholders only voted to approve the privatization deal of the company, with 94.7% of the shareholders voting, of which 97.3% voted in favor of the privatization deal.

on December 15 last year, Bona Pictures Group announced that it had reached a final privatization merger agreement with Mountain Tiger International Limited (parent company) and its wholly-owned subsidiary Mountain Tiger Limited. The company is expected to be privatized in the second quarter of 2016, delisted from NASDAQ and converted to domestic A-shares by the end of the year.

at the same time, Alibaba Pictures issued a notice announcing that it would join the buyer consortium through its wholly-owned subsidiaries to participate in the privatization of Bona Pictures. After the privatisation of Bona Pictures, Alibaba Pictures will invest about $86 million and indirectly hold about 10 per cent of Bona Pictures. For Boehner Pictures, whether active or passive, the participation of BAT will undoubtedly bring about a new industrial form and industrial pattern of "Internet + Film".

according to public information, the 16 films produced and distributed by Boehner Pictures grossed more than 3.1 billion yuan in 2015. Among them, "Macau 2" ranked ninth at the annual box office, "Kill the Wolf 2" 560 million triggered a boom in action movies, and "the scorching Sun" 304 million achieved a win-win win-win between word-of-mouth and box office. Films such as "I am a passerby", which focuses on the real life of young people, the introduction of historical war blockbuster "assassination", and the super popular online IP movie "never thought of" are also coquettish.

for Boehner Pictures, in addition to completing privatization transactions at home and improving the industrial form, it also turns its investment attention to the international market. Its overseas layout can be seen from the 2016 film list released by Boehner not long ago. In November last year, Boehner Pictures officially announced a $235 million investment in TSG Entertainment Finance Co., Ltd., a well-known Hollywood entertainment company, to invest in six mainstream commercial blockbusters produced by 20th Century Fox. The cooperation between Bona Pictures and Fox will continue in 2016. As an investor, Boehner Pictures will participate in Fox's ongoing financing plan. The capital invested by Bona Pictures will be used for the production of Fox's latest blockbuster films from 2016 to 2017, including Independence Day 2, X-Men: the Apocalypse, Girl in the Strange House, and the rise of the Planet of the Apes: the Ultimate Battle. In the future, Boehner Pictures will participate more in Hollywood mainstream film production, bring more high-quality international production to China's local market, and promote the integration of Chinese films with international standards as soon as possible.

< strong > Yien collates and reports according to public information < / strong >

Editor: vian