Bona Film Group Chairman Agrees to Purchase 1.5 Million Ordinary Shares at $5.50 per ADS
Bona Film Group Limited (Nasdaq: BONA) today announced that Yu Dong, its Founder, Chairman and CEO, entered into a purchase agreement with Sequoia Funds to acquire 1.5 million ordinary shares, (equivalent to 3,000,000 ADSs), of the private equity group's holdings in the Company on March 30, 2012. Mr. Yu has agreed to pay $11 per share, (equivalent to $5.50 per ADS), a premium of approximately 5.6% over the closing price of Bona ADSs on March 30, 2012.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.