SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
May 16, 2012
Commission File Number: 001-34990
Bona Film Group Limited
11/F, Guan Hu Garden 3
105 Yao Jia Yuan Road, Chaoyang District
Beijing 100025
Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
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Form 40-F |
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
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Yes o |
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If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
TABLE OF CONTENTS
Exhibit 99.1 Press release: Bona Film Group Secures Strategic Investment From News Corporation
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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BONA FILM GROUP LIMITED | |
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By: |
/s/ Mason XU |
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Name: |
Mason XU |
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Title: |
Chief Financial Officer |
Date: May 16, 2012
Exhibit 99.1
Bona Film Group Secures Strategic Investment From News Corporation
Global Media Company to Purchase Minority Stake
BEIJING May 14, 2012 Bona Film Group Limited (NASDAQ: BONA), a leading film distributor and vertically integrated film company in China, today announced that the Company has secured a strategic investment from News Corporation.
Under the investment agreement, News Corporation will acquire a 19.9% equity stake in Bona directly from the Companys Founder, Chairman and CEO, Mr. Dong Yu.
Mr. Yu has entered into separate agreements to acquire 1,000,000 Bona ordinary shares from SIG China Investments One, Ltd., 1,000,000 Bona ordinary shares from Matrix Partners China Funds and 1,500,000 Bona ordinary shares from the Sequoia Funds, at an average price of $11.40 per share, or $5.70 per American Depositary Share.
We are thrilled to receive this strategic investment from News Corporation, said Dong Yu, Founder, Chairman and CEO of Bona Film Group Limited. As one of the leading film distributors in China, we are committed to bringing the best quality Chinese films to broad audiences around the world. News Corporations extensive global reach, investment and distribution will help accelerate our strategy to expand our global footprint.
Since our IPO in 2010, we have developed our business significantly and we believe now is the time to diversify our ownership structure by introducing select strategic investors. This is an exciting period of growth for Chinas film industry, and we look forward to exploring the international commercial opportunities for Chinese films with our new partner, Mr. Yu concluded.
One of Bonas unique advantages is its vertically-integrated business model, which differentiates the Company from other film distributors in China, said Dr. Jack Gao, SVP, News Corporation & CEO, News Corporation China Investments. Chinas film market is growing at a rapid pace, positioning the country to be the second largest film market following the United States, and Bonas market leadership, compelling value proposition and tremendous growth potential make this an attractive opportunity for News Corporation.
Following the close of these transactions, Mr. Yus ownership will be reduced to 8,210,803 ordinary shares (not including options to purchase 545,615 ordinary shares), representing approximately 27.0% of the Companys ordinary shares outstanding. These transactions are expected to close in the next 15 days and are subject to customary closing conditions.
About Bona Film Group Limited
Bona Film Group Limited (NASDAQ: BONA) is a leading film distributor in China, with an integrated business model encompassing film distribution, film production, film exhibition and talent representation. Bona distributes films to Greater China, Korea, Southeast Asia, the United States and Europe, invests and produces movies in a variety of genres, owns and operates 13 movie theaters and manages a range of talented and popular Chinese artists.
For more information about Bona, please visit http://www.bonafilm.cn.
To be added to Bonas email list to receive Company news, please send your request to bona@tpg-ir.com.
Forward Looking Statements
This news release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, expects, anticipates, future, intends, plans, believes, estimates and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on managements current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Companys filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
Contact Us
In China:
Ms. Lei Wang
Bona Film Group Limited
Tel: +86 10-5928-3663-264
ir@bonafilm.cn
Wendy Sun
The Piacente Group, Inc.
Investor Relations
Tel: +86 10-6590-7991
bona@tpg-ir.com