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  • Forbes10 months ago

    China Movie Studio Head Becomes Billionaire Stock Market Star

    Chi Yufeng, chairman of Chinese movie and TV series production company Perfect World Pictures, became a star of the world’s wealth league himself on Thursday after he successfully completed the transfer of his formerly Nasdaq-listed business Perfect World Co. to a stock exchange back home. Shenzhen-listed Perfect World Pictures this month

  • PR Newswire11 months ago

    Bona Film Group Limited Announces Completion Of Going Private Transaction

    BEIJING, April 8, 2016 /PRNewswire/ -- Bona Film Group Limited ("Bona" or the "Company") (BONA), a leading film distributor and vertically integrated film company in China, today announced the completion of its merger (the "merger") with Mountain Tiger Limited ("Merger Sub"), a wholly-owned subsidiary of Mountain Tiger International Limited ("Parent"), pursuant to the agreement and plan of merger (the "merger agreement") dated December 15, 2015 by and among Parent, Merger Sub and the Company. As a result of the merger, the Company ceased to be a public traded company and became a wholly-owned subsidiary of Parent.

  • Forbes11 months ago

    Focus Media's Return Home Lifts Profit At China's Hedy Holding

    China’s Hedy Holding said Thursday net profit in first quarter rose by as much as 40% from last year’s 466 million yuan, or $72 million, as the company benefitted from its acquisition of the country’s big outdoor advertiser Focus Media. Focus Media was delisted and privatized in the U.S. in  2013 after negative