China film distributor Poly Bona to get funds
Expected to receive $30 mil in investmentsSHANGHAI -- Chinese movie distributor Poly Bona is expected to receive a combined $30 million in investments from two venture capital funds ahead of a planned overseas listing, industry sources familiar with the deal said Monday.
Sequoia Capital China and SIG Asia Investments, which is affiliated with U.S. financial firm Susquehanna International Group, may finalize the deal with Poly Bona in a month or two, the sources said.
The talks had been proceeding for several months, they added.
Sequoia and Poly Bona declined comment, while no comment was immediately available from SIG.