POLYBONA ACCOMPLISHED ROUND II FUNDRAISING
AsiaInfo Services, June, 2009
AsiaInfo Services 06-15-2009 PolyBona Accomplished Round II Fundraising BEIJING, Jun 15, 2009 (SinoCast Daily Business Beat via COMTEX) -- Beijing PolyBona Film Distribution Co., Ltd. announced on June 14 that it accomplished the second round of fundraising, gaining an investment of CNY 100 million from Sequoia Capital, SIG, as well as Matrix Partners China. However, related parties did not specify the investment proportion. Moreover, PolyBona also gained support from Industrial and Commercial Bank of China (ICBC, SHSE: 601398 and SEHK: 1398), the largest lender in the nation by market value.
It was granted initial loans of CNY 55 million, which will be used for the production and distribution of three films. ICBC granted loans for film projects for the first...
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