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BEIJING, Nov. 29, 2012 (GLOBE NEWSWIRE) -- Bona Film Group Limited ("Bona" or the "Company") (Nasdaq:BONA), a leading film distributor and vertically integrated film company in China, today announced that it has entered into a $20 million secured revolving credit line agreement with East West Bank (Nasdaq:EWBC). The credit facility will be used to fund upcoming productions and to acquire the distribution rights to international films in China.
"We are very pleased to work with East West Bank. Securing this financing speaks to the strength of our business and strong relationships with international financial institutions," said Bona CFO Amy Xu. "The additional capital provided under this credit facility will enable us to continue bringing high-quality, commercially successful films to moviegoers in China and abroad, and we look forward to a long-term working relationship with East West Bank."
About East West
East West Bancorp is a publicly owned company with $21.8 billion in assets and is traded on the Nasdaq Global Select Market under the symbol "EWBC". The Company's wholly owned subsidiary, East West Bank, is one of the largest independent banks headquartered in California. East West is a premier bank focused exclusively on the United States and Greater China markets and operates over 120 locations worldwide, including in the United States markets of California, New York, Georgia, Massachusetts, Texas and Washington. In Greater China, East West's presence includes a full service branch in Hong Kong and representative offices in Beijing, Shenzhen and Taipei. Through a wholly-owned subsidiary bank, East West's presence in Greater China also includes full service branches in Shanghai and Shantou and a representative office in Guangzhou. For more information on East West Bancorp, visit the Company's website at www.eastwestbank.com.