Focus Media May Inspire Others to Delist, Analyst Says
(Beijing) – The recent privatization plan proposed by Focus Media Holding Ltd. to its U.S. investors may prompt even more Chinese companies to leave U.S. stock markets to seek better valuations, an analyst says.
On August 13, Chinese digital advertising company Focus Media announced a US$ 3.5 billion buyout plan that will take it private. U.S. private equity firm Carlyle Group, CITIC Capital Partners, CDH Investments, China Everbright Ltd., Fountainvest Partners and Focus Media chairman Jiang Nanchun form a consortium that will back the plan.
- Zhang Zhixin: The Woman who took on the 'Gang of Four'
- Growing Pains
- Cathay: Ezra Pound's re-imagination of Chinese Poetry
- The Clash of Titans: A Look Back at the Sino-Indian War
- Talking Time
- Most of World's Synthetic Drugs Made in China, Police Admit
- PetroChina Selling Half of Subsidiary Running Central Asian Pipelines
- Insurance Executive Said to Die in Office Days after Probe Started
- Progress at Universities Requires Outside Help, College President Says
- To Curb Carbon Emissions, Focus on New Consumers on the Move
- Sign up to receive our free daily newsletter
- Wang Jianlin on Why the Wanda Phenomenon Works
- How a New Idea for Revamping the Economy Is Taking Shape
- The Real Drivers of China's New Culture Movement
- Chinese Gov't 'Causes an Investment Gap with U.S.'
- Banks' Total Value of Bad Loans Rises for 16th Straight Quarter
- Gov't Announces Plan to Clean Up Rural Areas by 2020
- Closer Look: Why Official Goals for Natural Gas Use Are in Doubt
- With Big TV Deal, China's Pro Soccer League Looks to Score
- Plan to Develop Two New Beijing Districts 'Flies in Face of Population Curbs'
- Closer Look: Baidu Joins Other Internet Giants to Open a Bank