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.
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