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.
- Central Bank Cuts Benchmark Lending Rate
- A Passage to India
- Hike in Train Ticket Prices This Year 'Unlikely After All'
- Graphics: Sino-Australian Trade Deal
- Another Hebei Official Is Targeted by Corruption Investigators
- Closer Look: Gov't Wants Proactive Tax Policies, but Ends Up with a Problem
- China-U.S. Investment Treaty Would Strengthen Economic Relations
- Top Prosecutor's Office Plans New Body to Better Fight Corruption
- Exercise Caution
- Book: Living Karma: The Religious Practices of Ouyi Zhixu
- Sign up to receive our free daily newsletter
- Visa, MasterCard Confront China's Stacked Deck
- Chinese Developers' Projects in Malaysia Run into Series of Snags
- Is China Regressing to the Mean?
- Some Shanghai FTZ Reform Ideas Introduced to Rest of Country
- At Factory Waste Ponds, Fumes Choke Fantasies
- Closer Look: Why Shanghai-Hong Kong Stock Connect Was One-Way Road
- Alipay Will Do What Alibaba Couldn't, Jack Ma Says: List in China
- Graft Busters Find another Cash Pile, but Family Denies Corruption
- The Low Official Found with Towering Pile of Cash, Gold and Properties
- Gov't Gives Academics Failing Grade for Fraud in Research Funding