Caixin OnlineFinance & EconomicsTop Stories Finance Focus Media May Inspire Others to Delist, Analyst Says
08.15.2012 17:17

Focus Media May Inspire Others to Delist, Analyst Says

More Chinese companies may want to leave U.S. stock markets in the hopes of finding better valuations elsewhere
By intern reporter Gao Liqin
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(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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