June 2015

Focus Media Holdings Relists in Shenzen for $7.37B

Asia - China

Shanghai-based digital advertising company Focus Media Holdings relisted to a stock exchange in Shenzen in June 2015. Focus Media’s shares were sold to synthetic rubber maker Jiangsu Hongda New Materials for 45.7 billion yuan, approximately $7.37 billion. Our firm represented Focus Media Holdings in the transaction.

The deal valued the company at nearly twice what investors paid, $3.7 billion, to remove it from the Nasdaq in 2013. This is the first time a Chinese company has left a U.S. stock exchange and listed on Shenzen exchange. The deal was named "Equity Deal of the Year" by the China Law and Practice Awards 2016.

Related Legal Services

The Faegre Baker Daniels website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Baker Daniels' cookies information for more details.