Hongda New Material Focus Media backdoor announcement no later than June 9 resumption

Published: 19:38:43 2015/5/20 19:38:43  Views: 924

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Securities Times Online (www.stcn.com) 05 月 20 News

Suspended for more than five months of Hongda New Material (002211) today a paper notice, sit real Focus Media [microblogging] return of A shares through the backdoor news source said., Two years ago from Nasdaq [microblogging ] delisting Focus Media will be the fastest to complete the backdoor listing in August this year, the official return of A shares.

May 20 at noon, Hongda New Material announcement that, at present, the company has initially determined to be adopted by the replacement of assets, issuance of shares and payment of cash to buy points numerous media technology (Shanghai) Co., Ltd. 100% interest in accordance with the relevant regulations, the company's shares will be continue to be suspended, and no later than June 9 resumption.

Securities Times reporter called Hongda New Material secretaries do understand that, at present, the company and related parties are still working to promote a major asset restructuring-related matters. 'The two sides have agreed on the details of the restructuring plan assets, the next will be the Board of Directors consideration of other internal processes. Focus Media is preparing to submit relevant materials to the Shenzhen Stock Exchange [microblogging]. '

Focus Media was founded in 2003, became the largest outdoor media company. July 13, 2005, Focus Media as 'Chinese pure advertising media first unit' successfully landed on the Nasdaq, the issue price per American Depositary $ 17 shares (ADS), raising $ 172 million. At that time, Focus Media's financing has created the most Nasdaq stocks of China.

August 2012, Focus Media founder and chairman Jason Jiang [microblogging] joint party sources of capital, Carlyle Group, CITIC Capital, CDH Investments, China Everbright to Focus Media launched the privatization offer. May 24, 2013, Focus Media announced that it has completed the privatization process, and has applied to stop its American Depositary Receipts trading activity on the Nasdaq Global Select Market, the day stop plate price $ 27.42.

Approximately $ 2.7 billion (according to the prevailing exchange rate equivalent to about 16.5 billion yuan), while in the backdoor NASDAQ trip eight years to make the market value of Focus Media from raising $ 172 million when the market soared to withdraw when A femoral, Focus Media's valuation is forecast at 450 billion yuan.

It is reported that Focus Media current ownership structure Focus Media CEO Jason Jiang of Focus Media holds a 26.73% stake, party sources of capital holding 19.71%, 17.43% Fosun shares, CITIC Capital holding 9.85% and so on.

Statistics show that was the object of backdoor Hongda New Material Founded in 1992, to February 1, 2008 listed on the Shenzhen Stock Exchange, is the high-temperature silicone rubber industry in the forefront of production enterprises, mainly engaged in high-temperature silicone rubber products production and sales, according to Hongda New Material 2015, a quarterly, the company's total assets of about 1.194 billion yuan. In the first quarter, operating income of 152 million yuan, down 12.21%, net profit attributable to shareholders of listed companies was 1,272,500 yuan, up down 48.39% decrease.

The relationship Focus Media Focus Media Holding and multimedia, Hongda New Material secretaries who do told reporters, Focus Media Holding Limited is an entity in the United States, and in the course of the preparations for the landing A shares, the company has all the assets of many of the media into the sub Technology (Shanghai) Co., Ltd.

(Securities Times Online News Centre)

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Article Keywords: Focus Media Hongda New Material NASDAQ USD A share market

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