Zhe in the shares going to spend 150 million stake in Focus Media

Published: 19:44:59 2015/5/20 19:44:59  Views: 1078

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China Securities Network (Reporter Yan Zheng Zhe shares May 20 evening announcement said the company in 2015 after the first extraordinary meeting of the Board of Directors, the company 150 million yuan to buy sub numerous media Technology (Shanghai Ltd. ('Focus Media [microblogging] '0.3333% stake. The company was in the transferor Giovanna Investment Hong Kong Limited signed a share transfer agreement on April 29.

According to reports, Focus Media Department of China's leading digital media companies, with strong strength and resources and outstanding profitability, and recently committed itself as the leading LBS platform and O2O platform, has a very good development prospects. Data Display , as of December 31, 2014, Focus Media's audited total assets of 8.917 billion yuan, net assets of 5.751 billion yuan, Focus Media FY2014 total revenue of 7.497 billion yuan, net profit of 2.417 billion yuan.

Zhe in shares, said in the vision of the rapid development of mobile Internet, investment in Focus Media can bring a good return on investment for the company, in the interest of all shareholders in the larger environment of the digital age, the target company has a good foundation for the industry, good profitability and broad space for development.

It is worth mentioning that Focus Media is currently seeking landing A shares. Another listed company Hongda New Material Disclosure May 19 progress in the restructuring of assets, said it has been initially set to be adopted by the replacement of assets, issuance of shares and cash to buy Focus Media 100% stake in the company and related parties are actively promoting the work of a major asset restructuring related matters. The company expects the stock will be no later than June 9 resumption.

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