Focus Media's backdoor return has entered the implementation stage and is expected to be completed before June 9

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Two years after delisted from Nasdaq, Focus Media has finally embarked on the pace of returning to A-shares. Yesterday, Hongda Xincai (002211), a listed company on the Shenzhen Small and Medium-sized Board, which had suspended trading for more than five months, announced that the company had initially decided to purchase a 100% stake in Focus.

Two years after delisting from NASDAQ, focus Media finally started the pace of returning to A-shares. Yesterday, Shenzhen small and medium-sized board listed company Hongda Xincai (002211), which was suspended for more than 5 months, announced that the company had initially decided to buy 100% stake in focus.

two years after delisting from NASDAQ, focus Media has finally started the pace of returning to A shares. Yesterday, Shenzhen small and medium-sized board listed company Hongda Xincai (002211), which was suspended for more than 5 months, announced that the company had initially decided to buy 100% stake in focus.

HTC's announcement said that the company has initially confirmed its intention to purchase 100% of focus Multimedia Technology (Shanghai) Co., Ltd through asset exchange, share issue and cash payment. The company's shares will continue to be suspended and will resume trading no later than June 9. HTC listed on February 1, 2008. it is the first listed company in the silicone rubber industry in China. Weilun, a major shareholder, holds 38.21% of its shares, of which 27.9 million shares are in a state of pledge. The company's performance has been poor in recent years, with a huge loss of 870 million yuan in 2013. Although it managed to reverse the loss last year, it made a profit of only 12.54 million yuan. HTC's net profit in the first quarter of this year was 1.273 million yuan, down 48.39% from a year earlier.

focus Media, which plans to be listed in a backdoor listing, was founded in 2003 and has since become the largest outdoor media company in China. On July 13, 2005, focus Media successfully landed on NASDAQ as "the first share of Chinese Pure Advertising Media", with an issue price of US $17 per American depositary share (ADS) and raised US $172 million, setting an IPO record for Chinese stocks at that time. In August 2012, Jiang Nanchun, founder and chairman of focus Media, joined forces with a number of institutions to launch a privatized takeover offer. Focus Media completed the privatization process on May 24, 2013, with a suspension price of $27.42. The market capitalization of the company is about 16.5 billion yuan at the same day's exchange rate.

at the end of last year, focus Media insiders revealed to the media that focus Media was already planning to go public again. HTC's announcement yesterday means that focus Media has returned to A-shares to enter the implementation stage. Market analysis believes that under the temptation of the huge valuation of A-shares, Chinese-listed stocks may set off a wave of return.

[original announcement]

HTC New material: simplified report on changes in Rights and interests

Edit: vian