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Focus Media Announces Follow-On Offering of 6,655,700 ADSs


编辑:AG集&# 时间:2018-10-02

SHANGHAI, China, Jan. 27 /Xinhua-PRNewswire/ -- Focus Media Holding

Limited (Nasdaq: FMCN) today announced a follow-on offering of 6,655,700

American depositary shares ("ADSs"), each representing ten ordinary shares,

at a price to the public of $79.50 per ADS. 1,500,000 of these ADSs will be from new shares issued and sold by Focus Media, and 5,155,700 of these ADSs will be sold by certain shareholders of Focus Media, consisting of David Feng Yu, the former chief executive officer of Target Media, who currently serves as our co-chairman, certain Carlyle funds that were the former shareholders of Target Media, and the former shareholders of Framedia. Focus Media will not receive any proceeds from the sale of ADSs by the selling shareholders. In addition, the underwriters have been granted an option to purchase up to an additional 998,355 ADSs from Jason Jiang, our founder, chairman and chief executive officer, within 30 days from the date of the prospectus supplement.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC,

Goldman Sachs (Asia) L.L.C. and Merrill Lynch & Co. are serving as the joint

bookrunners for this offering.

The offering of these securities is being made only by means of a

prospectus supplement, filed with the U.S. Securities and Exchange Commission

in connection with the filing of an automatic shelf registration statement

previously filed by Focus Media. This press release shall not constitute an

offer to sell or the solicitation of an offer to buy, nor shall there be any

sale of these securities in any state or jurisdiction in which such offer,

solicitation or sale would be unlawful prior to registration or qualification

under the securities laws of any such state or jurisdiction.

About Focus Media Holding LimiteAAAAAAA> Focus Media Holding Limited (Nasdaq: FMCN) is China's leading out-of-home

mulAAAAlatform life-style media company, which operates the largest out-of-

home advertising network in China using audiovisual flat-panel displays.

Based on an audience-centric approach, Focus Media provides targeteAAAAAAA>advertising channels which cover specific demographics groups and their daily

activities, from office buildings to retail chain stores, residential

building, shopping malls, golf country clubs, airports, and airport transit

buses. As of September 30, 2006, Focus Media had approximately 74,000

display units in our commercial location network, 36,000 display units in our in-store network, 95,000 advertising poster frames installed throughout China and 80 outdoor LED displays in Shanghai. Over 2,500 international and domestic advertisers had placed advertisements through our networks as of September 30, 2006. For more information about Focus Media, please visit our website ir.focusmedia.cn.

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