HomeNews RoomAbout UsProducts & ServicesCareersContact us
 
  
  
The Company
Overview
Company Profile
Management
Board of Directors
Corporate Governance
Financial Information
SEC Filings
Financial Reports
Fundamentals
Analyst Coverage
Ownership Summary
Investor Kit
Stock Information
Stock Information
News & Events
Press Release
Media Coverage
Event Calendar
Webcasts & Presentations
AGM Summary
Email Alerts
Request Information
Information Request
Contact IR
Your Location: Home > Investor Relations > Press Release

Printer Friendly Version View printer-friendly version
<< Back
Focus Media Announces Secondary Offering of 2,459,345 ADSs

SHANGHAI, China, Sept. 19 /Xinhua-PRNewswire/ -- Focus Media Holding Limited (Nasdaq: FMCN) today announced a secondary offering by certain of its existing shareholders of 2,459,345 American depositary shares ("ADSs"), each representing ten ordinary shares, at a price to the public of $57 per ADS. All of the shares in the offering are being offered by the selling shareholders, consisting of David Feng Yu, the ex-CEO of Target Media, who currently serves as our co-chairman and president, certain Carlyle funds, and other former shareholders of Target Media. The remaining shareholdings of these parties are subject to lock-up with the Company until February 28, 2007. Focus Media will not receive any proceeds from the sale of ADSs in this offering.

Credit Suisse Securities (USA) LLC is serving as the sole bookrunning manager for this offering.

The offering of these securities is being made only by means of a prospectus supplement, filed in connection with the filing of an automatic shelf registration statement 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 Limited

Focus Media Holding Limited (Nasdaq: FMCN) is China's leading out-of-home multi-platform 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 targeted 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 June 30, 2006, Focus Media had approximately 70,000 display units in our commercial location network, 35,000 display units in our in-store network, 82,000 advertising poster frames installed throughout China and 75 outdoor LED displays in Shanghai. Over 2000 international and domestic advertisers had placed advertisements through our networks as of June 30, 2006. For more information about Focus Media, please visit our website ir.focusmedia.cn.

SOURCE  Focus Media
    -0-                             09/19/2006
    /CONTACT:  Investor and Media Contact: Jie Chen, Focus Media Holding Ltd,
+86-21-3212-4661 ext 6607, ir@focusmedia.cn/
    /Web site:  http://ir.focusmedia.cn /
    (FMCN)

CO:  Focus Media
ST:  China
IN:  ADV MLM CPR
SU:  OFR ASI

KC
-- LNTU007 --
7566 09/19/2006 16:42 EDT http://www.prnewswire.com
Copyright ©    Focus Media Holding Ltd.   All Rights Reserved