聚焦国内反向收购上市 - 2016年08月18日

FOCUS Media Holding Ltd, an outdoor advertising display company that delisted in the United States two years ago, has received regulatory approval to list on the domestic market via a reverse merger.

Focus Media will be bought out by Hedy Holding Co, a Shenzhen-listed manufacturer of computers and electronic equipment, in a deal worth 45.7 billion yuan (US$7.2 billion).

The relisting plan has been approved by the China Securities Regulatory Commission, Hedy said in a filing yesterday. Shares of Hedy jumped by the daily limit of 10 percent yesterday after trading resumed from a one-week suspension.