A set of buyers including Media Management Hong Kong Ltd., Giovanna Investment Hong Kong Ltd., Gio2 Hong Kong Holdings Ltd., Glossy City (HK) Ltd., Power Star (Hong Kong) Ltd., CEL Media Investment Ltd., Flash (Hong Kong) Ltd. and Maiden King Ltd. signed an agreement to acquire an 89% stake in Focus Media Technology Co., Ltd. from Focus Media Holding Ltd. for CNY 40.1 billion.
September 31, 2015
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A set of buyers including Media Management Hong Kong Ltd., Giovanna Investment Hong Kong Ltd., Gio2 Hong Kong Holdings Ltd., Glossy City (HK) Ltd., Power Star (Hong Kong) Ltd., CEL Media Investment Ltd., Flash (Hong Kong) Ltd. and Maiden King Ltd. signed an agreement to acquire an 89% stake in Focus Media Technology (Shanghai) Co., Ltd. from Focus Media (China) Holding Ltd. for CNY 40.1 billion on April 2, 2015. On April 15, 2015, Shanghai Municipal Commission of Commerce approved the transfer. The transaction has been approved by the stockholders of Focus Media Technology (Shanghai) Co.
A set of buyers including Media Management Hong Kong Ltd., Giovanna Investment Hong Kong Ltd., Gio2 Hong Kong Holdings Ltd., Glossy City (HK) Ltd., Power Star (Hong Kong) Ltd., CEL Media Investment Ltd., Flash (Hong Kong) Ltd. and Maiden King Ltd. completed the acquisition of an 89% stake in Focus Media Technology (Shanghai) Co., Ltd. from Focus Media (China) Holding Ltd. on April 22, 2015.
Focus Media Information Technology Co. Ltd. specializes in the manufacturing and marketing of computers, computer peripherals and digital communication equipment. The group also offers cell phone software and develops electronic products trading activity.
A set of buyers including Media Management Hong Kong Ltd., Giovanna Investment Hong Kong Ltd., Gio2 Hong Kong Holdings Ltd., Glossy City (HK) Ltd., Power Star (Hong Kong) Ltd., CEL Media Investment Ltd., Flash (Hong Kong) Ltd. and Maiden King Ltd. signed an agreement to acquire an 89% stake in Focus Media Technology Co., Ltd. from Focus Media Holding Ltd. for CNY 40.1 billion.