Focus Media Technology Co., Ltd. acquired Chizhong Information Technology Co., Ltd. from Focus Media Holding Ltd. for CNY 1.5 billion.
September 01, 2015 at 12:00 am EDT
Focus Media Technology (Shanghai) Co., Ltd. signed an equity transfer agreement to acquire Chizhong Information Technology (Shanghai) Co., Ltd. from Focus Media (China) Holding Ltd. for CNY 1.5 billion on February 28, 2015. As on April 8, 2015, the Shanghai Zhangjiang Hi-Tech Park Management Committee approved the transfer. The deal was approved by Focus Media (China) Holding Ltd.
Focus Media Technology (Shanghai) Co., Ltd. completed the acquisition of Chizhong Information Technology (Shanghai) Co., Ltd. from Focus Media (China) Holding Ltd. on April 14, 2015.