Focus Media is principally involved in the development and operation of lifestyle-targeted interactive media networks ranging from in-building media (including in-building video display terminals and poster frame advertising) to movie theatre advertising and in-store video terminals. The company was listed on NASDAQ in the U.S. in 2007.
Through its Capital Investment and Financing Department, CEL helped complete the privatization of Focus Media in May 2013 with an investment of US$50 million, giving CEL the right to appoint an observer to Focus Media's board and assist it in pursuing a backdoor listing. From the suspension of trading in late April 2015 to 17 December 2015, Hedy Holding's shares saw a sharp cumulative increase of 266.6%, a performance reflecting the market's recognition of the privatization deal and Focus Media's future prospects.
CEL will remain one of Focus Media's major shareholders and hold a direct equity interest in Hedy Holding. It will also provide Focus Media with strategic, operational, financial and other support to help Focus Media achieve long-term value growth in the China securities market.
For more information on Focus Media, please visit its company website at http://www.focusmedia.cn/.
About China Everbright Limited
Established in Hong Kong in 1997, China Everbright Limited ("CEL"; stock code: 165.HK) adheres to its "Macro Asset Management" strategy, focusing specifically on cross-border management and investment. Over the years, CEL has explored and invested in numerous high-growth-potential Chinese enterprises with overseas investors through its international management platform, in addition to private equity funds, venture capital funds, sector funds, mezzanine funds, hedge funds and proprietary funds. It also offers overseas investment opportunities for Mainland investors by providing diversified financial services. As at 30 June 2015, CEL's asset under management has exceeded HK$51.7 billion, managing as many as 30 funds.
CEL, a subsidiary under the China Everbright Group, is the second-largest shareholder of the Mainland-based Everbright Securities (stock code: 601788.SH) and a strategic shareholder of China Everbright Bank (stock code: 601818.SH, 6818.HK). It is a controlling shareholder of the Hong Kong-listed China Aircraft Leasing Group Holdings Limited (stock code: 1848.HK) and the second-largest shareholder of Singapore-listed Ying Li International Real Estate Limited (stock code: 5DM.SGX).
Following the launch of Shanghai-Hong Kong Stock Connect on 10 April 2014, CEL has become one of the Hong Kong stocks eligible for southbound trading under the scheme.
In upholding its philosophy of "Making Wealth Simple", CEL leverages its own substantial financial strength as well as the position and influence of China Everbright Group and its affiliated companies in the financial industry in China. It has successfully built huge cross-border social and business networks in Hong Kong and the Mainland and established a reputable brand in the market.
Contact:
Golin Max Lau Tel: 852.2501.7905 E-mail: mlau@golin.com
Copyright 2015 ACN Newswire. All rights reserved. www.acnnewswire.com