Focus Media Holding, a Chinese billboard company that abandoned its New York listing after an attack by a prominent short seller, is set to go public again via a reverse takeover.
中国广告公司分众传媒控股有限公司(Focus Media Holding)将通过逆向收购再次上市。此前,该公司曾因受到一家著名卖空机构的攻击而放弃在纽约上市。
Jiangsu Honda, a silicon rubber manufacturer listed on the Shenzhen Stock Exchange, said late on Tuesday that it would pay Rmb45.7bn ($7.4bn) for Focus.
周二晚些时候,在深圳证券交易所(Shenzhen Stock Exchange)上市的硅橡胶生产商江苏宏达新材料(Jiangsu Honda,简称宏达新材)表示,该公司将以457亿元人民币(合74亿美元)置换分众传媒资产。
The company’s return to China highlights the spending power of groups whose shares have been boosted by soaring equity markets and Asian investors’ increasing willingness to back companies previously attacked by western short sellers.
该公司重返中国,一方面凸显出那些因股市暴涨而导致股价大幅提升的企业集团购买力大增,另一方面则凸显出亚洲投资者越来越愿意支持此前曾受西方卖空者攻击的企业。
With the backdoor listing, investors led by the Carlyle Group will have almost doubled their money after paying $3.7bn for Focus Media in May 2013.
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