SHANGHAI, China, Nov. 7 /Xinhua-PRNewswire/ -- Focus Media Holding Limited (Nasdaq: FMCN) today announced a follow-on offering of 13,720,873 American depositary shares (“ADSs”), each representing five ordinary shares, at a price to the public of $64.75 per ADS. 5,000,000 of these ADSs will be from new shares issued and sold by Focus Media, and 8,720,873 of these ADSs will be sold by certain shareholders of Focus Media, consisting mainly of the former shareholders of Framedia, Dotad and Allyes. Focus Media will not receive any proceeds from the sale of ADSs by the selling shareholders. In addition, Focus Media has granted to the underwriters an option to purchase, up to an additional 2,000,000 ADSs to cover over-allotments, if any, within 30 days from the date of the prospectus.
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are serving as the joint bookrunners for this offering and CIBC World Markets and Piper Jaffray & Co are serving as co-managers.
Copies of the final prospectus relating to the offering may be obtained from Citigroup Global Markets Inc. toll-free at 1-877-858-5407; Credit Suisse Securities (USA) LLC toll-free at 1-800-221-1037; or Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-866-500-5408.
A registration statement relating to these securities was filed and declared effective by the U.S. Securities and Exchange Commission. The offering of these securities is being made only by means of a prospectus, filed with the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Focus Media Holding Limited
Focus Media Holding Limited (Nasdaq: FMCN) is China’s leading multi-platform digital media company, operating the largest out-of-home advertising network in China using audiovisual digital displays, based on the number of locations and number of flat-panel television displays in our network, and is also a leading provider of Internet marketing solutions in China. Through Focus Media’s multi-platform digital advertising network, the company reaches urban consumers at strategic locations and point-of-interests over a number of media formats, including audiovisual television displays in buildings and stores, advertising poster frames and other new and innovative media, such as outdoor light-emitting diode or LED digital billboard, mobile handset advertising networks and Internet advertising platforms. As of June 30, 2007, Focus Media’s digital out-of-home advertising network had approximately 89,687 LCD display units in its commercial location network, approximately 41,322 LCD displays in its in-store network and 161,435 advertising poster frames, installed in over 90 cities throughout China and 200 outdoor LED digital billboards in Shanghai. For more information about Focus Media, please visit our website at http://ir.focusmedia.cn .
For more information, please contact:
Investor and Media Contact:
Jie Chen
Focus Media Holding Ltd
Tel: +86-21-3212-4661 x6607
Email: ir@focusmedia.cn
