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Latest News :2010.02.09 Search News Or

Focus Media to issue 75 mln shares to CEO

Sep. 24, 2009 (China Knowledge) - Focus Media Holding Ltd<FMCN>, which is principally engaged in out-of-home advertising in China, will issue 75 million ordinary shares to Jason Jiang, Founder and CEO of the firm, sources reported. Jiang will pay US$142 million in total for the shares priced at US$1.899 apiece, according to a statement released late Wednesday. After the share issuance, Jian

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