Gov't Probe A Hitch For Focus Media's China Listing Plan
By Abigail Rubenstein ( June 18, 2015, 11:14 AM EDT) -- Focus Media Holding Ltd.'s plan for a backdoor listing in China through a reverse merger deal with Jiangsu Hongda New Material Co. Ltd. worth 45.7 billion yuan ($7.36 billion) ran into an obstacle on Thursday when Jiangsu Hongda revealed that Chinese securities regulators are investigating it....
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