Fosun International reports 26.14% stake in Focus Media Holding

By Lisa Kerner

Charlotte, N.C., Feb. 20 - Focus Media Holding Ltd. investor Fosun International Holding Ltd. bought 2,424,897 American Depositary Shares, representing 12,124,485 ordinary shares, for a total of $17,664,963 between Feb. 6 and Feb. 19, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission.

Fosun beneficially owns 169,229,320 ordinary shares, or 26.14%, of the Shanghai-based company's outstanding stock.

The investor also holds 33,845,864 ADS, each representing five ordinary shares, the filing said.

Focus Media operates out-of-home advertising network using audiovisual digital displays in the People's Republic of China.

Fosun is a Chinese conglomerate with operations in the steel, real estate and pharmaceutical sectors.

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