Focus Media Holding looks set to become the first Chinese company to de-list from the US and re-list in the A-share market after winning the first set of approvals for a backdoor listing in Shenzhen.
If the planned reverse takeover with domestic computer manufacturer Hedy Holdings goes ahead, it will set an important precedent for other Chinese firms in the process of returning home from overseas exchanges.
According to Dealogic data, 26 US-listed Chinese firms have announced plans to de-list their shares so far this year in deals worth $31 billion. By contrast, only one such Chinese company went private last year in a deal...
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