Focus Media adjusts share issuance for asset acquisition after profit distribution
Focus Media Information Technology (the "Company") has announced adjustments to the share issuance price and number of shares for its acquisition of Chengdu New Tide Media Group Co., Ltd. This revision follows the Company's 2025 semi-annual profit distribution.
Due to the 2025 semi-annual profit distribution, which included a cash dividend of RMB 0.10 per share, the share issuance price for the acquisition has been adjusted from RMB 5.45 per share to RMB 5.35 per share. Consequently, the total number of shares to be issued for the acquisition increased from 1,500,721,631 shares to 1,528,772,501 shares. The overall transaction value for the assets remains unchanged.
This adjustment ensures the issuance terms align with the Company's recent profit distribution as per relevant regulations. The acquisition, which involves issuing shares and paying cash to 50 shareholders, is subject to various approvals, including from the Shenzhen Stock Exchange and the China Securities Regulatory Commission.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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