CITIC Capital Partners and FountainVest Partners plan to exit their entire stakes in Focus Media - the Chinese outdoor advertising business they helped take private in the US and then re-list in Shenzhen two years ago - within six months.
CITIC Capital owns a 7.41% stake, or 647 million shares, in Focus Media, while FountainVest has a 6.77% stake or 591 million shares, according to separate filings. Based on Focus Media trading price of...
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