On Nov. 16, 2015, the Merger and Restructuring Committee of CSRC approved the deal by Focus Media Information Technology Co. Ltd. to reverse merge with the shell company Qixi Holdings ( 002027.SZ).

This deal was the latest and the largest deal of its kind for a US-listed China stock to be taken private and re-listed on the domestic A-share market through reverse merger, and received wide attention among similar deals recently.

Jingtian & Gongcheng was the legal counsel of this deal and provided comprehensive legal services and legal opinions. The project team assigned partner Mr. Zhang Rongsheng to accompany Chairman of Focus Media Mr. Jiang Nanchun, Vice-Chairman Mr. Shen Jie and related financial advisors to participate in the meetings of the Merger and Restructuring Committee of CSRC and answered inquiries by its members.

Jingtian & Gongcheng extends the warmest congratulation to Focus Media and heartfelt gratitude to all partners for their cooperation.

Focus Media is the market leader of China’s advertisement industry. It’s China’s largest media platform of urban life circles. Medias controlled by the company have infiltrated the core spaces of work, living, recreation and shopping by the mainstay city population in China.

The present core business of Focus Media is the development and operation of life-circle medias, and the main products are building medias (including building videos and frame media), cinema media, shopping mall terminal video media, etc. It covers the scenarios of working, living, recreation and consumption of the mainstay city population, and has consolidated them into a media network.