Focus Media Holding Ltd. Appoints Citigroup Depositary for NASDAQ Listed American Depositary Receipt (ADR) Program.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Citigroup (NYSE NYSE See: New York Stock Exchange : C) Citigroup Depositary Receipt depositary receipt A negotiable certificate that represents a company's publicly traded debt or equity. Depositary receipts are created when a company's shares or bonds are delivered to a depositary's custodian bank, which instructs the depositary to issue Services, the preeminent depositary bank, announced today that it has established a NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on listed ADR ADR - Astra Digital Radio program for Focus Media Holding, Ltd., the largest out-of-home advertising Out-of-home advertising (also referred to as OOH) is essentially all type of advertising that reaches the consumer while he or she is outside the home. This is in contrast to broadcast, print, or internet advertising, which may be delivered to viewers out-of-home (e.g. network using audiovisual television displays in China based on the number of locations and the quantity of flat-panel television displays in its network. The company is headquartered in Shanghai. This is an initial public offering in the U.S. market exclusively. The Focus Media American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (ADSs) trade on the NASDAQ under the symbol FMCN FMCN Fondo Mexicano Para La Conservación de La Naturaleza (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. 34415V 109). The ratio of Ordinary Shares to ADRs is 10 to 1. "As we build the Focus Media business starting with China, we aim to enhance our visibility globally including the U.S. capital market," said Jason Nanchun Jiang, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Our NASDAQ listed ADR is key to achieving a strong global profile, and Citigroup's support has been instrumental." "We look forward to a strong alliance with Focus Media as the company launches its NASDAQ listed ADR program, building a foundation for long-term commitment to investors in the U.S. capital market," said Robert Heitsenrether, Global Head of Citigroup Depositary Receipt Services. Focus Media operates the largest out-of-home advertising network in China using audiovisual television displays, based on the number of locations and the quantity of flat-panel television displays in its network. The company has a presence in over 10,000 commercial locations and 400 retail stores in 44 major cities. As of March 31, 2005, Focus Media had placed 21,021 flat-panel television displays in high-traffic areas such as elevator lobbies of commercial buildings, retail chain stores, beauty parlors, and country clubs. For additional information about Focus Media, please visit ir.focusmedia.cn. About Citigroup Depositary Receipt Services Citigroup Depositary Receipt Services is a leader in bringing quality issuers to the U.S. market and promoting American Depositary Receipts American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (ADRs) as an effective capital markets tool. Citibank began offering ADRs in 1928 and today is widely recognized for providing non-U.S. companies with a gateway to the resources of Citigroup and the means to diversify shareholder bases and increase liquidity. In addition, Citigroup's financial strength and global reach provide clients with access to Citigroup's on-the-ground presence and in-depth knowledge of 90 local markets. For further information about depositary receipt programs and trends, visit www.citigroup.com/adr. Depositary Receipt Services is a business line within Citigroup(R) Global Transaction Services, a leading provider of integrated cash management, trade, securities and fund services for corporations, financial institutions, intermediaries and governments around the world. With over $139 billion in average liability balances, more than $ 7.98 trillion in assets under custody and the largest proprietary branch network, Citigroup's award-winning operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. and Internet-based delivery channels enable clients to manage and monitor working capital and investments more efficiently, streamline transaction processing cycles, and re-engineer receivables and payment processes. Citigroup(R) Global Transaction Services provides clients with access to Citigroup's full range of capabilities and solutions along with an on-the-ground presence and in-depth knowledge of more than 90 local markets. For additional information, see www.transactionservices.citigroup.com. About Citigroup Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, and Banamex. Additional information may be found at: www.citigroup.com. Copyright (C)2005 Citigroup. CITIGROUP and Umbrella Device are trademarks and service marks of Citicorp or its affiliates and are used and registered throughout the world. The above information is being provided solely for information purposes by Citibank, N.A. At the time of publication, this information was believed to be accurate, but Citibank, N.A. makes no representation or warranty as to correctness of the information set forth above. The above information does not constitute a recommendation, solicitation or offer by Citibank, N.A. for the purchase or sale of any securities, nor shall this material be construed in any way as investment or legal advice or a recommendation, reference or endorsement by Citibank, N.A. |
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