TREE NEWS update: China’s State Administration for Market Regulation announced on October 10 that it has approved Focus Media Information Technology’s acquisition of a stake in Chengdu New Chao Media Group, imposing six restrictive conditions valid for five years. This conditional approval marks a significant step forward in the consolidation of China’s elevator advertising industry.
China Market Regulator Conditionally Approves Focus Media’s Acquisition of New Chao Media with 5-Year Conditions
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