Chinese companies pull out of US stock markets

Associated Press
Chinese companies pull out of US stock markets

A Chinese man walks past a TV advertising screen by Focus Media Holding Ltd. on display near an apartment lift in Beijing Tuesday, Aug. 14, 2012. Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges. This week, Focus Media Holding Ltd., announced its chairman and private equity firms want to buy back its U.S.-traded shares and take the Shanghai-based advertising company private. The deal would value Focus Media at $3.5 billion, according to financial information firm Dealogic. (AP Photo/Andy Wong)

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