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Focus Media's Overseas Subsidiaries Raise Credit Facility to US$50 Million

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Focus Media Information Technology's (SHE:002027) overseas subsidiaries agreed to raise their total credit facility to $50 million from $30 million, according to a Thursday disclosure on the Shenzhen bourse.

Focus Media Development and Focus Media Overseas Investment III, and their units, Goldsun Focus Media Joint Stock and Target Media Hong Kong, first signed the facility agreement with HSBC (HKG:0005) in December 2025.

The credit will supplement the subsidiaries' business development needs.

The Chinese advertising company's shares rose 2% during the afternoon trade.

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