Offer for Focus Media `Too Low,' Macquarie's Shao Says

Jiong Shao, head of China strategy at Macquarie Securities Ltd. in Hong Kong, talks about mainland stocks and investment strategy.

Focus Media Holdings Ltd., a Chinese advertising company, received a takeover proposal from private-equity firms including Carlyle Group LP in what would be the country’s largest leveraged buyout. Shao speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

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