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August 03, 2015 4:17 AM ET

Media

Company Overview of China MediaExpress Holdings, Inc.

Company Overview

China MediaExpress Holdings, Inc. provides television advertising network on inter-city express buses in China. It offers advertisements on its network of television displays installed on express buses originating in five municipalities of Beijing, Shanghai, Guangzhou, Tianjin, and Chongqing, and nine provinces, including Guangdong, Jiangsu, Fujian, Sichuan, Hebei, Anhui, Hubei, Shandong, and Shanxi in China. As of June 30, 2009, the company’s digital television advertising network consisted of approximately 16,000 express buses and approximately 34,000 digital television displays. China MediaExpress Holdings, Inc. is headquartered in Fuzhou, the People’s Republic of China.

Room 2805

Central Plaza

Wanchai,  

Hong Kong

161 Employees

Phone:

852 2827 6100

Key Executives for China MediaExpress Holdings, Inc.

Chairman, Chief Executive Officer and President
Age: 44
Chief Operating Officer
Age: 38
Chief Technology Officer
Age: 37
Chief Administration Officer
Age: 46
Financial Controller
Age: 39
Compensation as of Fiscal Year 2015.

China MediaExpress Holdings, Inc. Key Developments

Hagens Berman Sobol Shapiro LLP Announces Class Action Settlement Involving All Persons Who Purchased China MediaExpress Holdings, Inc. Common Stock or Call Options and/or Sold Put Options from April 1, 2010 through March 11, 2011

Hagens Berman Sobol Shapiro LLP announced that Settlement has been reached in a series of proposed class action lawsuits in connection with alleged misstatements in the financial statements and other public statements of China MediaExpress Holdings, Inc. (CCME or the company). The Court in charge of the case is the United States District Court of the Southern District of New York, and the case is known as In re China MediaExpress Holdings, Inc. Shareholder Litigation, Civil Action No.11-CV-0804 (VM) (the Action). The entities that sued and represented the Class in this Action are Irrevocable Trust FBO Lansing Davis under agreement dated 10/1/1979 and the Davis Partnership LP, as well as John Haughton, Ethan Lamar Pierce, and John Shaffer (the Class Representatives) and one of the defendants that has been sued, Deloitte Touche Tohmatsu (Hong Kong Partnership) (DTT), has entered into a proposed settlement (the Settlement). DTT denies all of the allegations, and that it did anything wrong. DTT denies that any of the statements in its audit report were materially false and misleading, and further denies that DTT acted with scienter in making any of these statements. DTT also denies that any of its statements caused CCME shares to trade at artificially high prices, or that any Class Members suffered damages related to any of DTT’s statements or conduct. The Court did not decide in favor of the Class Representatives or DTT. Instead, the lawyers for both sides of the Lawsuit, with the assistance of an experienced mediator, have negotiated a settlement that they believe is in the best interests of their respective clients.

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