Focus Media (FMCN) expands its response to recent allegations by Muddy Waters, saying MW's...

|About: Focus Media Holding Limited (FMCN)|By:, SA News Editor

Focus Media (FMCN) expands its response to recent allegations by Muddy Waters, saying MW's report relates to an "insignificant acquisition of a regional distributor" and tax-related restructuring. Focus Media drills down on those details, and calls MW's claims "incorrect and misleading."