China Media shares rose 20.67% in the Nasdaq stock Exchange in Thursday.

Chinese media and media outlets announced yesterday that the two sides have signed an equity purchase agreement. According to the agreement, the media will be 3.979 U.S. dollars per share of the price (equivalent to each U.S. depository Unit (ADS) 3.979 U.S. dollars), subscribe to the Chinese media, the new issue of about 15.33 million common shares, subscription price of about 61 million U.S. dollars.

In addition, the panel chairman Jason has the entity JJ Media Investment LC 2¥q ("JJ media"), with the Chinese media CEO Li Limin beneficially owned entity front lead Investments 2¥q (" Front Lead "(collectively" investor "), will also be priced at USD 3.979 per share (equivalent to $3.979 per US depository share), each subscription to the new 1,022,087 shares of Chinese media, each of the total subscription price is about 4 million U.S. dollars.

The deal is expected to be completed by early January 2011. After the completion of the transaction, Lee Li-owned entity Frontlead will still be the largest shareholder of China's media, holding 17.2% of the release of the foreign shares of China media. The media will hold about 15% per cent of the shares issued by the Chinese media, while Jjmedia will hold 1% per cent of the shares issued by the Chinese media.

China's media share price rose 20.67% in Thursday, at $4.67. In the past 52 weeks, China saw the media as the lowest share price of 2.51 U.S. dollars, the highest of 11.85 U.S. dollars.