Fosun International Limited (656.HK) announced February 22 that it had increased its stake in Focus Media (Nasdaq:FMCN) to 26.14% by February 19, up from 24.41% on February 11. Since November 17, 2008, Fosun has spent $279.81 million on the purchase of more than 33.8 million Focus Media shares. Fosun became the advertising company's largest shareholder on January 28. Late last year, Sina (Nasdaq:SINA) agreed to issue Focus Media 47 million new ordinary shares in exchange for the bulk of Focus Media's out-of-home advertising network.