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Impact of Recent Vehicle Sales Trends on US Listed Chinese Auto Suppliers (November Update)

Vehicle sales in China were 10.9% higher in November than one year ago. November Passenger vehicle sales were 10.5% higher than one year ago  with continued support from the purchase tax reduction that began last October and will continue until the end of this year.  There’s some speculation that the tax benefit will be extended to 2017. … Continue reading Impact of Recent Vehicle Sales Trends on US Listed Chinese Auto Suppliers (November Update)

November 2016 Housing Price Data in Markets of Selected Chinese Property Developers

China Index Academy (a research unit of Soufun) released its monthly report of new home prices in 100 top Chinese markets (LINK).  On a national basis average selling prices rose 0.9% for the month and 18.7% from one year ago. Approximately 23 Chinese cities have introduced measures to stabilize markets and slow price appreciation, primarily … Continue reading November 2016 Housing Price Data in Markets of Selected Chinese Property Developers

Northstar Realty Europe – Activist Sees Opportunity in Advisor’s Change of Control

, UPDATE May 31 2017: Activist Bow Street Capital sold all of its Northstar Realty Europe shares to Colony Northstar on May 12 (link to SEC filing) and withdrew its acquisition offer. Bow Street LLC has offered to buy Northstar Realty Europe for $13/share (LINK): "We firmly believe that NRE’s true value will never be … Continue reading Northstar Realty Europe – Activist Sees Opportunity in Advisor’s Change of Control

Chinese ADR Buyouts in Progress (Update)

Prices of many pending buyouts of US listed Chinese companies fell recently after Chinese regulators indicated that conversion of RMB funds for overseas acquisitions would be subject to increased scrutiny (see Bloomberg: China to Curb Megadeals as Regulators Tame Record Overseas Spree).  It does not appear that any of the current deals would be explicitly forbidden, … Continue reading Chinese ADR Buyouts in Progress (Update)