New Disclosures by China XD Plastics about its Sichuan Plant Expansion

This article will review information released since March 9 about Xinda's previously undisclosed Sichuan expansion plan (originally described here: CXDC Receives An Unfair Buyout Offer When It Is Over 80% Cheaper Than Comparable China-Listed Companies). On December 12 2016 Xinda signed a contract with the Nanchong City government covering a major expansion of Xinda's Nanchong production facility … Continue reading New Disclosures by China XD Plastics about its Sichuan Plant Expansion

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February NBS Price Data in Chinese Cities With Home Price Restrictions

China’s National Bureau of Statistics (NBS) released its monthly report on home sale prices (LINK).  The report provides less coverage and less detail than the private Fang/Soufun 100 city index whose release has been suspended.  Increased government control over price data seems to be an intangible measure to cool speculation. The NBS report still provides … Continue reading February NBS Price Data in Chinese Cities With Home Price Restrictions

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

Vehicle sales in China were 22.6% higher in February than one year ago. Winter economic activity and data are always distorted by the changing timing of the Lunar New Year which fell on February 8 in 2016 and January 28 in 2017.  Despite the uncertainty introduced by the holiday, two trends stood out: Passenger vehicle sales … Continue reading Impact of Recent Vehicle Sales Trends on US Listed Chinese Auto Suppliers (February Update)

CXDC Receives An Unfair Buyout Offer When It Is Over 80% Cheaper Than Comparable China-Listed Companies

China XD Plastics' CEO recently offered to buy all publicly held shares for $5.21, a small premium to their recent market price, but well below their fair value. The company is poised to report record sales and profits in 2017 as new plants in Nanchong and Dubai enter commercial production. The company has not disclosed … Continue reading CXDC Receives An Unfair Buyout Offer When It Is Over 80% Cheaper Than Comparable China-Listed Companies