Chinese ADR Buyouts in Progress (Update)

Stabilization of the Chinese domestic markets has improved prospects for completion of a majority of the ADR buyouts announced this year. ┬áIn the past week shareholders approved the buyout of Shanda Games (GAME) and the buyout was Sungy Mobile (GOMO) was approved and closed. The CSI 300 market cap weighted index of the 300 largest … Continue reading Chinese ADR Buyouts in Progress (Update)

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Chinese ADR Buyouts in Progress

Stabilization of the Chinese domestic markets has improved prospects for completion of a majority of the ADR buyouts announced this year. The CSI 300 market cap weighted index of the 300 largest Shanghai/Shenzhen listed stocks has rebounded 16% from its August low and is now unchanged for the year: The highly speculative Chinext index has … Continue reading Chinese ADR Buyouts in Progress