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)

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Chinese ADR Buyouts in Progress (Update)

Prices of many pending buyouts of US listed Chinese companies fell sharply in May after Chinese regulators expressed concern over relisting these businesses in China through reverse mergers.  Reverse mergers provided a path by which a company could be trading in the domestic market in less than one year instead of potentially waiting 3-4 years to … Continue reading Chinese ADR Buyouts in Progress (Update)

Chinese ADR Buyouts in Progress (Update)

Many pending buyouts progressed towards completion despite recent equity market volatility.  Since my last update: Mindray closed Global-Tech Advanced closed Homeinns closed Jiayuan has been approved and expects to close this month Xueda has been approved and expects to close this quarter DangDang received a competing bid at a higher price New buyout offers: Sinovac … Continue reading Chinese ADR Buyouts in Progress (Update)

Chinese ADR Buyouts in Progress (Update)

Many pending buyouts progressed towards completion despite recent equity market volatility.  Since my last update: the Vimicro buyout was completed the Xueda Education buyout was approved, but has not yet closed the Jiayuan buyout was approved, but has not yet closed.  The company is essentially going public on China's "New Third Board" through a reverse … Continue reading Chinese ADR Buyouts in Progress (Update)