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)

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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)

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.  In 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)