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BUYOUTS: Sinovac, Ku6 Join Privatization Queue
Bottom line: Sinovac may be forced to raise its buyout offer following a chorus of complaints from investors, while Ku6’s new buyout offer is unlikely to meet with any resistance due to its small size...
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IPOs: Canadian Solar Charges Plant Unit, Jumei Looks Homeward
Bottom line: Canadian Solar’s Recurrent Energy unit is likely to make its first public filing for a New York IPO in the next 2 weeks and should get a positive reception, while Jumei is likely to...
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BUYOUTS: Dangdang Gets Rival Bid, Jiayuan Sidles to Exit Door
Bottom line: A new rival bid for Dangdang and the long closing period for Jiayuan’s privatization reflect growing shareholder resistance to low prices being offered for Chinese companies trying to...
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POLICY: Tanking SOE Profits Highlight Need for Privatization
Bottom line: Beijing should launch an aggressive campaign to privatize state-owned enterprises, which could cause some short-term pain but will ultimately put the economy on a more stable long-term...
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BUYOUTS: Qihoo Nears Exit Door, LightInTheBox Gets New Partner
Bottom line: Qihoo’s privatization is likely to succeed after shareholder approval of its buyout offer, though many similar pending deals could collapse and might consider strategic stake sales like...
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BUYOUTS: Youku Bids Adieu to NY, Wanda Properties Eyes HK Exit
Bottom line: A flurry of new de-listing activity shows that well-funded privatizations will continue despite market volatility in China, and could also spread to undervalued private companies listed in...
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BUYOUTS: Autohome, E-House Drive Back to China
Bottom line: Autohome and E-House are both likely to complete their privatizations from New York, continuing the migration of US-listed Chinese firms returning home to seek higher valuations on China’s...
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BUYOUTS: 21Vianet Tries Bonds as Privatization Stalls
Bottom line: 21Vianet’s new convertible bond indicates it may be abandoning its previous plan to privatize from New York, and could help to boost its shares by bringing in more investors from China....
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BUYOUTS: Rival Bid Worries Heat Up Zhaopin, Autohome Deals
Bottom line: Zhaopin’s slight raising of its privatization price could reflect minority investor complaints about undervaluation, while Autohome’s buyout price could rise up to 20 percent in a game of...
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BUYOUTS: Privatizing Shares Tank on Talk of Homecoming Chill
Bottom line: Many privatization bids by Chinese firms hoping to re-list in China could collapse if the CSRC cracks down on backdoor listings, though de-listing plans backed by big private equity names...
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BUYOUTS: Autohome, iKang, Wanda in Twisted Buyout Tales
Bottom line: Privatization plans by Autohome and iKang will face long delays due to shareholder resistance and rival bids, while Wanda Commercial’s similar buyout will proceed soon after some technical...
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BUYOUTS: Wanda’s Offer, eLong’s Exit, Yongle’s Backdoor
Bottom line: Dalian Wanda’s de-listing plan from Hong Kong is likely to succeed, while eLong could re-list in China and become the travel services provider for WeChat following its New York...
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BUYOUTS: YY Becomes First to Scrap Privatization
Bottom line: YY’s abandonment of its privatization plan and concurrent share buyback look like savvy moves to build confidence and attract attention from investors, and could soon be followed by...
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BUYOUTS: iKang War Re-heats, 21Vianet in Stealth De-Listing?
Bottom line: A new China Life bid for iKang could trump Yunfeng, while 21Vianet could be mounting a stealth privatization bid that would see it slowly sell most of its shares to big buyers before...
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BUYOUTS: Autohome Fades on Management Exodus, Ku6 Bows
Bottom line: Autohome’s shares will come under pressure after a mass defection of its middle management, most likely to start a rival company, while Ku6 is likely to close shop within the next 2 years...
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LEISURE: Wanda Ups Carmike Bid, Gets Boost from China Life
Bottom line: Wanda may need to raise its offer price again to buy Carmike, while a plan to privatize its property unit stands a good chance of winning shareholder approval. Wanda ups Carmike bid...
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BUYOUTS: Investor Blasts Unfinished Buyouts at Jumei, iKang
Bottom line: Jumei could formally abandon its stalled buyout plan soon, putting more downward pressure on its stock, while iKang needs to enter serious negotiations with two bidders for the company....
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