RE:20 "China Concepts Stocks" Going Private in 2nd Quarter 2015
I am good! Yes it's true and has been true that a number of Chinese entities are proposing private conversions, however it may be questionable that all of these deals will actually materialize due to recent disruption's in the Chinese markets, venture cap firms and banks. Some years ago, Puda Coal was listed as one of a half dozen firms going private, in the same way that this 2015 list has been collated, but as we know, Zhao's ability to make the deal became compromised by the continued decline in the China Coal industry as well as their steel and power production due to a general slowing of the economy. In addition to this, Zhao's real-estate holdings blew up for the same reasons. So no, barring a miracle from on high, I don't see any way he can accomplish this but I am convinced that he did want to do it and made effort to do it but failed. As to attempts to chase these US law violating Chinese entrepreneurs, the key word being US law, all attempts to do that will fail unless these same people have assets in the US that can be seized. Failing that, there is very little one can do as the Chinese authorities are not helping and as long as they remain in China. They are a protected class.