Headlines By

CBK Digest, April 20, 2015

[Originally published on April 20, 2015, via CBK email newsletter. Sign-up via the box on the right side of the CBK website.]

GOING PRIVATE NEWS

Sungy Mobile Receives “Going Private” Offer Guangzhou-based Sungy Mobile Ltd. (Nasdaq: GOMO) received a “going private” offer on April 13, 2015, from management at a price of $4.90 in . . . → Read More: CBK Digest, April 20, 2015

Publisher's Notes: Xi On the Road

[Originally published on April 20, 2015 via CBK email newsletter. Sign-up via the box on the right side of the CBK website.]

Dear Friends:

Over the weekend news broke that Nepal had given permission to a Chinese company to build a large –some reports used the word “giant”– dam in Nepal. This morning . . . → Read More: Publisher’s Notes: Xi On the Road

Wowo IPO, April 8, 2015

Wowo Ltd. Nasdaq: WOWO Known in China as: 55.com HQ in Beijing

Pricing:

The company priced its ADS shares at $10.00. It opened Wednesday, April 8, 2015, at $11.06. It hit $11.63. It closed at $10.28. Yesterday, its second day of trading it closed at $10.50. (source, Yahoo Finance)

More:

The company offered . . . → Read More: Wowo IPO, April 8, 2015

CBK Digest, April 6, 2015

NEWSBRIEFS

GOING PRIVATE NEWS

Shanda Games Closer to Going Private

Hong Kong-based Shanda Games Ltd. (Nasdaq: GAME) has entered into an definitive agreement with Capitalhold Ltd. and Capitalcorp Ltd. Pursuant to the Agreement, Parent will acquire the company for cash consideration equal to US$3.55 per ordinary share of the company and US$7.10 per ADS . . . → Read More: CBK Digest, April 6, 2015

Chinese Company Files Nasdaq Listing Under the Jumpstart Act

(Watch for more on this issue from CBK)

Beijing-based, Shineco Inc., filed an S-1 on March 16, 2015, to trade on the Nasdaq, under the ticker “TYHT.” They applied for the listing under the Jumpstart Our Business Startups Act of 2012.

From the filing: “We are an “emerging growth company” as that term is . . . → Read More: Chinese Company Files Nasdaq Listing Under the Jumpstart Act

IPO Alert, Nasdaq: WOWO

–Pending IPO, Waiting for Pricing

Wowo Ltd. Nasdaq: WOWO

Known in China as: 55.com

The company is poised to go public. Yesterday, it filed a Free Writing Prospectus (FWP), which does a good job of illuminating the company’s business model, with a few cultural missteps and typos. It also filed a new F-1/A, but . . . → Read More: IPO Alert, Nasdaq: WOWO

SEC Charges Macquarie Capital With Faulty Underwriting of Puda Coal

 –Managing Director Aaron Black & Investment Banker William Fang also Charged

The SEC charged New York-based brokerage firm, Macquarie Capital Inc., responsible for underwriting a public offering despite obtaining a due diligence report indicating that the China-based company’s offering materials contained false information. The SEC alleges that Macquarie Capital made a net profit of . . . → Read More: SEC Charges Macquarie Capital With Faulty Underwriting of Puda Coal

Publisher's Notes: Tantech, The Little Engine That Could

On Tuesday, Tantech, a bamboo charcoal company, had a quiet, but successful, debut on the Nasdaq under the ticker “TANH.” Its success may lie in it pricing on the lower end of scale, at $4. It is yet to trade under $4. Its current low is $5.64 and its high is $9.50. The company . . . → Read More: Publisher’s Notes: Tantech, The Little Engine That Could

IPO Profile: Tantech Holdings Ltd., Nasdaq: TANH

–Trades Up Lishui-based Tantech Holdings Ltd. debuted on Tuesday, March 24, 2015 on the Nasdaq under the ticker “TANH.” It opened at $4 and traded up as high as $9.50. It closed its opening day at $8.00.

Prospectus, March 23, 2015 

Founded in 2002, the company produces charcoal via carbonized bamboo. Products range from . . . → Read More: IPO Profile: Tantech Holdings, Nasdaq: TANH

CBK Digest, March 26, 2015

NEWSBRIEFS

Tiger Media Completes Acquisition Shanghai-based Tiger Media Inc. (NYSE MKT: IDI) has completed an acquisition of The Best One, Inc. (TBO), parent company of U.S.-based data solutions provider Interactive Data, LLC. Interactive Data is headquartered in Atlanta, GA and has its primary technology office in Seattle, WA. In connection with the acquisition, the . . . → Read More: CBK Digest, March 26, 2015