By Peter Halesworth
China’s bubbly stock markets have percolated into US exchanges, helping to raise New York-listed Chinese stocks that are reawakening after years of neglect. The Nasdaq Golden Dragon China index (Nasdaq: HXC) is up approximately 70 percent since 2013.
Yet something odd is happening on the way to this bull market. Managements of many of these companies are deciding to de-list from the US to pursue new IPOs in China. Despite the positive signals, 21 companies have announced since March that they have received proposals to privatize and de-list from the US exchanges. Read Full Post…
