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CREG = Carlyle still dumping
It looks like their shares are mostly held in a fund launched in 2005. Maybe the clock ran out.
http://ih.advfn.com/p.php?pid=nmona&article=69846961&symbol=CREG
Date
https://www.carlyle.com/content/carlyle-asia-growth-partners-iii
Equity Shares
Disposed Of Weighted
Average Price
per Share
November 23, 2015
20,610 $ 0.4150
December 1, 2015
93,200 $ 0.4150
December 2, 2015
497,739 $ 0.4271
December 7, 2015
8,400 $ 0.3724
December 8, 2015
74,069 $ 0.3697
December 9, 2015
30,454 $ 0.3650
December 16, 2015
148 $ 0.3650
December 22, 2015
63,365 $ 0.3650
December 23, 2015
49,208 $ 0.3650
December 24, 2015
33,200 $ 0.3650
December 28, 2015
46,741 $ 0.3650
December 29, 2015
10,750 $ 0.3698
We can't complete our audit because ...
http://www.hkexnews.hk/listedco/listconews/SEHK/2015/1228/LTN20151228735.PDF
The board (the “Board”) of directors (the “Directors”) of the Company wishes to
inform the shareholders of the Company (the “Shareholders”) that on 4 December
2015, a truck of the Group (the “Truck”) loaded with, among other things, all original
financial documents of the Group for the four financial years ended 31 December
2014 and for the current year (the “Lost Documents”) were stolen in the Qingyuan
District of Baoding City, Hubei Province, China while the truck driver was taking a
lunch break on his journey to transport the Lost Documents back to the Group's head
office in Beijing (the “Incident”).
DeSheng/Zuoan held a joint news conference on June 22 to announce that Zuoan was buying Desheng. I've never seen any details of the transaction. Desheng consistently says that it has 4 shareholders (one of which is Zuoan).
News for Zuoan and Desheng
http://www.baidu.com/s?wd=%E5%B7%A6%E5%B2%B8%20%E5%BE%B7%E5%8D%87%E6%97%B6%E8%A3%85&rsv_spt=1&rsv_iqid=0xa6ce8293000037c6&issp=1&f=3&rsv_bp=1&rsv_idx=2&ie=utf-8&tn=baiduhome_pg&rsv_enter=1&rsv_t=c347cxXVpUWlLHQMNWpoIglMZ7OmXtBRmMjdK2FftGfTC%2B9OkzGBtgXgOBMqWGw1ZEAD&oq=%E5%B7%A6%E5%B2%B8%E6%9C%8D%E9%A5%B0%E6%B4%AA%E9%87%91%E5%B1%B1&rsv_sug1=4&rsv_pq=93bdd60c00003c00&rsv_sug3=4&rsv_sug2=1&prefixsug=%E5%B7%A6%E5%B2%B8%20&rsp=0&inputT=18674&rsv_sug4=18674&rsv_sug=1
Desheng's business requires members of the public to spend 898 RMB to open a Desheng "store". A lot of Desheng's marketing is based on trying to build an image of credibility and reliability so that people will make this upfront investment. It always cites the Zuoan connection as one of the reasons it can be trusted. If you are a Zuoan shareholder this seems quite ironic. But if nothing else, I think it creates a heavy barrier to Zuoan completely screwing its investors because that would undermine the public trust essential for Desheng's success.
The Zuoan brand continues to operate as one of many brands available on the Desheng platform, also via other platforms (Taobao/Tmall/Yintai/JD), and through its traditional retail network.
Desheng is basically a competitor of Taobao/Tmall. The idea is that once people have joined the platform and set up their "stores" they will be strongly motivated to market through their own personal networks (similar to MLM).
The Zuoan corporate website hasn't been updated in about two years.
All of this information is based on third party sources and any investment in Zuoan is high risk without official confirmation of the details of the Desheng relationship.
One of the frustrating things is that this might be a really brilliant idea.
Certainly in limbo. Unfortunately, requirements for unlisted foreign companies are very light.
I don't know why they are grey instead of pink. Could simply be lack of interest from market makers.
In this situation I think it's very valuable to see that the business is still active. That's quite different from VLOV which is trading even though I don't see any evidence that the company is still operating.
I think Zuoan must resolve the status of its listing in order to move Desheng forward so I don't think the stock will just sit here for three years.
Holiday Promotion
https://zuoanxb.tmall.com/
TAOM merger goes definitive with a price bump to $3,767. I thought this was one of the riskier prospects because business has been weak.
http://www.prnewswire.com/news-releases/taomee-holdings-limited-enters-into-definitive-merger-agreement-for-going-private-transaction-300191758.html
Lucky buyers over the past week pushed the price up to $3.34. Similar trading in HMIN prior to its price bump.
1212 Shopping Carnival:
https://zuoan1973.taobao.com/?spm=a1z0b.7.0.0.ZZwxdS
Re: KEYP Seems like the business is insolvent. but paying money to settle lawsuits and hire accountants suggests there's some corporate value.
Re: WSHLY They lost all the Chinese ops in bankruptcy. To the extent that the company still exists, it may still own the Thai ops plus any offshore funds.
Curious pickup in volume. 132,820 shares today. 80,457 last Thursday.
New Investor Presentation:
http://cceramics.com/images/11222015CCCLPPTPresentationv2.pdf
All got price bumps too.
Re: CCCL
Maybe a play on new real estate stimulus policy.
Unfortunately reporting requirements for unlisted foreign stocks are very limited. Have to file a 20-F. beyond that, I think they have to file in accordance with their home country regulation. In this case that means Cayman Islands. So I think they should have reported the acquisition while they were listed, but may not be required to report it now that they are OTC.
Surging volume today. Screen for 5X average:
http://finviz.com/screener.ashx?v=111&f=geo_china,sh_relvol_o5&ft=4
Lot of stocks on that list that could double and still be "cheap"
I haven't really seen anything new about ZA. Occasionally new stories will repeat the information from the summer - transformation of the business model etc...
Desheng is in the news constantly. At the bottom of this page you can see video from a company event about 10 days ago when they gave cars to members who signed up the largest number of new partners.
http://www.deszgw.com/h-index.html
CEO Interview:
http://www.72tao.com/vnews/vnews56499.html
Has some details about the Desheng acquisition that I hadn't seen elsewhere.
I think that guy missed a lot of key points.
The CEO is not going to be terminated. The Nevada parent company will get a new non-executive chairman. BFD. Han will continue as CEO and will continue to control the operating business where all the cash is held.
It's incorrect to suggest that "the rest of the management team" is aligned against the CEO. The CEO currently controls all of the real assets and all of the employees work for her, except Tick who is more like an external consultant. The CEO cares so little about what he does that she is not even paying him. Where do you think the loyalties of the Harbin-based accounting department lie? If the company wont even give Tick a paycheck then can you believe that everybody is still working to give him accurate accounting info?
Tick signed the note agreement on behalf of the company and again on behalf of himself as an investor.
The real battle will be when Harbin Baixin Biotech tries to exercise the VIE agreement to get the cash out of Daqing Shuaiyi Biotech.
SGOC just popped
Maybe on the verge of another pump jump
Re: GIGM
The CEO buys are during a weird 15 day gap between the earnings announcement and the conference call. My guess is that he's going to make an enthusiastic pitch during the call.
"Webcast Schedule
For Q&A regarding the third quarter 2015 performance upon the release, investors may send the questions via email to IR@gigamedia.com.tw by November 10, and the responses will be replied in the webcast. Webcast will be available on the company's official website www.gigamedia.com on November 20.?
Re: GIGM
Maybe "Tesseratic" is going to be hit product.
GIGM: Heavy CEO buying in the past week:
http://www.sec.gov/Archives/edgar/data/1105101/000120919115080419/xslF345X03/doc4.xml
GIGM under heavy accumulation following cloud computing announcment
The buying seems to have started at the end of October when the news came out in Taiwan. For some reason GIGM has been too stupid to issue news about this under its own name (instead of subsidiary Gigacloud)
KGJI
China gold consumption rises 7.8% – China's gold consumption rose 7.83 percent year on year to 814 tons in the first three quarters, industry data showed. (China Daily)
Privatize and then relist in China at a higher valuation.
CO - looks like a new deal is coming
China Cord Blood $co new buyout deal from a Chinese department store. 41.4RMB = $6.50/share https://t.co/BFQayOaifhhttps://t.co/wf9rLe5EnG
— KonekoResearch (@KonekoResearch) November 5, 2015
CHLN now trading over $4...
Short squeeze?
DB forecasts 15 China ADRs will be added to MSCI China index (announcement expected 11/12)
BABA
BIDU
NTES
CTRP
JD
WUBA
VIPS
QIHU
YOKU
EDU
QUNR
YY
ATHM
XRS
SFUN
I'll think about it. One problem is that having it always live would imply an obligation to always have the information up to date. I'm only invested in a few of these so I could easily miss changes.
Re: EJ
Not too surprising. Probably gets finalized with a small bump higher.
IB says 2000 shares available at a 72% borrow rate. I don't like to touch anything that tight.
Stock was under $1.50 in September. Some buyers over the past month got "lucky".
They gotta finish their 10-K
Re: CXDC
I haven't seen anything. Short interest is way down.
There's a fundamental issue that car sales have been weaker than expected this year at the same time that the company is adding new capacity. And they cut guidance last month due to a dispute with a major customer.
Re: SKBI
That's a weird one. The company's description of the situation makes it sound like it's totally under control. A rogue employee (no longer employed and impossible to contact) printed phony bank statements that senior employees unknowingly delivered to auditors. Fortunately the error was discovered and everything is proceeding in a proper and professional manner ...
I made a blog:
https://konekoresearch.wordpress.com/
Like they tell the kids in first grade, you get what you get and you don't get upset.
Re: SKBI
No idea. Haven't followed at all.
KGJI could do well in 3Q like these lucky Fooks:
http://file.irasia.com/listco/hk/chowtaifook/announcement/a151008.pdf
China gold sales +22% in quarter ended 9/30
http://www.lukfook.com/wp-content/uploads/2015/10/eAnnouncement_SSSG-Q2_20151014.pdf
China gold sales -11% by value and +10% by volume in quarter ended 9/30