AXN is connected to AOBI which owned about 24% of its shares. AOBI announced that it would execute a 1:500 reverse split in order to reduce the number of holders and go dark. The effective date for the split passed. AOBI shareholders never received the promised cash payout for fractional shares.

http://investorshub.advfn.com/American-Oriental-Bioengineering-Inc-AOBI-2602/

So I think you should approach any connected company with extreme caution.

Thanks. I can't write in Chinese. I just read it using google translate.

Re: IKGH

IKGH serves the VIP market which is the worst part of the market. Stabilization and potential recovery are underway in the "mass" and "premium mass" segments. Those are the segments the government is willing to encourage.

Looks like the company wants the price to go higher. Last 2 press releases were fluff accompanied by twitter promotion campaigns. Maybe they want the stock over $1 in order to avoid doing a reverse split.

I don't have any news on a CFO or anything else from the company.

If you have an SMS contact number for the COO then that's a good question to ask. As well as what's the deal with the acquisition, how is business going in 2015, and what's the plan for the stock.

Desheng is an internet marketing platform that Zuoan agreed to acquire in June:



Media coverage of the deal:
http://www.afinance.cn/new/smzx/201506/879762.html

Corporate site:
http://dsszwlpt.com/

Store site:
http://dzd.wddcn.com/vshop/brand_filtrate.html?sid=10305

Thanks for sharing that. Did you get it by phone or email?

Any kind of news or business update would be a great start.

It's awkward that desheng is still promoting ZA as a NYSE listed company.

Amended F-3 changed language regarding dividend

Previous filing (9/23):
"We do not currently have any plans to pay any cash dividends in the foreseeable future on our shares being sold in this offering. We currently intend to retain most, if not all, of our available funds and any future earnings to operate and expand our business."

Amended filing (10/09):
"Our Board of Directors has not yet made a determination as to the Company’s dividend policy for 2015 or the foreseeable future. We continue to monitor a continued slowdown in China’s economy as well as China’s real estate sector which would negatively impact the building materials industry. Further, our management believes that it is likely that difficult market conditions in our business sector will prevail for the rest of the year and for some time beyond. Therefore, our Board will engage in additional deliberations in the future as to our dividend policy. In light of the foregoing, we have no current plans to pay any cash dividends on our shares being sold in this offering."

The changed language is consistent with what was said on the last conference call so it's not really news, but I'm glad that they made this correction to the filing and made it clear that the company can pay dividends depending on market conditions.

ACTS: Fearon tendered all his stock. Minimal remaining holding in the company he described as "despicable"

Remaining shareholders: you're on your own now...

http://ih.advfn.com/p.php?pid=nmona&article=68825228&symbol=ACTS

Re: CHOP

Those "recent" pictures and tour video have been there for 4 years:
https://web.archive.org/web/20111018000402/http://www.geruigroup.com/

Re: CHOP

Any evidence that they are still in business?

Re: Shanghai index will rise 6-8% tonight

Obviously came up short. ETFs were priced for a bigger move.

Looks like they are selling womens accessories now too
http://pxl.999zx.cn/m/proddetail.htm?id=8202&pid=1778

Decent recovery beginning at XNY
http://ih.advfn.com/p.php?pid=nmona&article=68798826&symbol=XNY

If ZA is not a fake or a fraud then it should be doing better than XNY.

I think it's already basically priced in so I'm not trading it, but I think it will lead to cheery headlines tomorrow that will boost sentiment.

The index could probably rise more, but individual stocks in china have a daily 10% price limit.

Shanghai index will rise 6-8% tonight

Market has been closed for holiday since 9/30. Hang Seng China Enterprises Index up 10.5% since then. ETFs like ASHR pricing in a 7% move.

Deal terminated:
http://www.sec.gov/Archives/edgar/data/1105101/000130901415000675/exhibit1.htm

2002 was when they were an ISP and before they bought the record stores. Kinda funny how many business plans this company has burned through.

It held around $1 because people were comfortable with the cash. If this deal closes then the cash is replaced by ... what? They haven't really laid out how they are going to make the acquisition work.

It's messed up, but the company is still in business, and as you say it's still meeting its SEC reporting requirements as recently as last month.

After that print yesterday at $0.001 I was willing to buy the whole company at that price today, but it doesn't look like I'm going to get filled.

ZAHLY

Traded 2000 shares today over the counter. Still not officially delisted yet.

Promoting "The Autumn Spike Area" on Tmall
https://zuoan.tmall.com/

China TechFaith (CNTF) Shareholders Request Special Committee to Maximize Shareholder Value

http://www.streetinsider.com/Corporate+News/China+TechFaith+%28CNTF%29+Shareholders+Request+Special+Committee+to+Maximize+Shareholder+Value/10935929.html?si_client=intbro

AMCN Definitive Buyout Agreement at $6

Financing from China Merchants Bank

http://www.prnewswire.com/news-releases/airmedia-enters-into-definitive-merger-agreement-for-going-private-transaction-300151433.html

The China market crash doesn't seem to have deterred these go-private deals. CNIT probably not going to close though ...

China to Cut Purchase Tax on Some Cars
Tax cut for vehicles with engines no larger than 1.6 liters aimed at boosting demand
Sept. 29, 2015 8:40 a.m. ET

SHANGHAI—China said Tuesday it will cut the purchase tax in half on cars with engines no larger than 1.6 liters in a bid to boost the world’s largest car market, which is grappling with sluggish demand amid an economic slowdown.

The central government said the incentive, which will be effective between Thursday and the end of next year, is aimed at boosting demand. Cars sold in China are subject to a 10% purchase tax as well as other duties.

More than 60% of China’s car market is for vehicles with less than 1.6-liter engines, industry data show.

China’s new-car sales have dropped into a slow lane after years of rapid growth. As the economy slows, the government has continued to crack down on corruption and more cities have curbed car ownership to reduce traffic congestion and air pollution. Latest official data show that China’s new-car sales fell 3.4% to 1.42 million vehicles in August, following a 6.6% decline in July and a 3.4% fall in June.

China’s largest auto maker by sales, SAIC Motor Corp., last month forecast zero growth in industrywide sales of passenger and commercial vehicles this year. The government-backed China Association of Automobile Manufacturers in July slashed its forecast for China’s auto market in 2015 to a 3% gain, from a prior estimate of 7% growth.

Car manufacturing is one of the pillars for China’s economy, accounting for more than 10% of the country’s gross domestic product, according to the top statistics bureau.

The last time China lowered the purchase tax for small cars was in 2009, when the global financial crisis took a toll on demand for cars. The cut engendered a 53% surge in passenger car sales that year and helped China supersede the U.S. to become the world’s largest auto market.

Hoping to rejuvenate the economy, China’s central bank in August cut interest rates for the fifth time since November and lowered for the third time the amount of deposits banks must hold in reserve. The People’s Bank of China also slashed the required reserves that auto-financing and leasing companies must hold to improve demand for cars.

—Rose Yu

Bids seem to be getting stronger.

Company says it's net asset value is $2.46

http://www.millinvestment.com/
http://www.millinvestment.com/uploads/5/0/8/7/50870073/miac_investor_presentation_6_9_15_v18_(final).pdf

Delisting Appeal:

If ZA appealed then it sounds like the process could take a while:
http://www.htflawyers.com/news/what-to-do-if-your-company-receives-a-delisting-notice-from-nasdaq-or-nyse-amex

IT's about the fx trading. They settled it fast.

Re: SGOC

FWIW, the company told me they received the final two installment payments from the sale announced in December.

I can't figure these guys out. They continue to meet all the minimum regulatory requirements, but not a single thing beyond that.

Contrast with Lentuo which never filed a thing after January 20 (including never disclosing the delisting notice like ZA just did).
http://www.sec.gov/cgi-bin/browse-edgar?company=lentuo&owner=exclude&action=getcompany

Re:UTSI

I'm sure they noticed it a long time ago , but they didn't give out their info for free until now.

Truck sales turn positive

August sales up 1.9% vs one year ago. Market may finally have found a bottom.

RE: ZA

The NYSE suspended the company, but it's not officially delisted until the exchange files an SEC Form 25. It can't trade OTC until that's done. Tuesday sounds about right.

Paul Gillis comments on dual listing:

"I have also heard that Chinese regulators are aware of the moral hazard present in these companies delisting at low values and relisting at much higher values in China. I am told that they are considering allowing US listed Chinese companies to seek a dual listing in China. That could be a major win for investors, and the continued efforts of the SEC and the PCAOB to police this sector may provide the most important protection for shareholders, since I am skeptical that Chinese regulators will be up to the task of effectively rooting out fraud in these companies."

http://seekingalpha.com/article/3492706-will-china-let-the-pcaob-in

AMCF CFO quits because he says he hasn't been paid for one year:

http://www.sec.gov/Archives/edgar/data/1469606/000114420415053446/v419511_ex99-1.htm


"I resign on the day you get the this message. The reason is I haven't got my salary for one year.

Till now USD$75,000 should be paid to me .Please give it to me in a month including the salary and compensation. I retain the right to recourse through all kinds of means.such as legal ."

Re: ZA

Suspended and subject to delisting because market cap under $15mm. In theory the company could appeal, but I'm not sure what's the point if they don't have a convincing argument for why the market cap is about to jump.

So most likely going OTC. ZOAN? ZACN?

SPU china sub to trade OTC in China

SkyPeople Fruit Juice Announces Plans to List SkyPeople (China) on the National Equities Exchange and Quotations in China
PR Newswire
September 01, 2015: 09:00 AM ET

XI'AN, China, Sept. 1, 2015 /PRNewswire/ -- SkyPeople Fruit Juice, Inc. (NASDAQ: SPU - News) ("SkyPeople" or "the Company"), a producer of fruit juice concentrates, fruit juice beverages and other fruit-related products, is pleased to announce that its Board of Directors has approved and authorized its management to start the preparatory work for the listing of SPU's PRC operating subsidiary, SkyPeople Juice Group Co., Ltd. ("SkyPeople (China)"), on the National Equities Exchange and Quotations (the "NEEQ") in Beijing, China.
The NEEQ is a new-style, over-the-counter stock market which was approved by The State Council of the PRC and established in January, 2013. The main purpose of establishing the NEEQ financing platform was to resolve the needs of a certain small and medium-sized enterprises which cannot meet the listing standards of the Shanghai Stock Exchange (the "SSE") or the Shenzhen Stock Exchange (the "SZSE") and thus, cannot raise capital on those markets. Compared to the SSE and SZSE, the supervision and transaction rules of the NEEQ are less restrictive.
Since the NEEQ was established in 2013, it has developed quickly. As of August 1, 2015, there were almost three thousand listed companies on the NEEQ. The total number of listed enterprises on the SSE and SZSE was only approximately two thousand eight hundred. Because of the open and flexible conditions for listing on the NEEQ, this new market has attracted many high quality companies.
As an example, on April 3, 2015, SynTheAll Pharmaceutical Co. Ltd ("STA"), the wholly owned subsidiary of WuXi PharmaTech (Cayman) Inc. ("WuXi"), listed on the NEEQ successfully. WuXi is listed on the NYSE (stock symbol: WX). STA created a model for overseas-listed Chinese companies to enter the PRC capital markets. SkyPeople believes that it is widely accepted that the method adopted by STA could enable more companies to take advantages of PRC and overseas capital markets, thus opening a new channel for broadening companies' sources of financing.
In addition to STA, other companies listed on NEEQ include: JD Capital, Uwaysoft and Blue Mountains Technology Co., Ltd., to name a few.
The management of SkyPeople is now actively preparing a plan for listing SkyPeople (China) on the NEEQ, but, at the present time, the Board of Directors of SkyPeople has not authorized a capital financing for SkyPeople (China) on the NEEQ. The purpose of the Board of Directors approval and authorization of SkyPeople (China)'s listing on the NEEQ is to take full advantage of the rapid developments in the PRC capital markets which can bring opportunities to enterprises such as SkyPeople (China) and help them realize the realistic valuations in the stock market, and open a potential channel of financing from the public capital markets within China.
Although the Board of Directors has authorized SPU's management to start the preparatory work of the listing of SkyPeople (China) on the NEEQ, the Board of Directors and SPU's management cannot guarantee that SkyPeople (China) will be able to list on the NEEQ successfully. There also cannot be any assurances as to whether SkyPeople (China) can be successful in raising new capital on the NEEQ in the future.

Re: FABU

Improved governance would only have value if FABU had any value. There's nothing left.
-----------------------------------------------------------------------

The Company’s business in China appears to be abandoned. The Company’s retail stores are closed and empty. Management has been unable to determine whether the Company’s wholesale business is operating. The Company’s digital business – provision of digital content over multiple platforms – has ceased for lack of funds. Given the matters set forth herein, it appears that there is no Company personnel currently providing service to the Company in China other than Vice President Cindy Lv, who is assisting management in determining the circumstances in China. Operations in the United States continue.

The owner of the office facilities leased, in part, by the Company (the Chairman’s private companies occupy the vast majority of the space) in Beijing has foreclosed on the premises for nonpayment of rent and claims to have a judgment against the Company. The Company’s PRC counsel has been in contact with the landlord’s counsel to attempt to negotiate access to the facilities. Because the Company does not have access to the facilities, management does not have possession of the Company chops or access to the Company’s books and records.

Re: FABU

That looks despicable. Law Firm is essentially taking a $250000 payoff to close the suit and walk away leaving clients with no recovery and no further claim.

China Crash Explained

http://www.theonion.com/article/shoddy-chinese-made-stock-market-collapses-51163

Re: NQ

I have been following this at all. Tsinghua is a blue chip buyer.

Quirky thing is that NQ describes a "legally binding framework agreement", but it is still "subject to negotiations among the parties regarding the detailed deal structure, the signing of a definitive purchase agreement". If there's no deal yet then the term "legally binding" sounds like hype.

The privatize and relist schemes are looking shaky. Some could go through at reduced prices.