Replies to post #9482 on China Trading Stocks

[kindama]

Re: CISG and CCCL

CISG offer was $19. It just sold a 7.5% stake to a local insurer at $9.10.
http://finance.yahoo.com/news/cninsure-receive-us-42-3-132615909.html

CCCL was $7, but it was not an MBO. Proposal from a financial group required CEO to roll his shares into the buyout and give the group a free put to dump their stake back to him with a 15% IRR. Basically, he would take all the risk and they would get most of the return.