Replies to post #628 on China Energy Recovery, Inc. (CGYV)

[Ecomike]

Interesting news here for all china stocks like CGYV

HONG KONG—A Chinese copper recycling firm that was taken private by its owner from a New York listing 15 months ago has completed a Hong Kong initial public offering at almost ten times its delisted value.

Gushan was taken private by founder Yu Jiangqiu in October 2012 at a valuation of US$31 million. China Metal, which holds most of Gushan’s assets, priced its Hong Kong IPO at HK$1.13 per share, in the middle of its indicated HK$1.00-HK$1.20 range, and values the firm at about US$306 million, a person familiar with the matter said Monday. The company sold 618.5 million shares and is scheduled to list in Hong Kong on Feb. 21.

http://blogs.wsj.com/moneybeat/2014/02/17/hk-ipo-provides-windfall-for-us-delisted-china-metal-resources/