Buyout firms continue to gamble on take-private deals

Attacks from short sellers are driving some Chinese companies to abandon US listings, with Fushi Copperweld the latest to join the exodus.

Buyout firms continue to gamble on take-private deals
Chinese companies are no longer so bullish about listing in the US

Many Chinese companies listed in the US are finding life difficult these days as accusations of fraud and dodgy accounting continue to pile up. But, as one group of investors shuns these reverse-merger companies, some buyout firms are still convinced they can make money from taking them private and realising higher valuations by re-listing back in Asia.

US private equity firm Abax Global Capital likes the idea so much it has just completed its second...

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