Table of Chinese Reverse Mergers on U.S. Exchanges
Sent in by Shaza and just what GAW was talking about on Thursday. Don't forget to buy SLW :-)
(Corrects story published June 22 to remove Biostar Pharmaceuticals,China CGame, China Distance Education Holdings, China Finance Online, China Gerui Advanced Materials Group, China Mass Media, Dehaier Medical Systems, Fuwei Films Holdings, Jinpan International, Tianli Agritech, UTStarcom, Yingli Green Energy Holding, Youku.com and Zuoan Fashion.)
NYSE Euronext (NYX) and Nasdaq OMX Group Inc. (NDAQ), the two biggest operators of U.S. equity markets, say the following companies are based in China and gained listings on U.S. exchanges after conducting reverse mergers, in which a publicly traded shell corporation is purchased. Stocks that have been delisted from the Nasdaq Stock Market, NYSE Amex or New York Stock Exchange have been omitted.
The Securities and Exchange Commission cautioned investors on June 9 about buying stakes in Chinese-based companies when they gain listings through reverse mergers, avoiding the regulatory and investor scrutiny of initial public offerings. The list of companies is on the link below.