Nasdaq Listed eLong Becomes Latest Chinese Company to Go Private, Dumps the Nasdaq Listing In 2006, eLong has announced plans to delist from the Nasdaq. Cash deal values the company at $661 million Chinese mobile and online travel service provider eLong Inc. on Wednesday said it agreed to be taken private by its parent China E-dragon Holdings Ltd. […]
HONG KONG—Chinese companies that listed in the U.S. in recent years are suffering a continuing bout of homesickness. Many such companies—particularly from the technology, media and telecoms sector—are looking to go private and then later relist back home, hoping to benefit from higher valuations despite the sharp fall in stock markets there this summer and […]
Journalist Benjamin Wey, China expert and Wall Street financier Live TV Interview on CCTV-America, discussing U.S. – China cross border investments. More about Benjamin Wey: http://benjaminwey.com/ More on Benjamin Wey’s blog: www.benjaminwey.net
Worldwide Acceptance of Reverse Mergers The facts are clear and the conclusions are self-evident. 1) About 40% of all companies listed on the Australian Stock Exchange are reverse merger companies. 2) About 40% of all companies listed on the Canadian markets are reverse merger companies. 3) About 20% of all companies listed on the U.S. […]
Babson College: New York Global Group CEO China Expert Benjamin Wey Keynote Speaker at Babson Entrepreneurship Forum
At the invitation of Babson College, the No.1 ranked U.S. university by U.S. News & World Report in the study of entrepreneurship for the past 20 years, Benjamin Wey, the China expert, journalist, Wall Street financier and CEO of global private equity investment firm New York Global Group, was a keynote speaker at the 2013 […]
In a landmark decision last month, the U.S. Securities and Exchange Commission reversed Nasdaq’s decision to delist a Chinese alternative energy company. The SEC determined that CleanTech Innovations had not intentionally withheld crucial information from Nasdaq. “[T]he record does not show that the specific grounds on which Nasdaq based its delisting decision exist in fact,” […]
Landmark Ruling: The SEC Accuses NASDAQ of Rigging its Listing Process in Cleantech Innovations VS. THE NASDAQ Stock Market
The Securities and Exchange Commission (Commission) has set aside a decision by The NASDAQ Stock Market, LLC delisting the common stock of CleanTech Innovations, Inc. from the NASDAQ Capital Market. NASDAQ based its delisting decision on its finding that CleanTech intentionally withheld documents requested by NASDAQ staff while the staff was considering CleanTech’s application to […]
China Expert, journalist and financier Benjamin Wey Teaches at MIT on Short Sellers and Cross Border Investments.
China expert Benjamin Wey previews Chinese President Xi Jingping’s U.S. summit. Journalist, American finance expert Benjamin Wey, a specialist on China is interviewed by the Wall Street Journal to discuss business, politics and finance.
China’s largest display advertising company Focus Media Holdings (Nasdaq: FMCN) has successfully exited the NASDAQ Stock Market in a $3.8 billion acquisition advised by JP Morgan. The buyout is the largest China based company in history that has abandoned the NASDAQ Stock Market. Focus Media Holdings is an investment portfolio company of global investment firm […]