Thursday, June 23, 2011

List of Chinese Reverse Mergers

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There have been quite a few Chinese frauds exposed in the past 6 months - many of these were listed on U.S. markets via reverse mergers.  Essentially this is an old shell of a listing that an existing company can move into - sort of like when crab sheds its old shell and moves into better digs.  Many of these companies have been exposed by a handful of firms who specialize in shorting (i.e. the Muddy Waters types).

Bloomberg has a list of all Chinese reverse mergers so one can assume someone at these handful of firms is looking into each and every one.   I am sure some babies will get thrown out with the bathwater but I would not go near these with your 10 foot pole, since waking up one morning to a -80% return is not my cup of tea.   In full disclosure I've spoken (and been bullish) on a few of these over the past 3-4 years.  The extent of fraud from the Chinese has been a bit stunning to me - I guess being like Enron is cool.

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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, according to data compiled by NYSE Euronext. (NYX) 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.


NAME                                      TICKER       EXCHANGE
AgFeed Industries                         FEED US      Nasdaq
American Lorain                            ALN US      NYSE Amex
Aoxing Pharmaceutical                      AXN US      NYSE Amex
A-Power Energy Generation Systems         APWR US      Nasdaq
AutoChina International                   AUTC US      Nasdaq
Biostar Pharmaceuticals                   BSPM US      Nasdaq
China Armco Metals                        CNAM US      NYSE Amex
China Auto Logistics                      CALI US      Nasdaq
China Automotive Systems                  CAAS US      Nasdaq
China BAK Battery                         CBAK US      Nasdaq
China Biologic Products                   CBPO US      Nasdaq
China Botanic Pharmaceutical               CBP US      NYSE Amex
China Cablecom Holdings                   CABL US      Nasdaq
China Ceramics                            CCCL US      Nasdaq
China CGame                               CCGM US      Nasdaq
China Finance Online                      JRJC US      Nasdaq
China Fire & Security Group               CFSG US      Nasdaq
China GengSheng Minerals                  CHGS US      NYSE Amex
China Gerui Advanced Materials Group      CHOP US      Nasdaq
China HGS Real Estate                     HGSH US      Nasdaq
China Housing & Land Development          CHLN US      Nasdaq
China Information Technology              CNIT US      Nasdaq
China Infrastructure Investment           CIIC US      Nasdaq
China Jo-Jo Drugstores                    CJJD US      Nasdaq
China Marine Food Group                   CMFO US      NYSE Amex
China Natural Gas                         CHNG US      Nasdaq
China North East Petroleum Holdings        NEP US      NYSE Amex
China Nutrifruit Group                    CNGL US      NYSE Amex
China Pharma Holdings                     CPHI US      NYSE Amex
China Recycling Energy                    CREG US      Nasdaq
China Ritar Power                         CRTP US      Nasdaq
China Shen Zhou Mining & Resources         SHZ US      NYSE Amex
China Shengda Packaging Group             CPGI US      Nasdaq
China Shenghuo Pharmaceutical Holdings     KUN US      NYSE Amex
China Sky One Medical                     CSKI US      Nasdaq
China TransInfo Technology                CTFO US      Nasdaq
China Valves Technology                   CVVT US      Nasdaq
China XD Plastics                         CXDC US      Nasdaq
China Yida Holdings                       CNYD US      Nasdaq
China-Biotics                             CHBT US      Nasdaq
ChinaCast Education                       CAST US      Nasdaq
ChinaNet Online Holdings                  CNET US      Nasdaq
Cleantech Solutions International         CLNT US      Nasdaq
Cogo Group                                COGO US      Nasdaq
Deer Consumer Products                    DEER US      Nasdaq
Dehaier Medical Systems                   DHRM US      Nasdaq
Ever-Glory International Group             EVK US      NYSE Amex
Feihe International                        ADY US      NYSE
Fuwei Films Holdings                      FFHL US      Nasdaq
General Steel Holdings                     GSI US      NYSE
Guanwei Recycling                         GPRC US      Nasdaq
Gulf Resources                            GFRE US      Nasdaq
Harbin Electric                           HRBN US      Nasdaq
Highpower International                    HPJ US      Nasdaq
Hollysys Automation Technologies          HOLI US      Nasdaq
Jiangbo Pharmaceuticals                   JGBO US      Nasdaq
Jingwei International                     JNGW US      Nasdaq
Jinpan International                       JST US      Nasdaq
Kandi Technologies                        KNDI US      Nasdaq
Keyuan Petrochemicals                     KEYP US      Nasdaq
Kingold Jewelry                           KGJI US      Nasdaq
Longwei Petroleum Investment Holding       LPH US      NYSE Amex
New Energy Systems Group                  NEWN US      NYSE Amex
NF Energy Saving                          NFEC US      Nasdaq
NIVS IntelliMedia Technology Group         NIV US      NYSE Amex
Orient Paper                               ONP US      NYSE Amex
Origin Agritech                           SEED US      Nasdaq
Orsus Xelent Technologies                  ORS US      NYSE Amex
Puda Coal                                 PUDA US      NYSE Amex
QKL Stores                                QKLS US      Nasdaq
Shengkai Innovations                      VALV US      Nasdaq
Shiner International                      BEST US      Nasdaq
Sinohub                                   SIHI US      NYSE Amex
Sinovac Biotech                            SVA US      Nasdaq
SkyPeople Fruit Juice                      SPU US      Nasdaq
Skystar Bio-Pharmaceutical                SKBI US      Nasdaq
SmartHeat                                 HEAT US      Nasdaq
SORL Auto Parts                           SORL US      Nasdaq
Sutor Technology Group                    SUTR US      Nasdaq
Telestone Technologies                    TSTC US      Nasdaq
THT Heat Transfer Technology              THTI US      Nasdaq
Tianli Agritech                           OINK US      Nasdaq
Tianyin Pharmaceutical                     TPI US      NYSE Amex
Tiens Biotech Group                        TBV US      NYSE Amex
Winner Medical Group                      WWIN US      Nasdaq
Wonder Auto Technology                    WATG US      Nasdaq
Wuhan General Group China                 WUHN US      Nasdaq
Yongye International                      YONG US      Nasdaq
Yucheng Technologies                      YTEC US      Nasdaq
Yuhe International                        YUII US      Nasdaq
Zhongpin                                  HOGS US      Nasdaq
Zoom Technologies                         ZOOM US      Nasdaq

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