Fortress, Bain and Abax set trend for China ‘go-private’ deals

There are hundreds of Chinese companies listed in the US. Had they listed themselves in their home market, the act of listing would have taken a lot longer, so many simply performed reverse mergers in the US and hey presto, they became publicly quoted. However, many US-listed Chinese firms have not been enjoying the experience, because the current market environment for US-listed Chinese companies has changed this year. Short-seller attacks, fraud, negative media coverage and poor…