China reverse mergers: In through the out door
With China IPOs still stuttering, a number of private equity investors in need of an exit have opted to go public through reverse mergers. Is the risk-reward good enough for this to become the normal?
Beijing Digital Horizon Technology, a mobile social networking provider, originally intended to list in Hong Kong. The company set up a subsidiary - the rather delightfully named E.T. Holding - in the...
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