Friday, October 26, 2012

YONG Privatisation $6.60

YONG, a China-based company and listed at Nasdaq has received an offer from its chairman to privatize the company at US$6.60 a share. The stock is presently traded at around the $5.50 level. 

Here is an opportunity to make a 20% profit within a short period of maybe 3 months. In my opinion, this is low risk and high reward.

Many China-based companies are going private because of their low market value.