China’s Reverse Merger Stocks
As you may have read, in our Xinde Technology (WTFS.OB) entry, Chinese reverse merger stocks are heavily in the eye of the news. Many of them are heavily shorted based on questionable financials, sector sentiment, market conditions etc.
Chinese companies have recently taken advantage that allows companies to be listed without actually doing an IPO. Instead, they buy a publicly traded shell company, takeover the board and install their own management team. The Chinese reverse merger has also proved to be a faster, less expensive way to go public.
In the past reverse mergers have traditionally been executed by penny stocks. Now, the game has changed,as we see them being done even on the NYSE. Right now, there are almost 100 Chinese companies that have gained listings on the NYSE, AMEX and NASDAQ through this listing process. As many of our readers know, we often write entries that are geared towards giving our readers the edge that they need in trading, and even some astute, experienced traders are unaware of which Chinese stocks actually are reverse merger plays. So we are providing a list of the stocks and symbols on the NYSE and AMEX below. Hopefully this piece saves you some time.
Chinese Reverse Merger Plays
American Lorain ALN
Aoxing Pharmaceutical AXN
China Armco Metals CNAM
China Botanic Pharmaceutical CBP
China GengSheng Minerals CHGS
China Marine Food Group CMFO
China North East Petroleum NEP
China Northfruit Group CNGL
China Pharma Holdings CPHI
China Shen Zhou Mining SHZ
China Shenghou Pharmaceutical KUN
Ever-Glory International EVK
Feihe International ADY
General Steel Holdings GSI
Longwei Petroleum Investment LPH
New Energy Systems Group NEWN
NIVS Intellimedia Technology NIV
Orient Paper ONP
Orsus Xelent Technologies ORS
Puda Coal PUDA
Sinohub SIHI
Tianyin Pharmaceutical TPI
Tiens Biotech TBV
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