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Seeking Alpha reported China is continually privatizing its companies and may make a move for China Carbon Graphite Inc. (PINK:CHGI) next.
Seeking Alpha reported China is continually privatizing its companies and may make a move for China Carbon Graphite Inc. (PINK:CHGI) next.
As quoted in the market news:
It is my belief that quite soon the management of China Carbon Graphite Inc. (CHGI) will avail itself of China Development Bank funding and take the company private at about $1.25 / $1.50 or more for the 14.8 million shares that are not under management control.
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