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Complete List Of All Chinese Reverse Merger Companies

Tyler Durden's picture




 

Some time ago we created a short basket of Chinese fraudcaps based on every single Buy recommendation from disgraced brokerage firm Global Hunter Securities. So far the basket has returned about 50%. However, as Sino Forest indicates, there is much more room to go as fraud after fraud get exposed. Therefore, to make readers' lives easy in creating a new and improved Chinese short basket, below is every single Chinese company which began trading through a reverse merger on the NYSE and Nasdaq. Sooner or later, 99% of these companies will be trading at $0.00, although neither the cash strapped Nasdaq, nor the irrelevant NYSE will ever refund listing fees to the soon to be defunct companies. In the meantime, creating a short basked from all of these names is easily a good repeat of a slow bleed trade.

Full list of every single reverse merger still trading:

 




NAME TICKER EXCHANGE
AgFeed Industries FEED Nasdaq
American Lorain ALN NYSE Amex
Aoxing Pharmaceutical AXN NYSE Amex
A-Power Energy Generation
Systems
APWR Nasdaq
AutoChina International AUTC Nasdaq
China Armco Metals CNAM NYSE Amex
China Auto Logistics CALI Nasdaq
China Automotive Systems CAAS Nasdaq
China BAK Battery CBAK Nasdaq
China Biologic Products CBPO Nasdaq
China Botanic Pharmaceutical CBP NYSE Amex
China Cablecom Holdings CABL Nasdaq
China Ceramics CCCL Nasdaq
China Fire & Security
Group
CFSG Nasdaq
China GengSheng Minerals CHGS NYSE Amex
China HGS Real Estate HGSH Nasdaq
China Housing & Land
Development
CHLN Nasdaq
China Information Technology CNIT Nasdaq
China Infrastructure
Investment
CIIC Nasdaq
China Jo-Jo Drugstores CJJD Nasdaq
China Marine Food Group CMFO NYSE Amex
China Natural Gas CHNG Nasdaq
China North East Petroleum
Holdings
NEP NYSE Amex
China Nutrifruit Group CNGL NYSE Amex
China Pharma Holdings CPHI NYSE Amex
China Recycling Energy CREG Nasdaq
China Ritar Power CRTP Nasdaq
China Shen Zhou Mining &
Resources
SHZ NYSE Amex
China Shengda Packaging Group CPGI Nasdaq
China Shenghuo Pharmaceutical
Holdings
KUN NYSE Amex
China Sky One Medical CSKI Nasdaq
China TransInfo Technology CTFO Nasdaq
China Valves Technology CVVT Nasdaq
China XD Plastics CXDC Nasdaq
China Yida Holdings CNYD Nasdaq
China-Biotics CHBT Nasdaq
ChinaCast Education CAST Nasdaq
ChinaNet Online Holdings CNET Nasdaq
Cleantech Solutions
International
CLNT Nasdaq
Cogo Group COGO Nasdaq
Deer Consumer Products DEER Nasdaq
Ever-Glory International
Group
EVK NYSE Amex
Feihe International ADY NYSE
General Steel Holdings GSI NYSE
Guanwei Recycling GPRC Nasdaq
Gulf Resources GFRE Nasdaq
Harbin Electric HRBN Nasdaq
Highpower International HPJ Nasdaq
Hollysys Automation
Technologies
HOLI Nasdaq
Jiangbo Pharmaceuticals JGBO Nasdaq
Jingwei International JNGW Nasdaq
Kandi Technologies KNDI Nasdaq
Keyuan Petrochemicals KEYP Nasdaq
Kingold Jewelry KGJI Nasdaq
Longwei Petroleum Investment
Holding
LPH NYSE Amex
New Energy Systems Group NEWN NYSE Amex
NF Energy Saving NFEC Nasdaq
NIVS IntelliMedia Technology
Group
NIV NYSE Amex
Orient Paper ONP NYSE Amex
Origin Agritech SEED Nasdaq
Orsus Xelent Technologies ORS NYSE Amex
Puda Coal PUDA NYSE Amex
QKL Stores QKLS Nasdaq
Shengkai Innovations VALV Nasdaq
Shiner International BEST Nasdaq
Sinohub SIHI NYSE Amex
Sinovac Biotech SVA Nasdaq
SkyPeople Fruit Juice SPU Nasdaq
Skystar Bio-Pharmaceutical SKBI Nasdaq
SmartHeat HEAT Nasdaq
SORL Auto Parts SORL Nasdaq
Sutor Technology Group SUTR Nasdaq
Telestone Technologies TSTC Nasdaq
THT Heat Transfer Technology THTI Nasdaq
Tianyin Pharmaceutical TPI NYSE Amex
Tiens Biotech Group TBV NYSE Amex
Winner Medical Group WWIN Nasdaq
Wonder Auto Technology WATG Nasdaq
Wuhan General Group China WUHN Nasdaq
Yongye International YONG Nasdaq
Yucheng Technologies YTEC Nasdaq
Yuhe International YUII Nasdaq
Zhongpin HOGS Nasdaq
Zoom Technologies ZOOM Nasdaq

 

Source: Bloomberg

 

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Fri, 06/24/2011 - 10:01 | 1398267 The Axe
The Axe's picture

Do I get fried rice,? if i short the entire basket?

Fri, 06/24/2011 - 10:06 | 1398271 homersimpson
homersimpson's picture

That's an extra 50 cents for fried rice.

Fri, 06/24/2011 - 11:23 | 1398550 Pladizow
Pladizow's picture

NO, but you may get fly lice!

Fri, 06/24/2011 - 10:08 | 1398272 scatterbrains
scatterbrains's picture

Gulf Resources GFRE is/was wollonchuck's best picks with all his sycophant followers loading the boat long on that one as it collapsed from 10+ down to 2ish I wonder if they're all doubling down now at these bargain prices lol

Fri, 06/24/2011 - 10:06 | 1398281 i-dog
i-dog's picture

Their corporate naming has got a lot more focussed since the days of the "Number One Great Wall Storm Door Trading and Airline Company, Inc."

Fri, 06/24/2011 - 10:10 | 1398284 Global Hunter
Global Hunter's picture

Tyler perhaps you should do some research into my research analysis ratings methodology you obviously don't get it.  7% cash and 10% BWs on any banking deal = strong buy.  

I have no idea what your problem is or why you are so fixated on this subject, my research methodology has been profitable for some select folks.

Fri, 06/24/2011 - 10:08 | 1398288 youngman
youngman's picture

That is quite a list...I wonder if anyone in the SEC has the balls to look at these as a fraud...or is theft legal now..at least on Wall Street...I know..I know...it is...I was just dreaming

Fri, 06/24/2011 - 10:12 | 1398295 BeerWhisperer
BeerWhisperer's picture

Investd in CALI based on their fundamentals provided on the K report and market research. No new news or reports and it has dropped 40% despite a growing market in that sector. If this becomes a fraud cap, can I file a lawsuit against nasdaq for lack of due dilligence etc... hypothetically?

 

 

Fri, 06/24/2011 - 10:13 | 1398296 Atomizer
Atomizer's picture

Opening the Chinese fortune cookie should reveal a special message. Oops...wrong cookie!

Fri, 06/24/2011 - 10:23 | 1398298 Cognitive Dissonance
Cognitive Dissonance's picture

I don't see Skynet listed..........yet.

That will be the grand daddy tell of them all that the end is very very near.

Fri, 06/24/2011 - 10:32 | 1398351 InconvenientCou...
InconvenientCounterParty's picture

check Cyberdyne Systems.

Or look for M&A between GD and IRBT, AVAV.

Fri, 06/24/2011 - 10:19 | 1398319 jsavage
jsavage's picture

what auditing firm audits these companies?

Fri, 06/24/2011 - 11:23 | 1398566 Pladizow
Pladizow's picture

Dooey, Cheetum and Howw!

Fri, 06/24/2011 - 10:29 | 1398338 Jason T
Jason T's picture

Now show a list of all the insolvent banks and countries.

Fri, 06/24/2011 - 10:30 | 1398359 ThirdCoastSurfer
ThirdCoastSurfer's picture

Wonder Auto Technology, WATG at $5.42 looks good to me, the legal fees alone are daunting.

I just can't get into stocks that trade 250k a day with all the auto bots on patrol. It's like driving through a small town with speed trap and out of state plates.  

Fri, 06/24/2011 - 10:54 | 1398444 Milton Waddams
Milton Waddams's picture

Attaching the word 'China' to the name of your reverse-merger scam is, more often than not, a dead giveaway.  It is similar to the late nineties, early aughts when companies would append '.com' to their names before IPO'ing because investors could not get enough exposure to '.com' 'names'.  When the bubble burst, the new fad was to remove the '.com'.  The moral of the story is dumb money is dumb.

Fri, 06/24/2011 - 11:11 | 1398521 defn8Dog
defn8Dog's picture

Thanks for the shopping list, TD.

Fri, 06/24/2011 - 11:24 | 1398555 Fundemental Pri...
Fundemental Principles's picture

How Long is a chinaman.

Fri, 06/24/2011 - 11:35 | 1398618 Palladin
Palladin's picture

Here's some more information for the Chinese Reverse Merger list. It has today's prices, the 52 week high and low, and 5 day average volume. It will be interesting to see how they shake out in 6 months or so.

 

The format looks kinda goofy, but if you copy it, and save it in .CSV format, you can open it in Excel. I couldn't see any other way to do it. If somebody else can figure out a way to post a formatted page, that would be great.

---------------------------------------------------------------------------

Chinese Reverse Merger Stocks priced as of 6/24/11,,,,,

Symbol,Description,Last Price,Avg Vol-5 day,52 Wk High,52 Wk Low
ADY,FEIHE INTERNATIONAL INC,6.85,"123,632",17.44,6.31
BEST,SHINER INTERNATIONAL,1.00,"15,546",1.69,0.85
CLNT,CLEANTECH SOLUTIONS INTL,1.45,"35,836",5.19,1.20
CNET,CHINANET ONLINE HOLDINGS,1.64,"11,930",5.24,1.58
COGO,COGO GROUP INC,5.18,"176,647",9.55,4.92
DEER,DEER CONSUMER PROD NEW,7.00,"671,969",13.00,4.88
EVK,EVER GLORY INTL NEW,1.95,"11,992",3.20,1.59
GFRE,GULF RESOURCES INC NEW,3.24,"1,223,690",11.95,2.30
GPRC,GUANWEI RECYCLING CORP,1.42,"13,239",4.70,1.17
GSI,GENERAL STEEL HOLDINGS,1.50,"125,675",3.73,1.37
HEAT,SMARTHEAT INC,1.36,"617,842",8.11,1.08
HOLI,HOLLYSYS AUTO TECH LTD,10.02,"640,360",18.15,7.59
HPJ,HIGHPOWER INTL INC,1.69,"44,904",4.80,1.24
HRBN,HARBIN ELECTRIC INC,14.74,"6,419,555",25.05,5.82
JGBO,JIANGBO PHARMACEUTICALS,3.08,"3,390",10.98,3.01
JNGW,JINGWEI INTERNATIONAL,1.58,"5,194",6.18,1.39
KEYP,KEYUAN PETROCHEMICALS,4.88,"24,827",5.75,3.15
KGJI,KINGOLD JEWELRY INC NEW,1.59,"45,422",11.95,1.29
KNDI,KANDI TECHNOLOGIES CORP,1.95,"46,755",7.25,1.72
LPH,LONGWEI PETE INVT HLDG,1.54,"241,307",3.95,1.25
NEWN,NEW ENERGY SYS GROUP,2.35,"241,617",9.20,2.25
NFEC,NF ENERGY SAVING CP NEW,1.67,"89,876",9.00,1.57
NIV,NIVS INTELLIMEDIA TECH,2.21,,3.75,1.96
ONP,ORIENT PAPER INC NEW,3.44,"85,416",9.18,3.18
ORS,ORSUS XELENT TECHS NEW,4.92,"1,259,334",14.52,0.60
PUDA,PUDA COAL INC NEW,6.00,"4,810,356",16.97,5.30
QKLS,QKL STORES INC,1.90,"141,919",6.36,1.07
SEED,ORIGIN AGRITECH LTD,4.00,"180,437",11.86,3.92
SIHI,SINO HUB INC,1.10,"66,909",3.30,1.03
SKBI,SKYSTAR BIO PHARM CO NEW,3.31,"37,201",10.58,3.06
SORL,SORL AUTO PARTS INC,3.74,"86,520",10.22,3.50
SPU,SKYPEOPLE FRT JUICE NEW,2.60,"136,283",6.59,1.95
SUTR,SUTOR TECHNOLOGY GP LTD,1.32,"24,670",2.40,1.05
SVA,SINOVAC BIOTECH LTD,3.20,"267,799",5.06,2.77
TBV,TIENS BIOTECH GROUP USA,1.03,"2,869",1.97,1.00
THTI,THT HEAT TRANSFER TECH,3.50,"3,092",5.40,3.20
TPI,TIANYIN PHARMACEUTICAL,1.48,"199,258",3.69,1.35
TSTC,TELESTONE TECHNOLOGIES,5.81,"87,118",15.48,5.00
VALV,SHENGKAI INNOVATIONS INC,1.51,"136,873",8.56,1.39
WATG,WONDER AUTO TECH INC,5.42,"42,101",11.50,4.86
WUHN,WUHAN GENERAL GROUP INC,0.49,"4,713",1.48,0.40
WWIN,WINNER MEDICAL GROUP NEW,4.54,"41,964",6.57,4.33
YONG,YONGYE INTERNATIONAL INC,5.40,"656,501",9.49,3.01
YTEC,YUCHENG TECHS LTD,3.14,"46,011",4.50,2.84
YUII,YUHE INTL INC,1.21,"347,502",11.14,1.10

Fri, 06/24/2011 - 12:42 | 1398863 Trajan
Trajan's picture

humm, where's Zombie Technologies??

:lol:

Fri, 06/24/2011 - 14:42 | 1399131 monkeyshine
monkeyshine's picture

Thank you for the list!  While I cannot post it in format (at least I didn't try) I did put it into excel and did some quick math.

For those who are interested in a short play:

KEYP is trading at or over over 70% of its 52-week high. (High: $5.75: Price: $4.88)  That might be the best short for those bearish on this whole list.

KEYP, BEST, EVK, HOLI, HRBN, NIVS, SVA, THTI, WWIN, YTEC are all trading at  or aabove 60% of the 52-week high.

Obviously my point is that if you beleive these will all go to 0, as a % from their 52 week high these higher price to 52 week high ratio stocks have the best R/R for shorts. (And, risk of a more painful bounce or squeeze is lower as it is probably unlikely the higher ratio stocks will hit new highs (meaning moves of 30%-40% (apx) against the short), whereas a stock already down 93% could realistically double (giving the short a 100% paper loss) even if the real dollar loss may remain relatively low).

Happy trading! (data may be inaccurate, not a solicitation, post is just opinion of poster and he actually advises you not to listen to him at all trade at your own risk do your own DD, IANAL, IME you will probably do better than me, I think too fast, my excel skills are very mediocre, my judgement is flawed, I take drugs recreationally in addition to those taken by doctors advice do not take my advice in fact ignore everything said above this paragraph it would be best indeed if you close this thread and go make love to a consenting adult)

Sat, 06/25/2011 - 13:26 | 1401175 Palladin
Palladin's picture

A visit to our friends at Google Docs solved the formatting problem.

Here's a link to the information on Chinese Reverse Merger stocks.

in HTML format:

https://spreadsheets.google.com/spreadsheet/pub?hl=en_US&hl=en_US&key=0A...

 

In Excel Spreadsheet format:

https://spreadsheets.google.com/spreadsheet/pub?hl=en_US&hl=en_US&key=0A...

 

.

Fri, 06/24/2011 - 14:39 | 1399317 YesWeKahn
YesWeKahn's picture

Ther are few not listed in major exchanges. They are traded in the pennies.

Sat, 06/25/2011 - 04:38 | 1400755 bakken
bakken's picture

In  OIL & GAS Journal:  Just saw this.  This would have been one entity I would have thought might be straight!

It is actually old news, but this was posted today in the Journal:

 

Puda Coal Received Notice from NYSE Amex of a Failure to Satisfy Certain Continued Listing Standards

PR Newswire

TAIYUAN, Shanxi Province, China, June 24, 2011 /PRNewswire-Asia-FirstCall/ -- On June 20, 2011, Puda Coal, Inc. (NYSE Amex: PUDA) (the "Company") received a notice from NYSE Amex LLC (the "Exchange") informing the Company that it failed to satisfy the Exchange's continued listing standards by not timely filing its Form 10-Q for the quarter ended March 31, 2011, specifically Sections 134 and 1101 of the NYSE Amex Company Guide (the "Company Guide") and the Company's listing agreement with the Exchange.  In order to maintain its listing, the Company must submit a plan of compliance by July 5, 2011 to demonstrate its ability to regain compliance with the applicable continued listing standards by no later than September 20, 2011.  In addition, the Exchange has requested that the Company provide a comprehensive update regarding the Audit Committee's investigation into certain previously-reported allegations regarding Mr. Ming Zhao, the Chairman and controlling stockholder of the Company.  If the plan is accepted, the Company will remain listed during the plan period, during which time it will be subject to periodic review to determine whether it is making progress consistent with the plan.  According to the letter, if the Company does not submit a plan of compliance, or submit a plan that is not accepted, it will be subject to delisting proceedings.  Furthermore, if the plan is accepted but the Company is not in compliance with the continued listing standards by September 20, 2011, or does not make progress consistent with the plan during the plan period, the Exchange staff will initiate delisting proceedings as appropriate.  The Company may appeal a staff determination to initiate delisting proceedings.

The Company is currently considering its responses to the Exchange.  Trading in the Company's stock has been halted by the Exchange since April 11, 2011.

Sat, 07/09/2011 - 02:29 | 1439230 fellatio is not...
fellatio is not fattening's picture

I know the Reverse Merger issue is a bit old, however I came across this post on Seeking Alpha and did what research I am able (not too extensive) and if correct this may very well be a buy:

 

Kingold Jewelry (KGJI): A Chinese jeweler that has been caught up in the negative reverse merger news. However, I’ve only seen one piece of evidence that groups Kingold Jewelry with potential trouble. There is a good chance that the stock has sold off for reasons not specific to the company. I’ve just come across the name, so I welcome any information from investors who have followed the stock more closely. The stock went public in the U.S. in August last year and has dropped from $8 to below $2. If it is legit, it’s trading at only three times earnings and nearly 20% below its stated cash and inventory with no debt.

CEO Hong Jia Zhi is attempting to soothe investor concerns by making a large purchase of company stock. From June 8 through July 6, he bought 200,000 shares between $1.43 and $1.78. The company also issued an open letter to shareholders in early May. It’s inevitable that some legitimate Chinese RTO companies are not risky. If you haven’t been completely scared away from the space, you might be interested in doing some extensive research on this one

 

 

 

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