Liang Jian speaks up for minority shareholders as he tries to block Chinese companies from buying back all of their US-listed shares on the cheap
Wed, Apr 27, 2016 - 5:50 AM
Last July, top executives at E-Commerce China Dangdang Inc made the lowest offer by any Chinese company seeking to pull its shares off the US market since 2003. Mr Liang has put together a competing acquisition bid that, at a valuation of US$468 million, is 13 per cent higher than management's offer.
ACTIVIST investing isn't a thing in China. It's culturally frowned upon to be that confrontational. Liang Jian, a journalist-turned-hedge-fund manager, is on a mission to change that.
Not that Mr Liang, or Nick as he's known in international circles, would ever be confused...