Deals
China Buyouts Exceeding $23 Billion Leave Investors Unfulfilled
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China’s largest online matchmaking site has surged 60 percent since its founder offered to take it private. Shareholder Peter Halesworth feels entitled to more.
Haiyan Gong, formerly co-chairwoman of Jiayuan.com International Ltd., wants to take advantage of China’s hot equity market by moving the stock out of New York to an exchange there. While she’s raised her bid to $7.20 from $5.37 per American depositary receipt, that’s still far short of the $11 listing price in 2011. Halesworth, the founder of Heng Ren Investments, which invests in Chinese companies, said the offer shortchanges shareholders by at least 63 percent.