'Time ripe' for China firms to go private

The depressed valuations at which some Chinese companies are trading on stock markets in the United States may prompt their controlling shareholders to take the companies private, a top China banker says.

"Given depressed valuation levels and an environment with abundant liquidity, we expect privatisation activity by Chinese companies, especially in the US market, to remain robust in the foreseeable future," said Brian Gu, head of corporate finance for China at Wall Street investment bank JPMorgan.

via Business feed http://www.scmp.com/business/banking-finance/article/1072020/time-ripe-china-firms-go-private