On December 8, 2011, Goodwin Procter, Jun He Law Offices, CBLA and China General Chamber of Commerce -USA co-hosted a seminar on the topic of U.S.-listed Chinese companies going private in the U.S. and seeking re-listing in China. In light of the challenges many U.S.-listed Chinese companies face under the current regulatory, accounting and capital markets environment in the United States, and the open-up of Chinese A-share stock markets to privately-owned growth companies, an increasing number of Chinese companies are considering a new option: going private in the U.S. and re-listing in China. Going private is a complex process that involves many business, legal and valuation issues. If not handled with care, it may invite litigations and SEC probes. Re-listing in China also involves problems that require cutting-edge business and legal solutions. We put together an expert panel consisting of senior investment bankers, lawyers and accountants with deep and real case experience in this area to discuss the topic with the audience.
There were two panels at the seminar. Panel I, “Going Private and Delisting in the U.S.,” features Christopher Croft (Managing Director and Co-Head of Fairness Opinion Group at Houlihan Lokey), Stephen Davis (Partner at Goodwin Procter), Dennis Galgano (Vice Chairman, Head of International Investment Banking at Morgan Joseph TriArtisan LLC), and Anthony Tomaro (CPA and Managing Director of audit at UHY Advisors NY, Inc.). The panel was moderated by Catherine Pan of Goodwin Procter, who is also a co-founder and director of CBLA. Panel II, "Re-listing in China," features John Du (Partner at Jun He Law Offices), Catherine Pan (Attorney at Goodwin Procter), and Xudong Tao (Partner at Jun He Law Offices). The panel was moderated by Alex Hao, Partner at Jun He Law Offices.
About 200 guests attended the event.