Friday, August 10, 2012

Some Gushan Environmental Energy Limited

I picked up a few shares of Gushan Environmental Energy Limited (Ticker: GU) today at $1.50. This is one of those Chinese going private plays. The company is being taken private for $1.57 ($1.62 - 0.05 ADR fee = $1.57), which equates to a 4.67% return (~32% annualized return assuming a closing at the end of September). The company has been timely with all of the required SEC filings and today issued a proxy statement in which the shareholders will vote on the merger on September 20th. This deal should close promptly after the vote (the company is guiding for a Q3 close).


Post a Comment

<< Home