Chinese ADSs Ramp Amid 'Going Private' Frenzy

Today it was Bona Film (NASDAQ: BONA), yesterday it was Home Inns & Hotels (NASDAQ: HMIN)... recently, not a day goes by that a U.S.-traded Chinese company isn't announcing a management-led "going private" offer. Some believe this is a move for Chinese companies to relist as China A shares at much higher multiples. Others view this as way for Chinese companies to avoid scrutiny by short-sellers and regulators in the U.S.

Needless to say, traders are all over the Chinese-ADSs that have yet to receive a management-led "going private" offer.

Some stocks that fit the bill and are getting attention, or are on radars:

• 51job Inc. (NASDAQ: JOBS)
• Concord Medical Services Holding Limited (NYSE: CCM)
• China Jo-Jo Drugstores (NASDAQ: CJJD)
• iDreamSky (NASDAQ: DSKY)
• China Lodging Group, Limited (NASDAQ: HTHT)
• E-Commerce China Dangdang Inc. (NYSE: DANG)
• Kandi Technologies Group (NASDAQ: KNDI)
• Kongzhong Corp. (NASDAQ: KZ)
• Leju Holdings (NYSE: LEJU)
• Mecox Lane Limited (NASDAQ: MCOX)
• New Oriental Education (NYSE: EDU)
• Phoenix New Media Limited (NASDAQ: FENG)
• Qihoo 360 (NYSE: QIHU)
• Sky-mobi Limited (NASDAQ: MOBI)
• SouFun Holdings (NYSE: SFUN)
• NQ Mobile (NYSE: NQ)
• Xunlei (NASDAQ: XNET)
• Tarena International, Inc. (NASDAQ: TEDU)
• Zhaopin (NYSE: ZPIN)

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