Sorl Auto Parts (SORL) Misses Q3 EPS by 9c; Trims FY15 Outlook

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As China firms walk out on Wall St., spurned investors demand payback

November 15, 2015 4:14 PM EST

By Elzio Barreto

HONG KONG (Reuters) - Chinese firms listed in New York are finding out the hard way that it's easier to love global investors than leave them.

As dozens plan buyouts and a return home in search of higher valuations, companies that were once Wall Street's darlings for the first time face the wrath of minority shareholders. Asset managers are publicly demanding better premiums, reflecting historical valuations and not 2015's slide.

In deals collectively worth $40 billion, some 33 mainland China companies have unveiled plans this year to be taken private and delisted from the Unites... More