International Bar Association Quotes Gregory Puff on Chinese Take-Private Deals

Akin Gump Asia practice head Gregory Puff was quoted by the International Bar Association for its article “China: Asia’s emerging superpower is going private.”

On the topic of the motivation behind the upswing in take-private transactions, Puff notes, “The chairman’s view may be that the company is not getting the market valuation that it should be, and they might be concerned about potential litigation in the U.S. and the high cost of listing in the U.S. The expectation might be that the company is better off on a different market or as a private company.”

Regarding the projected lifespan of the public-to-private boom, Puff said, “There are still about 250 Chinese companies that are listed in the U.S., and any of these may look for a potential exit. It will come to an end at some point, but whether that is in a year or five years, it is hard to say.”