Fuxing China announced its plans on 22 Dec (after market close) to acquire three companies, viz Fulong Zipper (“FZ”), Jianxin Weaving (“JW”) and Fuxin Electroplating (“FE”) for a total cash consideration of RMB372m. Both analysts (DMG and NRA) who covered Fuxing viewed this acquisition positively. Nevertheless, with reference to Table 1 below, it is apparent that the share price fails to perform. Table 1: Fuxing’s share price performance post the announcement Date Closing Price Change in Price Remarks 22 Dec 10 $0.170 No change Announcement was made after market closed on 22 Dec. 23 Dec 10 $0.175 +$0.005 24 Dec […]