China Mass Media transaction completed

The going private transaction of China Mass Media went without any problems. The merger was approved on October 31 and the payment for my shares should follow soon. The absolute return on this position is just 4%, but since it was completed after just ~1.5 months the annualized return is roughly 35% (depends a bit on when I’m paid). That’s pretty solid.

Hopefully we will see a similar fast deal completion with my other Chinese going private position (China Nuokang Bio-Pharmaceutical) that is scheduled to be completed in Q1 2013.

Disclosure

Long CMMCY and NKBP

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