Venture Capital
Chinese online game developer Giant Interactive Group is planing a reverse merger with a Shenzhen-listed company to complete a re-listing fifteen months after it was taken private by the company's chairman and a group of private equity firms. In July, a buyer consortium including Giant Interactive's chairman Shi Yuzhu, Baring Private Equity Asia, Hony Capital and CDH Investments, took the then New York Stock Exchange-listed company private at an approximately US$3 billion valuation. There is, however, greater uncertainty in seeking a back-door listing in China. Last month, Focus Media had to terminated its merger plans with Shenzhen-listed Jiangsu Hongda New...