Wuhan General Group(OOTC:WUHN) engages in the design, development, manufacture, and sale of industrial blowers for steam-driven electrical power generation plants in China. The stock is trading much less than its last tangible book of value of $3.10, taken from its most recent financial filing (10K 2012).
The company had been the source of a third party pump campaign earlier this year. Regardless, we noticed some 13D activity by Liangren Yao that may indicate the company may be a going private candidate. Liangren Yao filed a 13D on 11/21/2013 disclosing a 5.5% stake. On 3/28/2014 Mr. Yao increased his stake and now owns around 11% of the company. Combined insider ownership of WUHN, including Liangren Yao, is close to 72%. The company has not reported financial filings to the SEC or OTCmarkets.com since April 2013, so our TBV calculation is imprecise.
Furthermore, Sino Gas Intl (OOTC:SGAS) just announced a going private transaction last week orchestrated by it Chairman Yuchuan Liu. Coincidentally , Liangren Yao owned 7.1% of SGAS at the time of the going private announcement.