Nov. 10, 2011
New York Global Group, Inc
., a leading
focused private equity and corporate advisory firm congratulates
& Security Group, Inc. (NASDAQ: CFSG) on its successful
merger acquisition at
per share led by
, a global private equity firm.
& Security Group, Inc. became a U.S. listed public company via a
in 2006 at
per share. The
acquisition price represents a 227% gain for
& Security Group's initial U.S. investors.
Recently another NASDAQ listed China based company,
Harbin Electric, Inc.
, (NASDAQ: HRBN) was acquired for
per share, representing a 1200% gain for
's initial U.S. investors since it became a public company through a reverse merger.
James N. Baxter
, Esq., Chairman of New York Global Group commented: "Like our portfolio company Harbin Electric, China Fire & Security's successful merger acquisition and its extraordinary investment returns to investors again reinforces New York Global Group's belief that well managed China based companies represent a tremendous value proposition for U.S. investors."
Mr. Baxter continued: "As an increasing number of China based companies voluntarily delist from U.S. stock exchanges for more friendly listing venues in
, we are concerned that the U.S. capital market is losing competitiveness in attracting global companies."
New York Global Group wishes
& Security Group continued success in its potential re-listing on the
or China stock exchanges at likely higher valuations in future.
& Security Group, Inc.
& Security Group, Inc. (NASDAQ: CFSG) is a solution provider of industrial fire protection systems in
. The Company owns a comprehensive portfolio of patents and a solid client base including major companies throughout China.
About New York Global Group: