China Stocks to Watch; (CBAK), (HOGS), (SUWN)
China BAK Battery (NASDAQ: CBAK) Leads NASDAQ Top Gainers
Category: Investment, China
News about China BAK Battery, Inc.
New York, New York, Point Roberts, WA - November 26, 2012 (Investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research including China stocks, issues a sector snapshot on three China stocks making headlines today.
China BAK Battery, Inc. (NASDAQ: CBAK) is the top percentage gainer on NASDAQ today, currently trading at $ 3.0215, gaining $1.30 or 75.67% .China BAK Battery, Inc. (NASDAQ: CBAK) is a leading global manufacturer of lithium-based battery cells. The Company produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, smartphones, notebook computers, e-bikes, electric vehicles, power tools, uninterruptible power supplies, and portable consumer electronics such as portable media players, portable gaming devices, personal digital assistants, or PDAs, camcorders, digital cameras, and Bluetooth headsets.
Sunwin Stevia International, Inc. (OTCQB: SUWN ), one of the top global providers of high quality stevia extracts, announced today that it has begun to market six of its proprietary formulations developed in conjunction with WILD Flavors, Inc. to food manufacturers in China.
The six formulations are designed to use stevia grades ranging from Reb-A60 to Reb-A80 for table top products as well as blends to be used in baking. The use of these grades of stevia can enable the development of less costly alternatives for food manufacturers seeking to provide stevia based products in the China marketplace. Sunwin intends to market these formulations to various food manufacturers to develop licensed "private label" products made with Sunwin Stevia. Sunwin believes that this strategy will help it expand its domestic distribution base in China as the use of stevia becomes more prevalent domestically and abroad.
Zhongpin, Inc. (NasdaqGS: HOGS) also made the top five gainers list today, currently trading at $ $12.55, up $1.69 or 15.56% .The Company reported news of a merger agreement for a "Going Private" transaction. The Company announced a definitive agreement and plan of merger with Golden Bridge Holdings Limited, a Cayman Islands exempted company, Golden Bridge Merger Sub Limited, a Delaware corporation and wholly owned subsidiary of Parent and Mr. Xianfu Zhu, the Company's Chairman and Chief Executive Officer.
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