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Chinese online auto dealer China Auto Logistics (CALI +79.3%) nearly doubles in active trading...

Chinese online auto dealer China Auto Logistics (CALI +79.3%) nearly doubles in active trading following a $5.25M secondary placement at +38% above market price. "Our shares are significantly undervalued," CEO Tong Shiping says, "mainly because of the prevailing negativity temporarily affecting all Chinese company shares in the U.S."
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