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

|About: China Auto Logistics Inc. (CALI)|By:, SA News Editor

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."