Chinese meat/food processor Zhongpin (HOGS +29.2%) soars to $11.90 after its chairman/CEO offers...

|About: Zhongpin Inc. (HOGS)|By:, SA News Editor

Chinese meat/food processor Zhongpin (HOGS +29.2%) soars to $11.90 after its chairman/CEO offers to take the company private a price of $13.50/share. The offer represents the latest attempt by one or more insiders at a Chinese firm with U.S. ADRs to buy back part or all of their company (I, II), after seeing U.S. investors worried about the company's accounting grant it a low valuation.