I donot think the PRC will approve a buyout by PE of a company that will soon command 30-40% of her bromine production. Neither will Ming Yang and his family knowing where this company will be in a few years.
It's very likely that with a P/E of 2 and less Company was approached by private equity firms for take-private offers in the past several months. However the fact they they solicited months ago and recently published verification of their production status by several local and provincial agencies in an effort to support the stock price is an indication to me that they may not be interested in any such offers. Very much like CCCL's BOD who officially rejected yesterday a request of going-private by large shareholders. Here is an interesting discussion on IHub on the issue: