Most Chinese Stock Experts in the U.S. believes Chinese companies have "gone dark"--withdrawn from U.S. exchanges and stopping filing with the Securities and Exchange Commission--to intentionally depress their stock prices and enable the companies to go private at lowball levels. Many shareholder are the victims of China-based companies that IPO in the US but then “go dark” by parting ways with their accountants or simply refusing to file financial reports.
As a result, shares of the company tank and shareholders lose. In some instances, the companies buy up the shares at severely reduced prices and go private. Others, just go dark and change the name of their companies and take the entire assets of the public company's assets under the new name! Thus, they have stolen the company when they gone dark and rename the company!