This report will cover the major developments since my September article (China XD Plastics Midyear Update And No News is Good News Regarding the Unfair Buyout Offer).
MSPEA has been a strategic investor in the company since 2011. Jie Han (CXDC's founder, chairman and CEO) and Morgan Stanley Private Equity Asia (MSPEA). China XD Plastics (NASDAQ:CXDC) reported satisfactory 2017 results and operating progress which have been largely ignored by investors due to concerns over the fourteen-month old preliminary non-binding buyout offer (link) from Mr.