Abax Global Seeks Chinese Companies Abandoning U.S. Listings

Abax Global Capital, a Morgan Stanley-backed manager of $900 million of hedge and private equity funds, is seeking to profit from Chinese companies abandoning U.S. listings for higher valuations in Hong Kong.

Abax has invested in companies including Harbin Electric Inc. and Fushi Copperweld Inc., which are seeking delisting from the U.S. in leveraged management buyouts and may go public in Hong Kong later, Donald Yang, Abax’s Hong Kong-based managing partner, said in an interview yesterday.