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What: Shares of China-centric meat and food processor Zhongpin
So what: After about a month of investor gloom, Zhongpin announced a strategic partnership with China Construction Bank. About $1.5 billion of fresh capital will help Zhongpin expand in coming years.
Now what: This is a tremendously popular watchlist stock and a respected ticker in our CAPS system. China's food products industry has had its share of tribulations over the last year, depressing Zhongpin's share price even though the company had little to do with the "clenbuterol pork scandal." If you bought shares after the follow-on stock offering last month, congratulations -- with a large financial facility at its side, further dilution looks unlikely.
Interested in more info on Zhongpin? Add it to your watchlist.