Think reverse mergers are dead? Middle market Chinese companies seem to have revived the practice. Many have recently consummated such deals with bulletin board-listed companies in the US. Reverse mergers accounted for 19 percent of all such deals by mid-2006 in China, up from 9 percent last year, by one account. Many of these deals are done with modest PIPE components. What these companies gain by being listed on the Nasdaq Bulletin Board is unclear to many, yet a chance for added liquidity and a shot at being recognized may make it worthwhile.

For more on reverse mergers:
- Here's an Investment Dealers' Digest article (For FierceFinance readers)