Turmoil has little impact on US-listed companies

Some Chinese companies listed on the US stock exchanges have not lost their appetite for going private despite the continuing turmoil in China's stock market.

China's Xueda Education Group on Monday said it would buy shares it doesn't already own at $5.50 per American depositary share, higher than the buyout group's earlier offer of $3.38 per ADS. Xueda will delist from the New York Stock Exchange and plans to become a listed company in Shenzhen by the end of the year.

Before China's stock market started slumping in June, several US-listed Chinese firms were either mulling or preparing to go back to the domestic equity market through privatization to take advantage of soaring valuations in the mainland. Earlier this month, Chinese video streaming website operator YY Inc and online retailer China Dangdang Inc said they had received buyout proposals.