If leather isn’t working for you and neither is blockchain, then what do you do next?
Power semiconductors seems to be the answer, at least if your name is China International Development Corp. Ltd. (0264.HK), which on Friday announced a sort of “Mouse that Roared”-type deal by saying it plans to acquire a company much larger than itself. It doesn’t take much detective work to figure out the deal, if completed, would represent a backdoor IPO by Lonten Semiconductor Co. Ltd., a maker of power semiconductors based in Xi’an, capital of Northwest China’s Shaanxi province.