Well it looks like the Chinese have arrived !! The question is how much do they want.
A very quick Google shows this is run by the founder and they have big pockets. Also they are into mining.
http://www.forbes.com/profile/yong-yu/
http://morningwhistle.21cbh.com/html/2012/IPOs_Offerings_0514/212214.html
Note this is only a quick look and Im assuming this is the same company. If it is I dont think they are finished imo..