Global-Tech Advanced Innovations Inc. (NASDAQ: GAI) was perhaps the biggest mover in the market Monday morning. Shares were up over 100% on news of a “going private” offer. It is worth noting that this is just one of many such offers for companies that work out of China. E-Commerce China Dangdang Inc. (NYSE: DANG) is one example.

As a reminder, Chinese stocks have been getting “go private” offers from management, and of course there has been that 30% market tank in China to consider.

For some background: Global-Tech is a holding company, owning subsidiaries that manufacture and market electronic components and other related products, such as complementary metal oxide semiconductor camera modules. The primary focus of its subsidiaries is to develop and market high-quality products for the communications industry in China and export such products to markets in other countries throughout the world.

The company announced that its board of directors received an unsolicited preliminary non-binding proposal letter from John Sham, president and CEO of the company, and certain of his controlled or affiliated entities, proposing a potential offer to acquire all the outstanding common shares of Global-Tech not already owned by the acquirer for $8.75 in cash per share.

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According to the proposal letter, Sham plans to form an acquisition company for this offer, and he intends to then finance the offer through a combination of cash and debt.

However, the board cautions shareholders and others considering trading in its securities, since the board has just received the unsolicited preliminary non-binding proposal letter from this acquirer and no decisions have been made with respect to the Global-Tech’s response to the proposal. Furthermore, the board noted that there can be no assurance that any definitive offer will be made, or that if an offer is received, that such an offer or any other transaction will be approved or consummated.

Shares of Global-Tech were up more than 150% to $7.52 at one point Monday morning, but had retreated to $6.26 by early afternoon. The stock has a 52-week trading range of $2.75 to $8.80.

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