Benzinga's Microcap Movers for Monday October 15, 2012

Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:

Shares of China Shengda Packaging Group

, the China-based paper packaging company, rose 21.98% Monday on 25 times average volume. China Shengda Packaging Group announced Monday that that its Board of Directors has received a preliminary, non-binding proposal from its Chairman, Mr. Nengbin Fang, in which Mr. Fang has offered to acquire all of the outstanding shares of the Company's common stock he and his family currently do not own in a going-private transaction at a proposed price of $1.40 per share to be paid in cash. According to the Proposal, Mr. Fang intends to fund the acquisition with a combination of debt and equity financing. Currently, Mr. Fang and his family collectively beneficially own approximately 54.03% of the Company's common stock. The Company's Board of Directors has established a special committee (the "Special Committee") to consider this Proposal and any additional proposals that may be made by Mr. Fang and his affiliates, if any. China Shengda Packaging Group closed at $1.11 on Monday.

American Lorain Corporation

, the China-based processed snack foods, convenience foods, and frozen foods company, rose 11.66% Monday on 8.5 times average volume. American Lorain Corporation announced Monday that its Board of Directors has received a preliminary, non-binding proposal letter dated October 9, 2012 from Mr. Si Chen, Chairman, CEO and President of the Company, to acquire all of the outstanding ordinary shares of the Company not currently owned by Mr. Chen at a proposed price of $1.60 per ordinary share, in cash, subject to certain conditions. Mr. Chen currently beneficially owns, in the aggregate, approximately 46.5% of the Company's outstanding ordinary shares. The Company's board of directors has formed an independent committee to consider the proposal. American Lorain Corporation closed at $1.39 on Monday.

Shares of GeoGlobal Resources

, the Calgary, Canada oil and gas exploration company, rose 15.74% Monday on 2.5 times average volume. GeoGlobal Resources were halted on a circuit breaker Monday, following a spike in the share price to almost $0.22. There was no news to account for the move. GeoGlobal Resources closed at $0.14 on Monday.