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CNIT : 2.64
http://finance.yahoo.com/news/chinas-crash-affects-stocks-trying-195506036.html
According to the spreads, the market is even more skeptical of the completion of other announced deals to take Chinese companies private, including deals for China Information Technology, Inc. - Ordinary Shares (NASDAQ: CNIT) (73 percent spread), Vimicro International Corporation (ADR) (NASDAQ: VIMC) (50.2 percent spread), iDreamSky Technology Ltd (ADR) (NASDAQ: DSKY) (41.7 percent spread) and 21Vianet Group Inc (NASDAQ: VNET) (40.3 percent spread).
China Information Technology, Inc. June 22, 2015 6:00 AM
SHENZHEN, China, June 22, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that its Board of Directors (the "Board") has received a preliminary, non-binding proposal letter, dated June 19, 2015, from Mr. Jianghuai Lin ("Mr. Lin"), Chairman and Chief Executive Officer of the Company, Mr. Zhiqiang Zhao ("Mr. Zhao"), Director and Chief Operating Officer of the Company, Mr. Junping Sun ("Mr. Sun"), Senior Vice President of the Company and Mr. Jinzhu Cai ("Mr. Cai"), an individual investor (together with Mr. Lin, Mr. Zhao and Mr. Sun, the "Buyer Group"), proposing a "going-private" transaction (the "Transaction") to acquire all of the outstanding ordinary shares of the Company not already owned by the Buyer Group at a proposed price of US$4.43 per ordinary share in cash, which represents approximately a 30.0% premium above the average closing price of the Company's ordinary shares over the last 15 trading days up to and including June 18, 2015.
SHENZHEN, China, July 2, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today updates investors on its progress of selling its manufacturing facility in Shenzhen.
As previously announced in November 2014, the Company signed a Letter of Intent (LOI) with an unrelated party ("the Buyer") to sell the Company's manufacturing facility including the land use rights, which is located in the Fuyong Industrial Park for RMB 375.0 million (approximately US$60.48 million). By the end of February 2015, the Company has collected RMB 100.0 million (approximately US$16.13 million) of non-refundable down payment. By the end of April 2015, the Company has transferred all risks and responsibilities of managing and maintaining the property to the Buyer.
On June 29, 2015, the Company collected an additional RMB 15 million (approximately US$2.42 million) of payment from the Buyer and used such proceeds to pay back some of its maturing bank loans. On June 30, 2015, the Company entered into a land transfer contract with the Buyer under which the Buyer agreed to pay the remaining purchase price of RMB 260 million (approximately US$41.94 million) to CNIT before the end of July 2015.
As previously announced, the Company plans to use the proceeds from this transaction for bank loan repayment, working capital, and share repurchase programs.
Mr. Jiang Huai Lin, Chairman and CEO of CNIT, commented, "With the cash infusion from this transaction, we believe we will be able to further accelerate our business execution, reduce our interest expenses, and generate more shareholder value."
WSHLY
It's time for a new private offer.
If he gives $0.10 a share (previous offer was $ 3.20) it will cost him less than $500.000 and that's nothing for him.
Shares Outstanding: 20.44M
Float: 4.96M
shareholders:
CEO Longhua Piao holds a (majority) 50.9% of the O/S, or 10.4 million shares.
UMW Holdings maintains a 4.6 million share position in wshly, which is 22.5% of the O/S.
Mr. Longhua Piao is Chairman & Chief Executive Officer at WSP Holdings Ltd., Chief Executive Officer & Director at WSP China, and a Director at Eastar Industries, Inc.
He is on the Board of Directors at WSP China, Expert Master Holdings Ltd., Lianyungang Eastar Photonics Technologies Co., Ltd., Regalia Holdings & Investments Public Ltd., WSP Canada Ltd., Wuxi Huayi Investment Co. Ltd., Wuxi Longhua Steel Pipes Co. Ltd., WSP Pipe LLC, and WS Mining Industry Holding Ltd.
The 400 Richest Chinese
#260 Piao Longhua
Net Worth: $250 million
Age: 50 Company: WSP Holdings
Industry: Manufacturing
City: Wuxi
WSHLY
It's time for a new private offer.
If he gives $0.10 a share (previous offer was $ 3.20) it will cost him less than $500.000 and that's nothing for him.
Shares Outstanding: 20.44M
Float: 4.96M
shareholders:
CEO Longhua Piao holds a (majority) 50.9% of the O/S, or 10.4 million shares.
UMW Holdings maintains a 4.6 million share position in wshly, which is 22.5% of the O/S.
Mr. Longhua Piao is Chairman & Chief Executive Officer at WSP Holdings Ltd., Chief Executive Officer & Director at WSP China, and a Director at Eastar Industries, Inc.
He is on the Board of Directors at WSP China, Expert Master Holdings Ltd., Lianyungang Eastar Photonics Technologies Co., Ltd., Regalia Holdings & Investments Public Ltd., WSP Canada Ltd., Wuxi Huayi Investment Co. Ltd., Wuxi Longhua Steel Pipes Co. Ltd., WSP Pipe LLC, and WS Mining Industry Holding Ltd.
The 400 Richest Chinese
#260 Piao Longhua
Net Worth: $250 million
Age: 50 Company: WSP Holdings
Industry: Manufacturing
City: Wuxi
UNXL All time low
52wk Range: 1.65 - 9.30
2 year Range: 1.65 - 37.44
Shares Outstanding: 14.23M
Float: 12.25M
Short % of Float (as of Jun 15, 2015): 21.90%
Uni-Pixel, Inc., a pre-production stage company, engages in developing performance engineered film (PEF) products for the display, touch screen, and flexible electronics market segments in the United States. The company develops transparent conductive and flexible electronic films under the Copperhead brand; touch screen films under the brand InTouch, as sub-components of a touch sensor module; and hard coat resin and optical films under the Diamond Guard brand. It focuses on serving OEMs. Uni-Pixel, Inc. is headquartered in The Woodlands, Texas.
Total Cash (mrq): 23.66M
Total Cash Per Share (mrq): 1.92
Total Debt (mrq): 0.00
We expect operating expenses to total less than $4 million per quarter by the fourth quarter and to exit the year with gross margins greater than 20%. We anticipate further gross margin improvements in the first half of 2016, leading to profitability for the full year."
XSense Update As announced in late April, UniPixel acquired the assets and operations of Atmel Corporation's XSense touch sensors group. XSense's roll-to-roll, photolithographic manufacturing process of touch sensors has several performance advantages over other touch sensor technologies.
One advantage is superior touch sensor mesh capability. The XSense photolithographic manufacturing process achieves less than four-micron mesh grid lines and allows unique patented mesh pattern designs other than the traditional diamond pattern. The XSense technology virtually eliminates pattern visibility and moiré issues on super-high resolution displays. XSense's unique sensor design also improves touch performance that allows the use of a passive stylus and eliminates Ghost Touch artifacts on less than 0.4 millimeter thick cover glass. The result is a competitive performance advantage over other metal mesh technology.
Another advantage of XSense technology is the signal line routing and pitch between signal lines. This allows for device bezel width less than 2 millimeters.
The performance advantages of XSense allow UniPixel to immediately address the mobile phone market and the entire tablet market, which represent the largest segments of the touch market.
"Although Atmel was successful in marketing XSense's technology advantages, we believe that high manufacturing costs related to catalytic coated film supplied by a third party prevented competitive pricing," noted Hawthorne. "We are currently transferring the existing third party catalytic coated film process to the XSense Colorado Springs facility to bring the supplier's catalytic coating film production process in-house. We expect to complete this modification within six months, and for it to significantly lower production costs and increase manufacturing capacity by the fourth quarter. The current manufacturing capacity at the Colorado Springs XSense facility is capable of supporting forecasted production requirements through early 2016.
"We will then work to further lower the production costs of XSense through the application and integration of UniPixel's existing manufacturing and material science technology, leveraging our development work and investment over the past few years. This includes electroless plating process improvements and changes to the catalytic film coating, both of which are expected to increase throughput and overall factory capacity."
UniPixel also plans to apply its Diamond Guard hard coat technology to the XSense manufacturing process, which is expected to reduce materials costs by decreasing the need for protective film liners in the manufacturing and shipping process.
Diamond Guard Update UniPixel continues to advance towards commercialization of its Diamond Guard hard-coat resin solutions. The company is working with two film coating companies to market the coated film. As a PET film coating solution, Diamond Guard can be applied to numerous types of flat surfaces, while three-dimensional surfaces, such as mobile phone cases, lenses and key pads, can be coated using a spray process.
UNXL All time low
52wk Range: 1.65 - 9.30
2 year Range: 1.65 - 37.44
Shares Outstanding: 14.23M
Float: 12.25M
Short % of Float (as of Jun 15, 2015): 21.90%
Uni-Pixel, Inc., a pre-production stage company, engages in developing performance engineered film (PEF) products for the display, touch screen, and flexible electronics market segments in the United States. The company develops transparent conductive and flexible electronic films under the Copperhead brand; touch screen films under the brand InTouch, as sub-components of a touch sensor module; and hard coat resin and optical films under the Diamond Guard brand. It focuses on serving OEMs. Uni-Pixel, Inc. is headquartered in The Woodlands, Texas.
Total Cash (mrq): 23.66M
Total Cash Per Share (mrq): 1.92
Total Debt (mrq): 0.00
We expect operating expenses to total less than $4 million per quarter by the fourth quarter and to exit the year with gross margins greater than 20%. We anticipate further gross margin improvements in the first half of 2016, leading to profitability for the full year."
XSense Update As announced in late April, UniPixel acquired the assets and operations of Atmel Corporation's XSense touch sensors group. XSense's roll-to-roll, photolithographic manufacturing process of touch sensors has several performance advantages over other touch sensor technologies.
One advantage is superior touch sensor mesh capability. The XSense photolithographic manufacturing process achieves less than four-micron mesh grid lines and allows unique patented mesh pattern designs other than the traditional diamond pattern. The XSense technology virtually eliminates pattern visibility and moiré issues on super-high resolution displays. XSense's unique sensor design also improves touch performance that allows the use of a passive stylus and eliminates Ghost Touch artifacts on less than 0.4 millimeter thick cover glass. The result is a competitive performance advantage over other metal mesh technology.
Another advantage of XSense technology is the signal line routing and pitch between signal lines. This allows for device bezel width less than 2 millimeters.
The performance advantages of XSense allow UniPixel to immediately address the mobile phone market and the entire tablet market, which represent the largest segments of the touch market.
"Although Atmel was successful in marketing XSense's technology advantages, we believe that high manufacturing costs related to catalytic coated film supplied by a third party prevented competitive pricing," noted Hawthorne. "We are currently transferring the existing third party catalytic coated film process to the XSense Colorado Springs facility to bring the supplier's catalytic coating film production process in-house. We expect to complete this modification within six months, and for it to significantly lower production costs and increase manufacturing capacity by the fourth quarter. The current manufacturing capacity at the Colorado Springs XSense facility is capable of supporting forecasted production requirements through early 2016.
"We will then work to further lower the production costs of XSense through the application and integration of UniPixel's existing manufacturing and material science technology, leveraging our development work and investment over the past few years. This includes electroless plating process improvements and changes to the catalytic film coating, both of which are expected to increase throughput and overall factory capacity."
UniPixel also plans to apply its Diamond Guard hard coat technology to the XSense manufacturing process, which is expected to reduce materials costs by decreasing the need for protective film liners in the manufacturing and shipping process.
Diamond Guard Update UniPixel continues to advance towards commercialization of its Diamond Guard hard-coat resin solutions. The company is working with two film coating companies to market the coated film. As a PET film coating solution, Diamond Guard can be applied to numerous types of flat surfaces, while three-dimensional surfaces, such as mobile phone cases, lenses and key pads, can be coated using a spray process.
DRD DRDGOLD LTD 1.71 USD
Time for a strong rebound.
JSE: DRD Last trade: ZAR 224c +3 cents +1.36% = 1.82 USD
http://www.drd.co.za/
Jul 9, 2015 1.80
Jul 1, 2015 1.87
Jun 25, 2015 1.90
Jun 22, 2015 1.93
DRDGOLD Limited (DRDGOLD) is a high-margin, low-risk South African gold producer and a world leader in the recovery of the metal from the retreatment of surface tailings. DRDGOLD has a network of assets that is unrivalled in South Africa and, with its consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.
DRDGOLD provided jobs for 2 329 people, including 989 employees. The remaining 1 340 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. IN FY2014, the company produced 132 909oz of gold, generated R1 809.4 million in revenue and spent R158.6 million on capital projects. Attributable mineral resources of 37.04Moz and attributable mineral reserves of 1.5Moz were declared.
DRD DRDGOLD LTD 1.71 USD
Time for a strong rebound.
JSE: DRD Last trade: ZAR 224c +3 cents +1.36% = 1.82 USD
http://www.drd.co.za/
Jul 9, 2015 1.80
Jul 1, 2015 1.87
Jun 25, 2015 1.90
Jun 22, 2015 1.93
DRDGOLD Limited (DRDGOLD) is a high-margin, low-risk South African gold producer and a world leader in the recovery of the metal from the retreatment of surface tailings. DRDGOLD has a network of assets that is unrivalled in South Africa and, with its consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.
DRDGOLD provided jobs for 2 329 people, including 989 employees. The remaining 1 340 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. IN FY2014, the company produced 132 909oz of gold, generated R1 809.4 million in revenue and spent R158.6 million on capital projects. Attributable mineral resources of 37.04Moz and attributable mineral reserves of 1.5Moz were declared.
UNXL All time low
52wk Range: 1.65 - 9.30
2 year Range: 1.65 - 37.44
Shares Outstanding: 14.23M
Float: 12.25M
Short % of Float (as of Jun 15, 2015): 21.90%
Uni-Pixel, Inc., a pre-production stage company, engages in developing performance engineered film (PEF) products for the display, touch screen, and flexible electronics market segments in the United States. The company develops transparent conductive and flexible electronic films under the Copperhead brand; touch screen films under the brand InTouch, as sub-components of a touch sensor module; and hard coat resin and optical films under the Diamond Guard brand. It focuses on serving OEMs. Uni-Pixel, Inc. is headquartered in The Woodlands, Texas.
Total Cash (mrq): 23.66M
Total Cash Per Share (mrq): 1.92
Total Debt (mrq): 0.00
We expect operating expenses to total less than $4 million per quarter by the fourth quarter and to exit the year with gross margins greater than 20%. We anticipate further gross margin improvements in the first half of 2016, leading to profitability for the full year."
XSense Update As announced in late April, UniPixel acquired the assets and operations of Atmel Corporation's XSense touch sensors group. XSense's roll-to-roll, photolithographic manufacturing process of touch sensors has several performance advantages over other touch sensor technologies.
One advantage is superior touch sensor mesh capability. The XSense photolithographic manufacturing process achieves less than four-micron mesh grid lines and allows unique patented mesh pattern designs other than the traditional diamond pattern. The XSense technology virtually eliminates pattern visibility and moiré issues on super-high resolution displays. XSense's unique sensor design also improves touch performance that allows the use of a passive stylus and eliminates Ghost Touch artifacts on less than 0.4 millimeter thick cover glass. The result is a competitive performance advantage over other metal mesh technology.
Another advantage of XSense technology is the signal line routing and pitch between signal lines. This allows for device bezel width less than 2 millimeters.
The performance advantages of XSense allow UniPixel to immediately address the mobile phone market and the entire tablet market, which represent the largest segments of the touch market.
"Although Atmel was successful in marketing XSense's technology advantages, we believe that high manufacturing costs related to catalytic coated film supplied by a third party prevented competitive pricing," noted Hawthorne. "We are currently transferring the existing third party catalytic coated film process to the XSense Colorado Springs facility to bring the supplier's catalytic coating film production process in-house. We expect to complete this modification within six months, and for it to significantly lower production costs and increase manufacturing capacity by the fourth quarter. The current manufacturing capacity at the Colorado Springs XSense facility is capable of supporting forecasted production requirements through early 2016.
"We will then work to further lower the production costs of XSense through the application and integration of UniPixel's existing manufacturing and material science technology, leveraging our development work and investment over the past few years. This includes electroless plating process improvements and changes to the catalytic film coating, both of which are expected to increase throughput and overall factory capacity."
UniPixel also plans to apply its Diamond Guard hard coat technology to the XSense manufacturing process, which is expected to reduce materials costs by decreasing the need for protective film liners in the manufacturing and shipping process.
Diamond Guard Update UniPixel continues to advance towards commercialization of its Diamond Guard hard-coat resin solutions. The company is working with two film coating companies to market the coated film. As a PET film coating solution, Diamond Guard can be applied to numerous types of flat surfaces, while three-dimensional surfaces, such as mobile phone cases, lenses and key pads, can be coated using a spray process.
UNXL All time low
52wk Range: 1.65 - 9.30
2 year Range: 1.65 - 37.44
Shares Outstanding: 14.23M
Float: 12.25M
Short % of Float (as of Jun 15, 2015): 21.90%
Uni-Pixel, Inc., a pre-production stage company, engages in developing performance engineered film (PEF) products for the display, touch screen, and flexible electronics market segments in the United States. The company develops transparent conductive and flexible electronic films under the Copperhead brand; touch screen films under the brand InTouch, as sub-components of a touch sensor module; and hard coat resin and optical films under the Diamond Guard brand. It focuses on serving OEMs. Uni-Pixel, Inc. is headquartered in The Woodlands, Texas.
Total Cash (mrq): 23.66M
Total Cash Per Share (mrq): 1.92
Total Debt (mrq): 0.00
We expect operating expenses to total less than $4 million per quarter by the fourth quarter and to exit the year with gross margins greater than 20%. We anticipate further gross margin improvements in the first half of 2016, leading to profitability for the full year."
XSense Update As announced in late April, UniPixel acquired the assets and operations of Atmel Corporation's XSense touch sensors group. XSense's roll-to-roll, photolithographic manufacturing process of touch sensors has several performance advantages over other touch sensor technologies.
One advantage is superior touch sensor mesh capability. The XSense photolithographic manufacturing process achieves less than four-micron mesh grid lines and allows unique patented mesh pattern designs other than the traditional diamond pattern. The XSense technology virtually eliminates pattern visibility and moiré issues on super-high resolution displays. XSense's unique sensor design also improves touch performance that allows the use of a passive stylus and eliminates Ghost Touch artifacts on less than 0.4 millimeter thick cover glass. The result is a competitive performance advantage over other metal mesh technology.
Another advantage of XSense technology is the signal line routing and pitch between signal lines. This allows for device bezel width less than 2 millimeters.
The performance advantages of XSense allow UniPixel to immediately address the mobile phone market and the entire tablet market, which represent the largest segments of the touch market.
"Although Atmel was successful in marketing XSense's technology advantages, we believe that high manufacturing costs related to catalytic coated film supplied by a third party prevented competitive pricing," noted Hawthorne. "We are currently transferring the existing third party catalytic coated film process to the XSense Colorado Springs facility to bring the supplier's catalytic coating film production process in-house. We expect to complete this modification within six months, and for it to significantly lower production costs and increase manufacturing capacity by the fourth quarter. The current manufacturing capacity at the Colorado Springs XSense facility is capable of supporting forecasted production requirements through early 2016.
"We will then work to further lower the production costs of XSense through the application and integration of UniPixel's existing manufacturing and material science technology, leveraging our development work and investment over the past few years. This includes electroless plating process improvements and changes to the catalytic film coating, both of which are expected to increase throughput and overall factory capacity."
UniPixel also plans to apply its Diamond Guard hard coat technology to the XSense manufacturing process, which is expected to reduce materials costs by decreasing the need for protective film liners in the manufacturing and shipping process.
Diamond Guard Update UniPixel continues to advance towards commercialization of its Diamond Guard hard-coat resin solutions. The company is working with two film coating companies to market the coated film. As a PET film coating solution, Diamond Guard can be applied to numerous types of flat surfaces, while three-dimensional surfaces, such as mobile phone cases, lenses and key pads, can be coated using a spray process.
TINY: 2.79
52wk Range: 2.51 - 3.85
2015/03/02 3.85
Portfolio:
http://www.hhvc.com/portfolio/
http://finance.yahoo.com/news/harris-harris-group-portfolio-company-154437997.html
About Harris & Harris Group
Harris & Harris Group is a publicly traded venture capital firm that is also a business development company. Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com, on Facebook at www.facebook.com/harrisharrisvc and by following on Twitter @harrisandharrisgroup.
TINY: 2.79
52wk Range: 2.51 - 3.85
2015/03/02 3.85
Portfolio:
http://www.hhvc.com/portfolio/
http://finance.yahoo.com/news/harris-harris-group-portfolio-company-154437997.html
About Harris & Harris Group
Harris & Harris Group is a publicly traded venture capital firm that is also a business development company. Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com, on Facebook at www.facebook.com/harrisharrisvc and by following on Twitter @harrisandharrisgroup.
CNIT : 2.82
Chinese stock will rise again today, yesterday high was 2.98.
http://finance.yahoo.com/news/chinas-crash-affects-stocks-trying-195506036.html
According to the spreads, the market is even more skeptical of the completion of other announced deals to take Chinese companies private, including deals for China Information Technology, Inc. - Ordinary Shares (NASDAQ: CNIT) (69.5 percent spread), Vimicro International Corporation (ADR) (NASDAQ: VIMC) (50.2 percent spread), iDreamSky Technology Ltd (ADR) (NASDAQ: DSKY) (41.7 percent spread) and 21Vianet Group Inc (NASDAQ: VNET) (40.3 percent spread).
China Information Technology, Inc. June 22, 2015 6:00 AM
SHENZHEN, China, June 22, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that its Board of Directors (the "Board") has received a preliminary, non-binding proposal letter, dated June 19, 2015, from Mr. Jianghuai Lin ("Mr. Lin"), Chairman and Chief Executive Officer of the Company, Mr. Zhiqiang Zhao ("Mr. Zhao"), Director and Chief Operating Officer of the Company, Mr. Junping Sun ("Mr. Sun"), Senior Vice President of the Company and Mr. Jinzhu Cai ("Mr. Cai"), an individual investor (together with Mr. Lin, Mr. Zhao and Mr. Sun, the "Buyer Group"), proposing a "going-private" transaction (the "Transaction") to acquire all of the outstanding ordinary shares of the Company not already owned by the Buyer Group at a proposed price of US$4.43 per ordinary share in cash, which represents approximately a 30.0% premium above the average closing price of the Company's ordinary shares over the last 15 trading days up to and including June 18, 2015.
SHENZHEN, China, July 2, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today updates investors on its progress of selling its manufacturing facility in Shenzhen.
As previously announced in November 2014, the Company signed a Letter of Intent (LOI) with an unrelated party ("the Buyer") to sell the Company's manufacturing facility including the land use rights, which is located in the Fuyong Industrial Park for RMB 375.0 million (approximately US$60.48 million). By the end of February 2015, the Company has collected RMB 100.0 million (approximately US$16.13 million) of non-refundable down payment. By the end of April 2015, the Company has transferred all risks and responsibilities of managing and maintaining the property to the Buyer.
On June 29, 2015, the Company collected an additional RMB 15 million (approximately US$2.42 million) of payment from the Buyer and used such proceeds to pay back some of its maturing bank loans. On June 30, 2015, the Company entered into a land transfer contract with the Buyer under which the Buyer agreed to pay the remaining purchase price of RMB 260 million (approximately US$41.94 million) to CNIT before the end of July 2015.
As previously announced, the Company plans to use the proceeds from this transaction for bank loan repayment, working capital, and share repurchase programs.
Mr. Jiang Huai Lin, Chairman and CEO of CNIT, commented, "With the cash infusion from this transaction, we believe we will be able to further accelerate our business execution, reduce our interest expenses, and generate more shareholder value."
CNIT : 2.82
Chinese stock will rise again today, yesterday high was 2.98.
http://finance.yahoo.com/news/chinas-crash-affects-stocks-trying-195506036.html
According to the spreads, the market is even more skeptical of the completion of other announced deals to take Chinese companies private, including deals for China Information Technology, Inc. - Ordinary Shares (NASDAQ: CNIT) (69.5 percent spread), Vimicro International Corporation (ADR) (NASDAQ: VIMC) (50.2 percent spread), iDreamSky Technology Ltd (ADR) (NASDAQ: DSKY) (41.7 percent spread) and 21Vianet Group Inc (NASDAQ: VNET) (40.3 percent spread).
China Information Technology, Inc. June 22, 2015 6:00 AM
SHENZHEN, China, June 22, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that its Board of Directors (the "Board") has received a preliminary, non-binding proposal letter, dated June 19, 2015, from Mr. Jianghuai Lin ("Mr. Lin"), Chairman and Chief Executive Officer of the Company, Mr. Zhiqiang Zhao ("Mr. Zhao"), Director and Chief Operating Officer of the Company, Mr. Junping Sun ("Mr. Sun"), Senior Vice President of the Company and Mr. Jinzhu Cai ("Mr. Cai"), an individual investor (together with Mr. Lin, Mr. Zhao and Mr. Sun, the "Buyer Group"), proposing a "going-private" transaction (the "Transaction") to acquire all of the outstanding ordinary shares of the Company not already owned by the Buyer Group at a proposed price of US$4.43 per ordinary share in cash, which represents approximately a 30.0% premium above the average closing price of the Company's ordinary shares over the last 15 trading days up to and including June 18, 2015.
SHENZHEN, China, July 2, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today updates investors on its progress of selling its manufacturing facility in Shenzhen.
As previously announced in November 2014, the Company signed a Letter of Intent (LOI) with an unrelated party ("the Buyer") to sell the Company's manufacturing facility including the land use rights, which is located in the Fuyong Industrial Park for RMB 375.0 million (approximately US$60.48 million). By the end of February 2015, the Company has collected RMB 100.0 million (approximately US$16.13 million) of non-refundable down payment. By the end of April 2015, the Company has transferred all risks and responsibilities of managing and maintaining the property to the Buyer.
On June 29, 2015, the Company collected an additional RMB 15 million (approximately US$2.42 million) of payment from the Buyer and used such proceeds to pay back some of its maturing bank loans. On June 30, 2015, the Company entered into a land transfer contract with the Buyer under which the Buyer agreed to pay the remaining purchase price of RMB 260 million (approximately US$41.94 million) to CNIT before the end of July 2015.
As previously announced, the Company plans to use the proceeds from this transaction for bank loan repayment, working capital, and share repurchase programs.
Mr. Jiang Huai Lin, Chairman and CEO of CNIT, commented, "With the cash infusion from this transaction, we believe we will be able to further accelerate our business execution, reduce our interest expenses, and generate more shareholder value."
DRD DRDGOLD LTD 1.69
Time for a strong rebound.
JSE: DRD ZAR 222c = 1.79 USD
http://www.drd.co.za/
Jul 9, 2015 1.80
Jul 1, 2015 1.87
Jun 25, 2015 1.90
Jun 22, 2015 1.93
DRDGOLD Limited (DRDGOLD) is a high-margin, low-risk South African gold producer and a world leader in the recovery of the metal from the retreatment of surface tailings. DRDGOLD has a network of assets that is unrivalled in South Africa and, with its consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.
DRDGOLD provided jobs for 2 329 people, including 989 employees. The remaining 1 340 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. IN FY2014, the company produced 132 909oz of gold, generated R1 809.4 million in revenue and spent R158.6 million on capital projects. Attributable mineral resources of 37.04Moz and attributable mineral reserves of 1.5Moz were declared.
DRD DRDGOLD LTD 1.69
Time for a strong rebound.
JSE: DRD ZAR 222c = 1.79 USD
http://www.drd.co.za/
Jul 9, 2015 1.80
Jul 1, 2015 1.87
Jun 25, 2015 1.90
Jun 22, 2015 1.93
DRDGOLD Limited (DRDGOLD) is a high-margin, low-risk South African gold producer and a world leader in the recovery of the metal from the retreatment of surface tailings. DRDGOLD has a network of assets that is unrivalled in South Africa and, with its consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.
DRDGOLD provided jobs for 2 329 people, including 989 employees. The remaining 1 340 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. IN FY2014, the company produced 132 909oz of gold, generated R1 809.4 million in revenue and spent R158.6 million on capital projects. Attributable mineral resources of 37.04Moz and attributable mineral reserves of 1.5Moz were declared.
CNIT : : 2.98 + 0.46 (18.25%)
http://finance.yahoo.com/news/chinas-crash-affects-stocks-trying-195506036.html
According to the spreads, the market is even more skeptical of the completion of other announced deals to take Chinese companies private, including deals for China Information Technology, Inc. - Ordinary Shares (NASDAQ: CNIT) (69.5 percent spread), Vimicro International Corporation (ADR) (NASDAQ: VIMC) (50.2 percent spread), iDreamSky Technology Ltd (ADR) (NASDAQ: DSKY) (41.7 percent spread) and 21Vianet Group Inc (NASDAQ: VNET) (40.3 percent spread).
China Information Technology, Inc. June 22, 2015 6:00 AM
SHENZHEN, China, June 22, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that its Board of Directors (the "Board") has received a preliminary, non-binding proposal letter, dated June 19, 2015, from Mr. Jianghuai Lin ("Mr. Lin"), Chairman and Chief Executive Officer of the Company, Mr. Zhiqiang Zhao ("Mr. Zhao"), Director and Chief Operating Officer of the Company, Mr. Junping Sun ("Mr. Sun"), Senior Vice President of the Company and Mr. Jinzhu Cai ("Mr. Cai"), an individual investor (together with Mr. Lin, Mr. Zhao and Mr. Sun, the "Buyer Group"), proposing a "going-private" transaction (the "Transaction") to acquire all of the outstanding ordinary shares of the Company not already owned by the Buyer Group at a proposed price of US$4.43 per ordinary share in cash,[/b] which represents approximately a 30.0% premium above the average closing price of the Company's ordinary shares over the last 15 trading days up to and including June 18, 2015.
SHENZHEN, China, July 2, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today updates investors on its progress of selling its manufacturing facility in Shenzhen.
As previously announced in November 2014, the Company signed a Letter of Intent (LOI) with an unrelated party ("the Buyer") to sell the Company's manufacturing facility including the land use rights, which is located in the Fuyong Industrial Park for RMB 375.0 million (approximately US$60.48 million). By the end of February 2015, the Company has collected RMB 100.0 million (approximately US$16.13 million) of non-refundable down payment. By the end of April 2015, the Company has transferred all risks and responsibilities of managing and maintaining the property to the Buyer.
On June 29, 2015, the Company collected an additional RMB 15 million (approximately US$2.42 million) of payment from the Buyer and used such proceeds to pay back some of its maturing bank loans. On June 30, 2015, the Company entered into a land transfer contract with the Buyer under which the Buyer agreed to pay the remaining purchase price of RMB 260 million (approximately US$41.94 million) to CNIT before the end of July 2015.
As previously announced, the Company plans to use the proceeds from this transaction for bank loan repayment, working capital, and share repurchase programs.
Mr. Jiang Huai Lin, Chairman and CEO of CNIT, commented, "With the cash infusion from this transaction, we believe we will be able to further accelerate our business execution, reduce our interest expenses, and generate more shareholder value."
CNIT : : 2.98 + 0.46 (18.25%)
http://finance.yahoo.com/news/chinas-crash-affects-stocks-trying-195506036.html
According to the spreads, the market is even more skeptical of the completion of other announced deals to take Chinese companies private, including deals for China Information Technology, Inc. - Ordinary Shares (NASDAQ: CNIT) (69.5 percent spread), Vimicro International Corporation (ADR) (NASDAQ: VIMC) (50.2 percent spread), iDreamSky Technology Ltd (ADR) (NASDAQ: DSKY) (41.7 percent spread) and 21Vianet Group Inc (NASDAQ: VNET) (40.3 percent spread).
China Information Technology, Inc. June 22, 2015 6:00 AM
SHENZHEN, China, June 22, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that its Board of Directors (the "Board") has received a preliminary, non-binding proposal letter, dated June 19, 2015, from Mr. Jianghuai Lin ("Mr. Lin"), Chairman and Chief Executive Officer of the Company, Mr. Zhiqiang Zhao ("Mr. Zhao"), Director and Chief Operating Officer of the Company, Mr. Junping Sun ("Mr. Sun"), Senior Vice President of the Company and Mr. Jinzhu Cai ("Mr. Cai"), an individual investor (together with Mr. Lin, Mr. Zhao and Mr. Sun, the "Buyer Group"), proposing a "going-private" transaction (the "Transaction") to acquire all of the outstanding ordinary shares of the Company not already owned by the Buyer Group at a proposed price of US$4.43 per ordinary share in cash,[/b] which represents approximately a 30.0% premium above the average closing price of the Company's ordinary shares over the last 15 trading days up to and including June 18, 2015.
SHENZHEN, China, July 2, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today updates investors on its progress of selling its manufacturing facility in Shenzhen.
As previously announced in November 2014, the Company signed a Letter of Intent (LOI) with an unrelated party ("the Buyer") to sell the Company's manufacturing facility including the land use rights, which is located in the Fuyong Industrial Park for RMB 375.0 million (approximately US$60.48 million). By the end of February 2015, the Company has collected RMB 100.0 million (approximately US$16.13 million) of non-refundable down payment. By the end of April 2015, the Company has transferred all risks and responsibilities of managing and maintaining the property to the Buyer.
On June 29, 2015, the Company collected an additional RMB 15 million (approximately US$2.42 million) of payment from the Buyer and used such proceeds to pay back some of its maturing bank loans. On June 30, 2015, the Company entered into a land transfer contract with the Buyer under which the Buyer agreed to pay the remaining purchase price of RMB 260 million (approximately US$41.94 million) to CNIT before the end of July 2015.
As previously announced, the Company plans to use the proceeds from this transaction for bank loan repayment, working capital, and share repurchase programs.
Mr. Jiang Huai Lin, Chairman and CEO of CNIT, commented, "With the cash infusion from this transaction, we believe we will be able to further accelerate our business execution, reduce our interest expenses, and generate more shareholder value."
DRD DRDGOLD LTD 1.65
Time for a strong rebound.
JSE: DRD ZAR 218c = 1.76 USD
http://www.drd.co.za/
DRDGOLD Limited (DRDGOLD) is a high-margin, low-risk South African gold producer and a world leader in the recovery of the metal from the retreatment of surface tailings. DRDGOLD has a network of assets that is unrivalled in South Africa and, with its consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.
At the end of FY2013, DRDGOLD provided jobs for 2 329 people, including 989 employees. The remaining 1 340 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. IN FY2014, the company produced 132 909oz of gold, generated R1 809.4 million in revenue and spent R158.6 million on capital projects. Attributable mineral resources of 37.04Moz and attributable mineral reserves of 1.5Moz were declared.
DRD DRDGOLD LTD 1.65
Time for a strong rebound.
JSE: DRD ZAR 218c = 1.76 USD
http://www.drd.co.za/
DRDGOLD Limited (DRDGOLD) is a high-margin, low-risk South African gold producer and a world leader in the recovery of the metal from the retreatment of surface tailings. DRDGOLD has a network of assets that is unrivalled in South Africa and, with its consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.
At the end of FY2013, DRDGOLD provided jobs for 2 329 people, including 989 employees. The remaining 1 340 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. IN FY2014, the company produced 132 909oz of gold, generated R1 809.4 million in revenue and spent R158.6 million on capital projects. Attributable mineral resources of 37.04Moz and attributable mineral reserves of 1.5Moz were declared.
UNXL All time low
52wk Range: 1.98 - 9.30
2 year Range: 1.98 - 37.44
Shares Outstanding: 12.47M
Float: 11.90M
Uni-Pixel, Inc., a pre-production stage company, engages in developing performance engineered film (PEF) products for the display, touch screen, and flexible electronics market segments in the United States. The company develops transparent conductive and flexible electronic films under the Copperhead brand; touch screen films under the brand InTouch, as sub-components of a touch sensor module; and hard coat resin and optical films under the Diamond Guard brand. It focuses on serving OEMs. Uni-Pixel, Inc. is headquartered in The Woodlands, Texas.
Total Cash (mrq): 23.66M
Total Cash Per Share (mrq): 1.92
Total Debt (mrq): 0.00
We expect operating expenses to total less than $4 million per quarter by the fourth quarter and to exit the year with gross margins greater than 20%. We anticipate further gross margin improvements in the first half of 2016, leading to profitability for the full year."
XSense Update As announced in late April, UniPixel acquired the assets and operations of Atmel Corporation's XSense touch sensors group. XSense's roll-to-roll, photolithographic manufacturing process of touch sensors has several performance advantages over other touch sensor technologies.
One advantage is superior touch sensor mesh capability. The XSense photolithographic manufacturing process achieves less than four-micron mesh grid lines and allows unique patented mesh pattern designs other than the traditional diamond pattern. The XSense technology virtually eliminates pattern visibility and moiré issues on super-high resolution displays. XSense's unique sensor design also improves touch performance that allows the use of a passive stylus and eliminates Ghost Touch artifacts on less than 0.4 millimeter thick cover glass. The result is a competitive performance advantage over other metal mesh technology.
Another advantage of XSense technology is the signal line routing and pitch between signal lines. This allows for device bezel width less than 2 millimeters.
The performance advantages of XSense allow UniPixel to immediately address the mobile phone market and the entire tablet market, which represent the largest segments of the touch market.
"Although Atmel was successful in marketing XSense's technology advantages, we believe that high manufacturing costs related to catalytic coated film supplied by a third party prevented competitive pricing," noted Hawthorne. "We are currently transferring the existing third party catalytic coated film process to the XSense Colorado Springs facility to bring the supplier's catalytic coating film production process in-house. We expect to complete this modification within six months, and for it to significantly lower production costs and increase manufacturing capacity by the fourth quarter. The current manufacturing capacity at the Colorado Springs XSense facility is capable of supporting forecasted production requirements through early 2016.
"We will then work to further lower the production costs of XSense through the application and integration of UniPixel's existing manufacturing and material science technology, leveraging our development work and investment over the past few years. This includes electroless plating process improvements and changes to the catalytic film coating, both of which are expected to increase throughput and overall factory capacity."
UniPixel also plans to apply its Diamond Guard hard coat technology to the XSense manufacturing process, which is expected to reduce materials costs by decreasing the need for protective film liners in the manufacturing and shipping process.
Diamond Guard Update UniPixel continues to advance towards commercialization of its Diamond Guard hard-coat resin solutions. The company is working with two film coating companies to market the coated film. As a PET film coating solution, Diamond Guard can be applied to numerous types of flat surfaces, while three-dimensional surfaces, such as mobile phone cases, lenses and key pads, can be coated using a spray process.
UNXL All time low
52wk Range: 1.98 - 9.30
2 year Range: 1.98 - 37.44
Shares Outstanding: 12.47M
Float: 11.90M
Uni-Pixel, Inc., a pre-production stage company, engages in developing performance engineered film (PEF) products for the display, touch screen, and flexible electronics market segments in the United States. The company develops transparent conductive and flexible electronic films under the Copperhead brand; touch screen films under the brand InTouch, as sub-components of a touch sensor module; and hard coat resin and optical films under the Diamond Guard brand. It focuses on serving OEMs. Uni-Pixel, Inc. is headquartered in The Woodlands, Texas.
Total Cash (mrq): 23.66M
Total Cash Per Share (mrq): 1.92
Total Debt (mrq): 0.00
We expect operating expenses to total less than $4 million per quarter by the fourth quarter and to exit the year with gross margins greater than 20%. We anticipate further gross margin improvements in the first half of 2016, leading to profitability for the full year."
XSense Update As announced in late April, UniPixel acquired the assets and operations of Atmel Corporation's XSense touch sensors group. XSense's roll-to-roll, photolithographic manufacturing process of touch sensors has several performance advantages over other touch sensor technologies.
One advantage is superior touch sensor mesh capability. The XSense photolithographic manufacturing process achieves less than four-micron mesh grid lines and allows unique patented mesh pattern designs other than the traditional diamond pattern. The XSense technology virtually eliminates pattern visibility and moiré issues on super-high resolution displays. XSense's unique sensor design also improves touch performance that allows the use of a passive stylus and eliminates Ghost Touch artifacts on less than 0.4 millimeter thick cover glass. The result is a competitive performance advantage over other metal mesh technology.
Another advantage of XSense technology is the signal line routing and pitch between signal lines. This allows for device bezel width less than 2 millimeters.
The performance advantages of XSense allow UniPixel to immediately address the mobile phone market and the entire tablet market, which represent the largest segments of the touch market.
"Although Atmel was successful in marketing XSense's technology advantages, we believe that high manufacturing costs related to catalytic coated film supplied by a third party prevented competitive pricing," noted Hawthorne. "We are currently transferring the existing third party catalytic coated film process to the XSense Colorado Springs facility to bring the supplier's catalytic coating film production process in-house. We expect to complete this modification within six months, and for it to significantly lower production costs and increase manufacturing capacity by the fourth quarter. The current manufacturing capacity at the Colorado Springs XSense facility is capable of supporting forecasted production requirements through early 2016.
"We will then work to further lower the production costs of XSense through the application and integration of UniPixel's existing manufacturing and material science technology, leveraging our development work and investment over the past few years. This includes electroless plating process improvements and changes to the catalytic film coating, both of which are expected to increase throughput and overall factory capacity."
UniPixel also plans to apply its Diamond Guard hard coat technology to the XSense manufacturing process, which is expected to reduce materials costs by decreasing the need for protective film liners in the manufacturing and shipping process.
Diamond Guard Update UniPixel continues to advance towards commercialization of its Diamond Guard hard-coat resin solutions. The company is working with two film coating companies to market the coated film. As a PET film coating solution, Diamond Guard can be applied to numerous types of flat surfaces, while three-dimensional surfaces, such as mobile phone cases, lenses and key pads, can be coated using a spray process.
Quiksilver Inc. NYSE ZQK 0,5781 (+0,36%)
52wk Range: 0.51 - 4.89
Shares Outstanding: 171.37M
Float: 126.09M
Quiksilver, Inc. designs, develops, and distributes branded apparel, footwear, accessories, and related products primarily for men, women, and children. The company provides its products for various activities, including casual and outdoor lifestyle associated with surfing, skateboarding, snowboarding, BMX and motocross, rally car, and other activities. It offers its products primarily under the Quiksilver, DC, and Roxy brands through a range of distribution channels, including wholesale accounts, such as surf shops, skate shops, snow shops, sporting goods stores, discount centers, specialty stores, online retailers, and select department stores; 935 owned or licensed company retail stores; and e-commerce Websites. The company primarily operates in the United States, Canada, Brazil, Mexico, Europe, the Middle East, Africa, the United Kingdom, Russia, South Africa, Australia, Japan, New Zealand, South Korea, Taiwan, China, and Indonesia, as well as North, South, and Central America. Quiksilver, Inc. was founded in 1969 and is headquartered in Huntington Beach, California.
Quiksilver Inc. NYSE ZQK 0,5781 (+0,36%)
52wk Range: 0.51 - 4.89
Shares Outstanding: 171.37M
Float: 126.09M
Quiksilver, Inc. designs, develops, and distributes branded apparel, footwear, accessories, and related products primarily for men, women, and children. The company provides its products for various activities, including casual and outdoor lifestyle associated with surfing, skateboarding, snowboarding, BMX and motocross, rally car, and other activities. It offers its products primarily under the Quiksilver, DC, and Roxy brands through a range of distribution channels, including wholesale accounts, such as surf shops, skate shops, snow shops, sporting goods stores, discount centers, specialty stores, online retailers, and select department stores; 935 owned or licensed company retail stores; and e-commerce Websites. The company primarily operates in the United States, Canada, Brazil, Mexico, Europe, the Middle East, Africa, the United Kingdom, Russia, South Africa, Australia, Japan, New Zealand, South Korea, Taiwan, China, and Indonesia, as well as North, South, and Central America. Quiksilver, Inc. was founded in 1969 and is headquartered in Huntington Beach, California.
CNIT : today: 2.55
Jul 7, 2015 3.10
Jul 6, 2015 3.26
Jul 2, 2015 3.37
Jul 1, 2015 3.47
Jun 30, 2015 3.48
Jun 29, 2015 3.60
Jun 22, 2015 3.98
SHENZHEN, China, May 27, 2015 /PRNewswire/ -- China Information Technology, Inc. (NASDAQ GS: CNIT) (the "Company"), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that it closed a previously announced registered direct offering, in which the Company sold 2,102,484 ordinary shares to certain institutional investors at the price of $6.44 per share. Gross proceeds from the offering were approximately $13.54 million.
SHENZHEN, China, June 22, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that its Board of Directors (the "Board") has received a preliminary, non-binding proposal letter, dated June 19, 2015, from Mr. Jianghuai Lin ("Mr. Lin"), Chairman and Chief Executive Officer of the Company, Mr. Zhiqiang Zhao ("Mr. Zhao"), Director and Chief Operating Officer of the Company, Mr. Junping Sun ("Mr. Sun"), Senior Vice President of the Company and Mr. Jinzhu Cai ("Mr. Cai"), an individual investor (together with Mr. Lin, Mr. Zhao and Mr. Sun, the "Buyer Group"), proposing a "going-private" transaction (the "Transaction") to acquire all of the outstanding ordinary shares of the Company not already owned by the Buyer Group at a proposed price of US$4.43 per ordinary share in cash, which represents approximately a 30.0% premium above the average closing price of the Company's ordinary shares over the last 15 trading days up to and including June 18, 2015.
SHENZHEN, China, July 2, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today updates investors on its progress of selling its manufacturing facility in Shenzhen.
As previously announced in November 2014, the Company signed a Letter of Intent (LOI) with an unrelated party ("the Buyer") to sell the Company's manufacturing facility including the land use rights, which is located in the Fuyong Industrial Park for RMB 375.0 million (approximately US$60.48 million). By the end of February 2015, the Company has collected RMB 100.0 million (approximately US$16.13 million) of non-refundable down payment. By the end of April 2015, the Company has transferred all risks and responsibilities of managing and maintaining the property to the Buyer.
On June 29, 2015, the Company collected an additional RMB 15 million (approximately US$2.42 million) of payment from the Buyer and used such proceeds to pay back some of its maturing bank loans. On June 30, 2015, the Company entered into a land transfer contract with the Buyer under which the Buyer agreed to pay the remaining purchase price of RMB 260 million (approximately US$41.94 million) to CNIT before the end of July 2015.
As previously announced, the Company plans to use the proceeds from this transaction for bank loan repayment, working capital, and share repurchase programs.
Mr. Jiang Huai Lin, Chairman and CEO of CNIT, commented, "With the cash infusion from this transaction, we believe we will be able to further accelerate our business execution, reduce our interest expenses, and generate more shareholder value."
CNIT : today: 2.55
Jul 7, 2015 3.10
Jul 6, 2015 3.26
Jul 2, 2015 3.37
Jul 1, 2015 3.47
Jun 30, 2015 3.48
Jun 29, 2015 3.60
Jun 22, 2015 3.98
SHENZHEN, China, May 27, 2015 /PRNewswire/ -- China Information Technology, Inc. (NASDAQ GS: CNIT) (the "Company"), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that it closed a previously announced registered direct offering, in which the Company sold 2,102,484 ordinary shares to certain institutional investors at the price of $6.44 per share. Gross proceeds from the offering were approximately $13.54 million.
SHENZHEN, China, June 22, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that its Board of Directors (the "Board") has received a preliminary, non-binding proposal letter, dated June 19, 2015, from Mr. Jianghuai Lin ("Mr. Lin"), Chairman and Chief Executive Officer of the Company, Mr. Zhiqiang Zhao ("Mr. Zhao"), Director and Chief Operating Officer of the Company, Mr. Junping Sun ("Mr. Sun"), Senior Vice President of the Company and Mr. Jinzhu Cai ("Mr. Cai"), an individual investor (together with Mr. Lin, Mr. Zhao and Mr. Sun, the "Buyer Group"), proposing a "going-private" transaction (the "Transaction") to acquire all of the outstanding ordinary shares of the Company not already owned by the Buyer Group at a proposed price of US$4.43 per ordinary share in cash, which represents approximately a 30.0% premium above the average closing price of the Company's ordinary shares over the last 15 trading days up to and including June 18, 2015.
SHENZHEN, China, July 2, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today updates investors on its progress of selling its manufacturing facility in Shenzhen.
As previously announced in November 2014, the Company signed a Letter of Intent (LOI) with an unrelated party ("the Buyer") to sell the Company's manufacturing facility including the land use rights, which is located in the Fuyong Industrial Park for RMB 375.0 million (approximately US$60.48 million). By the end of February 2015, the Company has collected RMB 100.0 million (approximately US$16.13 million) of non-refundable down payment. By the end of April 2015, the Company has transferred all risks and responsibilities of managing and maintaining the property to the Buyer.
On June 29, 2015, the Company collected an additional RMB 15 million (approximately US$2.42 million) of payment from the Buyer and used such proceeds to pay back some of its maturing bank loans. On June 30, 2015, the Company entered into a land transfer contract with the Buyer under which the Buyer agreed to pay the remaining purchase price of RMB 260 million (approximately US$41.94 million) to CNIT before the end of July 2015.
As previously announced, the Company plans to use the proceeds from this transaction for bank loan repayment, working capital, and share repurchase programs.
Mr. Jiang Huai Lin, Chairman and CEO of CNIT, commented, "With the cash infusion from this transaction, we believe we will be able to further accelerate our business execution, reduce our interest expenses, and generate more shareholder value."
GFI: 3,13 (-0,95%)
Gold Fields Limited operates as a gold mining company. The company engages in the exploration, extraction, processing, and smelting of gold and copper properties. It holds interests in eight operating mines in South Africa, Ghana, Australia, and Peru. The company has total gold mineral reserves of approximately 48.1 million ounces and mineral resources of approximately 108.3 million ounces. Gold Fields Limited was founded in 1887 and is based in Sandton, South Africa.
GFI: 3,2092 3,14 (-0,63%)
Gold Fields Limited operates as a gold mining company. The company engages in the exploration, extraction, processing, and smelting of gold and copper properties. It holds interests in eight operating mines in South Africa, Ghana, Australia, and Peru. The company has total gold mineral reserves of approximately 48.1 million ounces and mineral resources of approximately 108.3 million ounces. Gold Fields Limited was founded in 1887 and is based in Sandton, South Africa.
DRD DRDGOLD LTD 1,73
Time for a strong rebound.
JSE: DRD ZAR 231c = 1.89 USD
http://www.drd.co.za/
DRDGOLD Limited (DRDGOLD) is a high-margin, low-risk South African gold producer and a world leader in the recovery of the metal from the retreatment of surface tailings. DRDGOLD has a network of assets that is unrivalled in South Africa and, with its consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.
At the end of FY2013, DRDGOLD provided jobs for 2 329 people, including 989 employees. The remaining 1 340 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. IN FY2014, the company produced 132 909oz of gold, generated R1 809.4 million in revenue and spent R158.6 million on capital projects. Attributable mineral resources of 37.04Moz and attributable mineral reserves of 1.5Moz were declared.
DRD DRDGOLD LTD 1,73
Time for a strong rebound.
JSE: DRD ZAR 231c = 1.89 USD
http://www.drd.co.za/
DRDGOLD Limited (DRDGOLD) is a high-margin, low-risk South African gold producer and a world leader in the recovery of the metal from the retreatment of surface tailings. DRDGOLD has a network of assets that is unrivalled in South Africa and, with its consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.
At the end of FY2013, DRDGOLD provided jobs for 2 329 people, including 989 employees. The remaining 1 340 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. IN FY2014, the company produced 132 909oz of gold, generated R1 809.4 million in revenue and spent R158.6 million on capital projects. Attributable mineral resources of 37.04Moz and attributable mineral reserves of 1.5Moz were declared.
Quiksilver Inc. NYSE ZQK 0,56
52wk Range: 0.51 - 4.89
Shares Outstanding: 171.37M
Float: 126.09M
Quiksilver, Inc. designs, develops, and distributes branded apparel, footwear, accessories, and related products primarily for men, women, and children. The company provides its products for various activities, including casual and outdoor lifestyle associated with surfing, skateboarding, snowboarding, BMX and motocross, rally car, and other activities. It offers its products primarily under the Quiksilver, DC, and Roxy brands through a range of distribution channels, including wholesale accounts, such as surf shops, skate shops, snow shops, sporting goods stores, discount centers, specialty stores, online retailers, and select department stores; 935 owned or licensed company retail stores; and e-commerce Websites. The company primarily operates in the United States, Canada, Brazil, Mexico, Europe, the Middle East, Africa, the United Kingdom, Russia, South Africa, Australia, Japan, New Zealand, South Korea, Taiwan, China, and Indonesia, as well as North, South, and Central America. Quiksilver, Inc. was founded in 1969 and is headquartered in Huntington Beach, California.
Quiksilver Inc. NYSE ZQK 0,56
52wk Range: 0.51 - 4.89
Shares Outstanding: 171.37M
Float: 126.09M
Quiksilver, Inc. designs, develops, and distributes branded apparel, footwear, accessories, and related products primarily for men, women, and children. The company provides its products for various activities, including casual and outdoor lifestyle associated with surfing, skateboarding, snowboarding, BMX and motocross, rally car, and other activities. It offers its products primarily under the Quiksilver, DC, and Roxy brands through a range of distribution channels, including wholesale accounts, such as surf shops, skate shops, snow shops, sporting goods stores, discount centers, specialty stores, online retailers, and select department stores; 935 owned or licensed company retail stores; and e-commerce Websites. The company primarily operates in the United States, Canada, Brazil, Mexico, Europe, the Middle East, Africa, the United Kingdom, Russia, South Africa, Australia, Japan, New Zealand, South Korea, Taiwan, China, and Indonesia, as well as North, South, and Central America. Quiksilver, Inc. was founded in 1969 and is headquartered in Huntington Beach, California.
TINY: 2.76
52wk Range: 2.51 - 3.85
http://finance.yahoo.com/news/harris-harris-group-portfolio-company-154437997.html
About Harris & Harris Group
Harris & Harris Group is a publicly traded venture capital firm that is also a business development company. Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com, on Facebook at www.facebook.com/harrisharrisvc and by following on Twitter @harrisandharrisgroup.
TINY: 2.76
52wk Range: 2.51 - 3.85
http://finance.yahoo.com/news/harris-harris-group-portfolio-company-154437997.html
About Harris & Harris Group
Harris & Harris Group is a publicly traded venture capital firm that is also a business development company. Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com, on Facebook at www.facebook.com/harrisharrisvc and by following on Twitter @harrisandharrisgroup.
WSP Holdings Ltd.
Last year there was news about a going private transaction for $3.20
52 week 0.0040 - 2.81
Wshly.pk : 0.0055
BID: 0.0055 ASK: 0.0070
04/07/15 somebody bought 199.000 shares at 0.027, today you can buy them for only 0.0065??
Shares Outstanding: 20.44M
Float: 3.96M
shareholders:
CEO Longhua Piao holds a (majority) 50.9% of the O/S, or 10.4 million shares.
UMW Holdings maintains a 4.6 million share position in wshly, which is 22.5% of the O/S. Their cost basis is approximately $7 per share.
WSP Holdings Ltd.
Last year there was news about a going private transaction for $3.20
52 week 0.0040 - 2.81
Wshly.pk : 0.0055
BID: 0.0055 ASK: 0.0070
04/07/15 somebody bought 199.000 shares at 0.027, today you can buy them for only 0.0065??
Shares Outstanding: 20.44M
Float: 3.96M
shareholders:
CEO Longhua Piao holds a (majority) 50.9% of the O/S, or 10.4 million shares.
UMW Holdings maintains a 4.6 million share position in wshly, which is 22.5% of the O/S. Their cost basis is approximately $7 per share.
CNIT : : 2,64 -12,58%
dayrange: 2.51 - 3.10
Jul 6, 2015 3.26
Jul 2, 2015 3.37
Jul 1, 2015 3.47
Jun 30, 2015 3.48
Jun 29, 2015 3.60
May 20, 2015 7.35
China Information Technology, Inc. May 21, 2015 8:30 AM
SHENZHEN, China, May 21, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that it entered into a securities purchase agreement (the "Purchase Agreement") with certain institutional investors for the sale of 2,102,484 ordinary shares in a registered offering at the price of $6.44 per ordinary share.
China Information Technology, Inc. May 27, 2015 5:00 PM
SHENZHEN, China, May 27, 2015 /PRNewswire/ -- China Information Technology, Inc. (NASDAQ GS: CNIT) (the "Company"), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that it closed a previously announced registered direct offering, in which the Company sold 2,102,484 ordinary shares to certain institutional investors at the price of $6.44 per share. In addition, warrants to purchase an aggregate of 1,576,863 ordinary shares of the Company were issued to the investors.
Gross proceeds from the offering were approximately $13.54 million. After deducting offering expenses, the Company intends to use the net proceeds from this offering for working capital and general corporate purposes.
China Information Technology, Inc. June 22, 2015 6:00 AM
SHENZHEN, China, June 22, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that its Board of Directors (the "Board") has received a preliminary, non-binding proposal letter, dated June 19, 2015, from Mr. Jianghuai Lin ("Mr. Lin"), Chairman and Chief Executive Officer of the Company, Mr. Zhiqiang Zhao ("Mr. Zhao"), Director and Chief Operating Officer of the Company, Mr. Junping Sun ("Mr. Sun"), Senior Vice President of the Company and Mr. Jinzhu Cai ("Mr. Cai"), an individual investor (together with Mr. Lin, Mr. Zhao and Mr. Sun, the "Buyer Group"), proposing a "going-private" transaction (the "Transaction") to acquire all of the outstanding ordinary shares of the Company not already owned by the Buyer Group at a proposed price of US$4.43 per ordinary share in cash, which represents approximately a 30.0% premium above the average closing price of the Company's ordinary shares over the last 15 trading days up to and including June 18, 2015.
China Information Technology, Inc. July 2, 2015 6:00 AM
SHENZHEN, China, July 1, 2015 /PRNewswire/ --China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that its board of directors (the "Board") has formed a special committee (the "Special Committee") to consider the previously announced non-binding "going private" proposal that the Board received from the Company's Chairman and Chief Executive Officer, Mr. Jianghuai Lin and three other individuals (the "Buyer Group") on June 19, 2015. In that proposal, the Buyer Group stated that it intends to acquire all of the outstanding ordinary shares of the Company not currently owned by the Buyer Group in a "going private" transaction (the "Proposed Transaction").
The Special Committee consists of three independent, disinterested directors of the Company, Mr. Yusen Huang, Mr. Remington Hu and Dr. Yong Jiang with Mr. Huang acting as the chair of the Special Committee. The Special Committee intends to retain independent legal and financial advisors to assist it in its work.
The Company cautions its shareholders and others considering trading its securities that neither the Board nor the Special Committee has made any decision with respect to the Company's response to the Proposed Transaction. There can be no assurance that any definitive offer will be made, that any definitive agreement will be executed relating to the Proposed Transaction or that the Proposed Transaction or any other transaction will be approved or consummated.
SHENZHEN, China, July 2, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today updates investors on its progress of selling its manufacturing facility in Shenzhen.
As previously announced in November 2014, the Company signed a Letter of Intent (LOI) with an unrelated party ("the Buyer") to sell the Company's manufacturing facility including the land use rights, which is located in the Fuyong Industrial Park for RMB 375.0 million (approximately US$60.48 million). By the end of February 2015, the Company has collected RMB 100.0 million (approximately US$16.13 million) of non-refundable down payment. By the end of April 2015, the Company has transferred all risks and responsibilities of managing and maintaining the property to the Buyer.
On June 29, 2015, the Company collected an additional RMB 15 million (approximately US$2.42 million) of payment from the Buyer and used such proceeds to pay back some of its maturing bank loans. On June 30, 2015, the Company entered into a land transfer contract with the Buyer under which the Buyer agreed to pay the remaining purchase price of RMB 260 million (approximately US$41.94 million) to CNIT before the end of July 2015.
As previously announced, the Company plans to use the proceeds from this transaction for bank loan repayment, working capital, and share repurchase programs.
Mr. Jiang Huai Lin, Chairman and CEO of CNIT, commented, "With the cash infusion from this transaction, we believe we will be able to further accelerate our business execution, reduce our interest expenses, and generate more shareholder value."
CNIT : : 2,64 -12,58%
dayrange: 2.51 - 3.10
Jul 6, 2015 3.26
Jul 2, 2015 3.37
Jul 1, 2015 3.47
Jun 30, 2015 3.48
Jun 29, 2015 3.60
May 20, 2015 7.35
China Information Technology, Inc. May 21, 2015 8:30 AM
SHENZHEN, China, May 21, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that it entered into a securities purchase agreement (the "Purchase Agreement") with certain institutional investors for the sale of 2,102,484 ordinary shares in a registered offering at the price of $6.44 per ordinary share.
China Information Technology, Inc. May 27, 2015 5:00 PM
SHENZHEN, China, May 27, 2015 /PRNewswire/ -- China Information Technology, Inc. (NASDAQ GS: CNIT) (the "Company"), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that it closed a previously announced registered direct offering, in which the Company sold 2,102,484 ordinary shares to certain institutional investors at the price of $6.44 per share. In addition, warrants to purchase an aggregate of 1,576,863 ordinary shares of the Company were issued to the investors.
Gross proceeds from the offering were approximately $13.54 million. After deducting offering expenses, the Company intends to use the net proceeds from this offering for working capital and general corporate purposes.
China Information Technology, Inc. June 22, 2015 6:00 AM
SHENZHEN, China, June 22, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that its Board of Directors (the "Board") has received a preliminary, non-binding proposal letter, dated June 19, 2015, from Mr. Jianghuai Lin ("Mr. Lin"), Chairman and Chief Executive Officer of the Company, Mr. Zhiqiang Zhao ("Mr. Zhao"), Director and Chief Operating Officer of the Company, Mr. Junping Sun ("Mr. Sun"), Senior Vice President of the Company and Mr. Jinzhu Cai ("Mr. Cai"), an individual investor (together with Mr. Lin, Mr. Zhao and Mr. Sun, the "Buyer Group"), proposing a "going-private" transaction (the "Transaction") to acquire all of the outstanding ordinary shares of the Company not already owned by the Buyer Group at a proposed price of US$4.43 per ordinary share in cash, which represents approximately a 30.0% premium above the average closing price of the Company's ordinary shares over the last 15 trading days up to and including June 18, 2015.
China Information Technology, Inc. July 2, 2015 6:00 AM
SHENZHEN, China, July 1, 2015 /PRNewswire/ --China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that its board of directors (the "Board") has formed a special committee (the "Special Committee") to consider the previously announced non-binding "going private" proposal that the Board received from the Company's Chairman and Chief Executive Officer, Mr. Jianghuai Lin and three other individuals (the "Buyer Group") on June 19, 2015. In that proposal, the Buyer Group stated that it intends to acquire all of the outstanding ordinary shares of the Company not currently owned by the Buyer Group in a "going private" transaction (the "Proposed Transaction").
The Special Committee consists of three independent, disinterested directors of the Company, Mr. Yusen Huang, Mr. Remington Hu and Dr. Yong Jiang with Mr. Huang acting as the chair of the Special Committee. The Special Committee intends to retain independent legal and financial advisors to assist it in its work.
The Company cautions its shareholders and others considering trading its securities that neither the Board nor the Special Committee has made any decision with respect to the Company's response to the Proposed Transaction. There can be no assurance that any definitive offer will be made, that any definitive agreement will be executed relating to the Proposed Transaction or that the Proposed Transaction or any other transaction will be approved or consummated.
SHENZHEN, China, July 2, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today updates investors on its progress of selling its manufacturing facility in Shenzhen.
As previously announced in November 2014, the Company signed a Letter of Intent (LOI) with an unrelated party ("the Buyer") to sell the Company's manufacturing facility including the land use rights, which is located in the Fuyong Industrial Park for RMB 375.0 million (approximately US$60.48 million). By the end of February 2015, the Company has collected RMB 100.0 million (approximately US$16.13 million) of non-refundable down payment. By the end of April 2015, the Company has transferred all risks and responsibilities of managing and maintaining the property to the Buyer.
On June 29, 2015, the Company collected an additional RMB 15 million (approximately US$2.42 million) of payment from the Buyer and used such proceeds to pay back some of its maturing bank loans. On June 30, 2015, the Company entered into a land transfer contract with the Buyer under which the Buyer agreed to pay the remaining purchase price of RMB 260 million (approximately US$41.94 million) to CNIT before the end of July 2015.
As previously announced, the Company plans to use the proceeds from this transaction for bank loan repayment, working capital, and share repurchase programs.
Mr. Jiang Huai Lin, Chairman and CEO of CNIT, commented, "With the cash infusion from this transaction, we believe we will be able to further accelerate our business execution, reduce our interest expenses, and generate more shareholder value."
GFI: 3,2092 (-1,26%)
Gold Fields Limited operates as a gold mining company. The company engages in the exploration, extraction, processing, and smelting of gold and copper properties. It holds interests in eight operating mines in South Africa, Ghana, Australia, and Peru. The company has total gold mineral reserves of approximately 48.1 million ounces and mineral resources of approximately 108.3 million ounces. Gold Fields Limited was founded in 1887 and is based in Sandton, South Africa.
GFI: 3,2092 (-1,26%)
Gold Fields Limited operates as a gold mining company. The company engages in the exploration, extraction, processing, and smelting of gold and copper properties. It holds interests in eight operating mines in South Africa, Ghana, Australia, and Peru. The company has total gold mineral reserves of approximately 48.1 million ounces and mineral resources of approximately 108.3 million ounces. Gold Fields Limited was founded in 1887 and is based in Sandton, South Africa.
DRD DRDGOLD LTD 1,7499 (-2,78%)
Time for a strong rebound.
JSE: DRD ZAR 231c = 1.89 USD
DRDGOLD Limited (DRDGOLD) is a high-margin, low-risk South African gold producer and a world leader in the recovery of the metal from the retreatment of surface tailings. DRDGOLD has a network of assets that is unrivalled in South Africa and, with its consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.
At the end of FY2013, DRDGOLD provided jobs for 2 329 people, including 989 employees. The remaining 1 340 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. IN FY2014, the company produced 132 909oz of gold, generated R1 809.4 million in revenue and spent R158.6 million on capital projects. Attributable mineral resources of 37.04Moz and attributable mineral reserves of 1.5Moz were declared.