Chemicals - Agricultural
Syngenta AG To Acquire African Corn Seed Business
Syngenta AG announced that it will acquire MRI Seed Zambia Ltd and MRI Agro Ltd (MRI), a developer, producer and distributor of white corn seed in Zambia. The transaction is subject to regulatory approvals and is expected to close by the end of 2013. No financial details were disclosed.
Fitch Affirms Akron OAO's Ratings at B+ with Stable Outlook-Interfax
Interfax reported that International rating agency Fitch Ratings has affirmed Akron OAO's national and foreign currency long-term issuer default ratings at B+ with an outlook of stable, Fitch said in a press release.
Auriga Industries A/S Reiterates FY 2013 Guidance
Auriga Industries reiterated its fiscal 2013 guidance and expects positive growth of approximately 10%, with revenue of up towards DKK6.8 billion and an EBITDA margin of approximately 12%. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of DKK6.8 billion.
Jiangsu Hongda New Material Co Ltd to Transfer 100% Stake in Subsidiary to Zhejiang Xinan Chemical Industrial Group Co Ltd.
Jiangsu Hongda New Material Co Ltd announced that it has signed a contract to sell a 100% stake in a subsidiary, which is engaged in production and sales of silicone material and silicone material product, to Zhejiang Xinan Chemical Industrial Group Co Ltd.
Anhui Liuguo Chemical Co Ltd Announces FY 2013 H1 Net Profit Outlook
Anhui Liuguo Chemical Co Ltd announced that it expects the net profit for the first half of fiscal 2013 to decrease by 50%-80%, compared to the same period of fiscal 2012 (RMB 41,508,956.67). The Company cited the fertilizer market downturn, the reduced sales and the lower prices as the main reason of the negative financial outlook.
Elemental Minerals Ltd Receives All Cash Takeover Offer From Dingyi Group Investment Ltd
Elemental Minerals Ltd. and Dingyi Group Investment Ltd announced that they have, following the successful completion of a thorough technical and financial due diligence exercise by Dingyi, executed a bid implementation agreement (Bid Implementation Agreement), under which Dingyi will make an off-market takeover offer for 100% of the fully paid ordinary shares of Elemental (DingyiOffer). Dingyi to make an all cash takeover offer for Elemental at AUD0.66 per share, valuing Elemental at approximately AUD190 million. The Dingyi Offer is subject to a number of conditions (including Dingyi acquiring at least 50.1% of Elemental's shares and Dingyi shareholder approval requiring certain confirmations from the SEHK) but importantly is not conditional upon finance, Chinese regulatory or Foreign Investment Review Board approvals. Dingyi has agreed to subscribe for AUD5 million of Elemental shares at an issue price of AUD0.3407 per share and also provide Elemental with additional financing of up to AUD15 million through a secured convertible loan facility to provide working capital subject to satisfaction of all necessary shareholder approvals and other conditions.
Akron OAO Appoints Announces Changes on Chairman of the Board of Directors Post; Appoints Acting General Director-SKRIN
SKRIN reported that Akron OAO has appointed Mr. Vladimir Viktorovich Gavrikov to Chairman of the Board of Directors Post. Moreover, Mr. Aleksandr Valerievich Popov has been dismissed from the post of Chairman of the Company's Board of Directors and appointed Acting General Director of the Company, replacing Mr. Vladimir Yakovlevich Kunitskiy.
Dorogobuzh OAO Announces Changes on Chairman of the board of Directors Post-SKRIN
SKRIN reported that Dorogobuzh OAO Announces Changes on Chairman of the board of Directors Post-SKRIN
OKHK Uralkhim OAO Declares FY 2012 Dividend; Appoints Auditor-AK&M
AK&M reported that OKHK Uralkhim OAO had decided to distribute a dividend of RUB 3.20 per share (RUB 1.6 billion in total) for the fiscal year 2012, apart from already paid dividends of RUB 5 per share for the first quarter and of RUB 8.40 per share for the nine-months of the fiscal year 2012. Also, the Company has appointed Deloitte and Touche SNG as its auditor.
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| Industrials |  +0.01% |
| Cyclical Goods & Services | +0.09% |
| Non-Cyclical Goods & Services | -0.27% |
| Financials | -0.21% |
| Healthcare | -0.09% |
| Technology | -0.02% |
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| Utilities | -0.38% |
| DOW | 14,932.41 | -42.55 |
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Bohai Securities Co.,Ltd.
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$115.00
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Provider: Bohai Securities Co.,Ltd.
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$81.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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