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A123 Systems Inc's Bankruptcy Plan Approved-Reuters

9:09am EDT

Reuters reported that B456 Systems Inc, the lithium-ion battery maker which received a $249 million U.S. government grant, won court approval for its bankruptcy plan on May 20, 2013. Judge Kevin Carey approved the plan under which unsecured creditors of the company, formerly A123 Systems Inc, are expected to recover about 65 cents for each dollar. B456 had earlier won court approval to sell its automotive battery business and related assets to a U.S. unit of China's largest auto parts maker, Wanxiang Group. Wanxiang beat out the only other active bidder, Johnson Controls Inc, in a court-supervised auction for the assets of Waltham, Massachusetts-based B456. B456 had received a $249 million grant from the U.S. government as part of a clean energy program to build manufacturing facilities in Michigan. About half the money was never released. The company filed for bankruptcy in October due to weaker-than-expected demand for hybrid vehicles and technical problems.

China Aviation Optical-Electrical Technology Co Ltd Announces Capital Injection into Subsidiary

Monday, 20 May 2013 08:00pm EDT

China Aviation Optical-Electrical Technology Co Ltd announced that it will inject RMB 235 million into its 51%-owned subsidiary, a Shenyang-based aviation electric appliance company, to increase its holdings to 72%. The holdings of the subsidiary's the other shareholder, Aviation Industry Corporation of China, will decrease from 49% to 28%.

General Cable Corp Announces Initiation Of Quarterly Dividend And Extends $125 Million Share Repurchase Authorization Through The End Of 2013

Monday, 20 May 2013 04:15pm EDT

General Cable Corp announced that Board of Directors has authorized the payment of a regular quarterly dividend. The Board declared an initial quarterly dividend of $0.18 per share, payable on June 28, 2013 to all common shareholders of record as of June 10, 2013. The quarterly dividend is the first for General Cable since 2002. In addition, the Board extended the Company`s existing $125 million, one-year share repurchase program originally adopted in October 2012. The 2012 repurchase program authorization will now continue through the end of 2013. This program has not been utilized by the Company principally due to restrictions implemented while the Company restated its financial statements at the end of 2012 and into the early part of 2013.

Honda Siel Power Products Ltd Recommends Dividend

Monday, 20 May 2013 10:09am EDT

Honda Siel Power Products Ltd announced that Board of Directors of the Company at its meeting held on May 20, 2013, inter alia, have recommended a dividend of INR4 per Equity Share of the Company for the year ended March 31, 2013.

Ferrotec Corp Amends Consolidated Full-year Outlook for FY 2013

Monday, 20 May 2013 02:30am EDT

Ferrotec Corp announced that it has lowered its consolidated full-year outlook for revenue from JPY 39,000 million to JPY 38,424 million and operating profit from a loss of JPY 3,400 million to a loss of JPY 3,608 million, but raised the outlook for ordinary profit from a loss of JPY 4,400 million to a loss of JPY 3,465 million, net profit from a loss of JPY 8,300 million to a loss of JPY 6,532 million and earning per share from a loss of JPY 269.43 to a loss of JPY 212.05, for the fiscal year ended March 2013. The Company lowered the revenue outlook due to the decreased sales, raised the ordinary profit outlook due to the record of JPY 870 million exchange profit and raised the net profit outlook due to the selling of fixed assets, among others.

Muvoni Technology Group Ltd Comments On H1 2013 Earnings guidance

Monday, 20 May 2013 02:24am EDT

Muvoni Technology Group Ltd announced that for first half of 2013, it expects basic loss per share to be approximately ZAR0.0039 per share compared to earnings of ZAR0.0274 for first half of 2012. The headline loss per share will be approximately ZAR0.0039 per share compared to the headline earnings of ZAR0.0068 for first half of 2013.

E2V Technologies Plc Reaffirms FY 2014 Revenue Guidance

Monday, 20 May 2013 02:00am EDT

E2V Technologies Plc announced that it continue to anticipate modest revenue growth for fiscal 2014, reflecting the strength of its order book. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of GBP206.08 million for fiscal 2014.

Mag.Layers Scientific-Technics Co Ltd to Merge with Subsidiary

Monday, 20 May 2013 12:05am EDT

Mag.Layers Scientific-Technics Co Ltd announced that it will merge with its wholly owned subsidiary, a Taiwan-based technology company, with the Company to survive and the subsidiary to be dissolved, effective June 25, 2013.

Luxshare Precision Industry Co., Ltd to Acquire Stake in Subsidiary

Friday, 17 May 2013 08:00pm EDT

Luxshare Precision Industry Co., Ltd announced that it will acquire 950,000 shares of its Shenzhen-based subsidiary, which engages in the manufacturing and sale of power plug and cable, as well as the purchase and sale of power connectors, communications equipment, office equipment and computer accessories, for RMB 36.80 million in total. As a result, the Company will hold a 100% stake in the subsidiary, up from 75%.

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Analyst Research

Report Title Price
Market Edge Equity Research Report
Provider: Market Edge
$10.00
Buy
TRANSENSE TECHNOLOGIES - CHEQUERED FLAG IN SIGHT?
Provider: Edison Investment Research
$10.00
Buy
Market Edge Equity Research Report
Provider: Market Edge
$10.00
Buy
Market Edge Equity Research Report
Provider: Market Edge
$10.00
Buy
Market Edge Equity Research Report
Provider: Market Edge
$10.00
Buy

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