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Heavy Electrical Equipment

Page 2

Guangdong Macro appoints Chen Wei as chairman

Monday, 8 Aug 2016 02:51am EDT

Guangdong Macro Co., Ltd. <000533.SZ>:Says it appoints Chen Wei as chairman, Yang Yinbao as general manager, Luo Pan as CFO of the co.

Beijing Hezong Science and Technology says chairman change

Monday, 8 Aug 2016 12:32am EDT

Beijing Hezong Science and Technology Co Ltd <300477.SZ>:Says it appoints Ren Weiqiang as new chairman of the board to replace Liu Zegang who resigns from the position.

Dan Dong Xin Tai Electric's chairman resigns after banned from entering securities market

Friday, 5 Aug 2016 06:55am EDT

Dan Dong Xin Tai Electric Co Ltd <300372.SZ> :Says chairman Wen Deyi resigns after he has been banned by securities regulator from entering the market.

Crompton Greaves seeks members' nod to apopint Neelkant Narayanan Kollengode as CEO, MD

Friday, 22 Jul 2016 05:18am EDT

Crompton Greaves Ltd : Seeks members' nod for appointment of CEO and MD - Neelkant Narayanan Kollengode . Says seeks members' nod for sale of non-India transmission and distribution (T&D) businesses .

Harbin Electric Co Ltd announces change of Chairman<1133.HK>

Friday, 8 Jul 2016 04:44am EDT

Harbin Electric Co Ltd <1133.HK>: Appointment of Director, change of Chairman and list of directors and their role and function <1133.HK> . Resolved to appoint Si Ze-Fu as an executive director of the company . Says Zou Lei ceased to be chairman, non-executive director and chairman of nomination committee of co with immediate effect .

Qingdao Hengshun Zhongsheng Group appoints Jia Xiaoyu as president

Monday, 4 Jul 2016 01:25pm EDT

Qingdao Hengshun Zhongsheng Group <300208.SZ>: Says Yao Gang resigned from president on July 1 .Says it appoints Jia Xiaoyu as new president on July 1.

2G Energy confirms FY outlook, extends CFO contract for 5 yrs

Monday, 4 Jul 2016 02:58am EDT

2g Energy Ag <2GBG.DE>: Order book position above 100 million euros ($111.37 million) for CHP systems . Order book position as of May 31, 2016: 101.1 million euros (previous year: 72.4 million euros) . Is reconfirming its sales revenue and earnings forecast of 150 million euros to 170 million euros, and an ebit margin of 3 - 5 percent for FY 2016 . Management board expects to achieve respective upper ends of these ranges .Supervisory board has extended contract with Chief Financial Officer Dietmar Brockhaus for a further five years.

enX Group says has concluded an agreement with Eqstra Holdings Limited

Thursday, 30 Jun 2016 02:59am EDT

enX Group Ltd : enX has concluded an agreement with Eqstra Holdings Limited . enX will buy 100% equity in new unit of Eqstra that will own industrial equipment business and fleet management and logistics business . enX will be constituted as a shareholder of reference of Eqstra through recapitalisation of Eqstra of R1.4 billion by way of enX . Eqstra transaction consideration of approximately R7.8 billion will be discharged by enX . Paul Mansour will assume role of executive deputy Chairman of enX, Jannie Serfontein, current CEO of Eqstra, will assume role of enX's CEO . A break fee of R12.5 million shall become payable by Eqstra to enX if (i) Eqstra breaches its exclusivity undertakings . Forecasts revenue for FY ending Aug 31 2017 of R6,1 billion and revenue for FY ending Aug 31 2018 R7,8 billion . Forecasts HEPS for FY ending Aug 31 2017 of 249 cents and HEPS for FY ending Aug 31 2018 of 349 cents .R1.5 billion of cash needed by enX to fund commitments in terms of Eqstra deal will be raised by way of a specific issue of shares for cash.

UQM Technologies executes on its China expansion strategy

Tuesday, 28 Jun 2016 09:16pm EDT

UQM Technologies Inc : UQM Technologies Inc executes on its china expansion strategy with announcement of definitive agreement with hybrid kinetic group limited to invest $48 million in UQM . Purchase price is $0.72 per share . UQM Technologies Inc says terms of agreement were unanimously approved by boards of directors of both companies . Transaction will bring approximately $48 million in cash to UQM . Following closing of deal, UQM's board will be increased to nine directors . Hkg, through unit, to purchase newly issued UQM common shares that will represent 58% of uqm,54% on fully-diluted basis . UQM Technologies Inc says uqm's headquarters will remain in Longmont, Colorado . UQM Technologies Inc says BDA partners is acting as financial advisor to UQM .Agreement calls for HKG to purchase newly issued uqm common shares that will represent 58% of UQM, and 54% on a fully-diluted basis.

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