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Flat Glass Industries Ltd Issues FY 2013 Earnings Guidance

1:54am EDT

Flat Glass Industries Ltd announced that for fiscal 2013, it expects forecast to be a loss before tax and impairment in the range of $2.7-$3 million. The loss for the second half of fiscal 2013, is expected to be in the range of $1.7-$2 million.

Masonite International Corp Announces Agreement to Acquire Masisa Door Manufacturing Operations

Monday, 17 Jun 2013 05:00pm EDT

Masonite International Corp announced it has signed a definitive agreement to acquire the door manufacturing operations of Masisa S.A. for approximately $12.5 million. The transaction includes the door component operations in Cabrero, Chile and a door assembly factory in Chillan, Chile. The operations to be acquired primarily manufacture high quality stile and rail panel and French wood doors for the North American market. The facilities employ approximately 300 people. The transaction is expected to close within the next 30 days, subject to customary closing conditions.

Anhui Fangxing Science&Technology Co Ltd Receives Administrative Supervision Measures

Friday, 14 Jun 2013 08:00pm EDT

Anhui Fangxing Science&Technology Co Ltd announced that it has received administrative supervision measures from Anhui Supervision Bureau, for its former Chairman of the Board, Guan Changwen The Anhui Supervision Bureau pointed out that these two individuals misconducted when signed two contracts to buy financial products on April 15, 2013 and April 23, 2013. The Anhui Supervision Bureau dismissed Guan Changwen's position of Chairman of the Board in the Company. The Anhui Supervision Bureau also gave warning to the Company's former General Manager and Chief Financial Officer, Chen Aqin, as well as Deputy General Manager, Wang Yonghe.

CKM Building Material Corp Announces Change of General Manager

Friday, 14 Jun 2013 12:38am EDT

CKM Building Material Corp announced the change of General Manager from Mr. Chen Qingan to Mr. Chen Yuanteng, effective July 1, 2013. Mr. Chen Qingan also serves as Chairman of the Board in the Company and Mr. Chen Yuanteng's current title in the Company is Deputy General Manager.

China Great Land Holdings Ltd Updates On The Proposed Disposal Of 80% Of Issued And Paid Up Ordinary Shares In Share Capital Of Sanya Pearl River Pile Co., Ltd

Wednesday, 12 Jun 2013 07:56am EDT

China Great Land Holdings Ltd announced that with reference to the earlier announcements no definitive agreement has been entered to in respect of the Proposed Joint Venture and that the Company has, on June 12 2013, entered into a conditional sale and purchase agreement with Sanya Wan Jia for the proposed disposal by the Company of its shareholding interest of 16,000,000 ordinary shares out of its entire direct shareholding interest of 19,250,000 ordinary shares in Sanya Pearl River (96.25% of the share capital of Sanya Pearl River). The Proposed Disposal will consist of two tranches, with 10,200,000 ordinary shares (51% of the share capital of Sanya Pearl River) to be transferred on June 30, 2013 and 5,800,000 ordinary shares (29% of the share capital of Sanya Pearl River) to be transferred in June 2014. The Proposed Disposal will be effected (via the disposal of the Sale Shares in two tranches) for a total sum of RMB50 million. Upon completion of the Proposed Disposal in accordance with the SPA, Sanya Pearl River will cease to be a subsidiary of the Company.

CCS Inc Amends Full-year Consolidated Outlook for FY 2013

Wednesday, 12 Jun 2013 02:10am EDT

CCS Inc announced that it has lowered its full-year consolidated outlook for revenue from JPY 5,650 million to JPY 5,000 million, and reaffirmed its full-year consolidated outlook for operating profit of JPY 400 million, ordinary profit of JPY 350 million, net profit of JPY 350 million, and earnings per share of JPY 13,569.57, for the fiscal year ending July 31, 2013. The Company lowered its full-year consolidated outlook for revenue mainly due to the decrease in sales of electronic parts and semiconductor manufacturing devices.

Fagerhult AB Acquires I-Valo Oy

Tuesday, 11 Jun 2013 09:01am EDT

Fagerhult AB announced that in order to further strengthen the Fagerhult group position in the European lighting market as well as adding a complementary product range, the Company has acquired 100% of the shares of I-Valo Oy based in Iittala, Finland. The acquisition is expected to have a positive effect on the earnings per share during 2013 and forward. Valo has 60 employees and manufactures lighting fixtures and solutions primarily for industrial applications located in very demanding conditions. Fagerhult pays a price of EUR 9 million on a cash and debt free basis, for 100% of the shares in I-Valo.

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Analyst Research

Report Title Price
PGEM.N - Event Transcript of Ply Gem Holdings Inc conference call, Oct. 11, 2006 / 11:00AM ET
Provider: Thomson Reuters StreetEvents
$75.00
Buy
ALUMASC - WEAKNESS NOT JUSTIFIED
Provider: Edison Investment Research
$10.00
Buy
LATCHWAYS - ON THE WATCH LIST
Provider: Edison Investment Research
$10.00
Buy
Nam Lee Pressed Metal Industries Limited: Summary Due Dilligence Report
Provider: SADIF-Investment Analytics, S.A.
$115.00
Buy
Color Imaging, Inc. (CIIG) - Financial Analysis Review
Provider: GlobalData
$125.00
Buy

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