Consumer Electronics
Nanjing Panda Electronics Co Ltd Completes Share Issuance through Private Placement
Nanjing Panda Electronics Co Ltd announced that it has completed the issuance of 258,823,529 A shares with par value RMB 1 per share at RMB 5.10 per share (RMB 1,319,999,997.90 in total), through private placement to nine companies. China Securities served as the main underwriter. As a result, Panda Electronics Group has its stake in the Company decreased from 51.10% (334,715,000 shares) to 36.63% (334,715,000 shares), a Hong Kong-based company has its stake decreased from 36.75% (240,711,599 shares) to 26.34% (240,711,599 shares), a Nanjing-based investment partnership is holding a 5.58% stake (51,000,000 shares), a Nanjing-based information industry group company is holding a 4.29% stake (39,215,686 shares), a Jiangsu-based investment company is holding a 3.83% stake (35,000,000 shares) and Caitong Fund Management Co., Ltd. is holding a 3.28% stake (30,000,000 shares). The proceeds will be used for investment in automation equipment, communication equipment, transport electronic equipment industrialization projects and development center project.
JSJS Designs Plc Comments On H2 2013, FY 2014 Earnings Guidance-DJ
Dow Jones reported that JSJS Designs Plc said it expects improvements in the second half of 2013 and profitability in fiscal 2014.
Sharp Corp to Establish Joint Venture with China Electronics Corporation
Sharp Corp announced that it will establish a joint venture with China Electronics Corporation in March 2014. The joint venture capitalized at RMB 17.5 billion will be engaged in the design, manufacture and sale of thin film transistor (TFT)-liquid crystal display (LCD) panels, color filters and liquid crystal modules in Jiangsu, China. Sharp Corp and China Electronics Corporation will hold an 8% and a 92% stake in the joint venture respectively. The joint venture will start operation in April 2014.
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+246.24Analyst Research
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Provider: Renaissance Capital
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Provider: Renaissance Capital
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$92.00
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Provider: Renaissance Capital
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$92.00
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Provider: Renaissance Capital
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$92.00
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Provider: Renaissance Capital
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$92.00
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