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Research - GeoResearch

Friday, October 31, 2014

58.com Inc. Ameri (WUBA)

Corporate Governance
BEIJING, Oct. 31, 2014 /PRNewswire/ -- 58.com Inc. (WUBA) ("58.com"), China's largest online marketplace serving local merchants and consumers, today announced the appointment of Mr. Frank Lin as the chairman of the nominating and corporate governance committee and the resignation of Mr. Jinbo Yao from his post as a member of the nominating and corporate governance committee. The Board reviewed the…

Ata Inc. (ATAI)

Acquisitions
BEIJING, CHINA--(Marketwired - Oct 31, 2014) - ATA Inc. ("ATA" or the "Company") (NASDAQ: ATAI), a leading provider of advanced testing technologies and testing-related services in China, today announced the Company has entered into an agreement to make a strategic investment in Master Mind Education ("Master Mind"), a provider of digitized services to K-12 after-school tutoring institutions in China. This follows…

Chc Group Ltd. Or (HELI)

Notable Share Transactions
NEW YORK--(BUSINESS WIRE)-- Clayton, Dubilier & Rice (CD&R) has completed the first stage of CD&R’s investment in CHC Group Ltd. (HELI) through the purchase of 116,000 convertible preferred shares in a private placement for a price of $116 million, consistent with terms of an investment agreement that CHC and CD&R entered into on Aug. 21…

China Sunergy Co. (CSUN)

Investor Alert
NANJING, China, October 31, 2014 /PRNewswire/ -- China Sunergy Co., Ltd. (NASDAQ: CSUN) ("China Sunergy" or "the Company"), a specialized solar cell and module manufacturer, today announced China Electric Equipment Group Co., Ltd. ("CEEG"), one of the Company's related parties, failed to perform its payment obligations to the Company on time under the Share Transfer Agreement (as defined…

Entertainment Gam (EGT)

Notable Share Transactions
HONG KONG, Oct. 30, 2014 /PRNewswire/ -- Entertainment Gaming Asia Inc. (NASDAQ: EGT) ("Entertainment Gaming Asia" or "the Company"), a gaming company focused on emerging gaming markets in Pan-Asia, announced today the commencement of its previously announced common stock rights offering to its stockholders. Under the terms of the rights offering, the Company will distribute at no charge to the holders of its common stock on September 15,…

Gain Capital Hold (GCAP)

Acquisition Activity
BEDMINSTER, N.J., Oct. 31, 2014 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP, "GAIN"), today announced that it has entered into a definitive agreement to acquire City Index (Holdings) Limited ("City Index"), a leading online trading firm specializing in contracts-for-difference (CFDs), forex and UK spread betting, for approximately $118 million1, or a net purchase price of…

Comments & Business Outlook
Prliminary Third Quarter 2014 Results: Q3 revenue of $102.8 million vs $60.8 million in the prior year Non-GAAP EPS of $0.37 vs $0.18 in the prior year…

General Steel Hol (GSI)

Investor Alert
BEIJING, October 31, 2014 /PRNewswire/ -- General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), a leading non-state-owned steel producer in China, announced today that the New York Stock Exchange (the "NYSE") has notified the Company that it has fallen below the NYSE's continued listing standard that requires a minimum average closing price of $1.00 per share over a 30…

Highpower Interna (HPJ)

Comments & Business Outlook
SAN FRANCISCO and SHENZHEN, China, Oct. 31, 2014 /PRNewswire/ -- Highpower International, Inc. ("Highpower International" or "the Company") (NASDAQ: HPJ), a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and a battery management systems and battery recycling provider, today announced that the Company's wholly-owned subsidiary, Icon Energy System Co. Ltd. ("…

Ivanhoe Energy I (IVAN)

Comments & Business Outlook
Third Quarter 2014 Financial Results No Revenues Net loss per share, from continuing operations basic and diluted was ($5.70) vs. last years same quarter of (0.93)…

Neostem Inc. (NBS)

Comments & Business Outlook
Third Quarter of 2014 Financial Results Total revenue for the three months ended September 30, 2014 was $4.1 million, up 11% percent from $3.7 million for the prior year period. Basic and diluted loss per share attributable to NeoStem, Inc. was (0.48) vs last years same quarter of (0.45). "We look forward to reaching these important clinical milestones in our ischemic repair and targeted cancer…

Sunrise Mining Co (SUIP)

Comments & Business Outlook
NEW YORK, NY--(Marketwired - Oct 30, 2014) - Sunrise Holdings, Limited, a Nevada company in the medical device business (OTCQB: SUIP), has entered into a licensing agreement, via its subsidiary Efil Sub of ECG Inc., with Life Medical Technologies, Inc. with respect to Life Medical's "BreastCare DTS� device" and certain other derivative technologies. The License Agreement grants…

Tor Minerals Inte (TORM)

Comments & Business Outlook
Third Quarter 2014 Results Q3 2014 revenues of $11.3 million vs $10.8 million in the prior year Q3 2014 EPS of $0.09 vs $0.03 in the prior year "Our Specialty Alumina business continues to post double-digit year-over-year growth, up 21 percent for the quarter and 27 percent year to date. Combined with the strength of our Barium Sulfate and other product groups, we were able to more than offset…


Thursday, October 30, 2014

Advanced Semicond (ASX)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenues[1] of NT$66,632 million for the third quarter of 2014 (3Q14), up by 17% year-over-year and up by 14% sequentially. Diluted earnings per share for the quarter were NT$0.82 (or US$0.137 per ADS), compared to diluted earnings per share of NT$0.57 for 3Q13 and NT$0.64 for 2Q14. OUTLOOK…

Baidu Inc. (BIDU)

Comments & Business Outlook
Third Quarter 2014 Finanncial Results Total revenues in the third quarter of 2014 were RMB13.520 billion ($2.203 billion), a 52.0% increase from the corresponding period in 2013. Basic and diluted earnings per ADS excluding share-based compensation expenses (non-GAAP) for the third quarter of 2014 amounted to RMB11.72 ($1.91) and RMB11.67 ($1.90), respectively. "We had another very strong…

Canadian Solar In (CSIQ)

Contract Awards
GUELPH, Ontario, Oct. 30, 2014 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (CSIQ), one of the world's largest solar power companies, today announced that it completed the supply of 3.1 MW of CS6X-300P modules to a solar photovoltaic (PV) project in Tipitapa, Nicaragua. This PV plant, entitled Planta Solar Zona Franca Astro Nicaragua, will power 26 companies and…

China Petroleum & (SNP)

Comments & Business Outlook
Third Quarter Results 2014 Financial Results Revenues was RMB 2,115.6 billion for the first three quarters of 2014, down 1.13% over the same period of last year. .Basic earnings per share for the first three quarters were RMB 0.444 while third quarter basic earnings per share were RMB 0.165…

Issuer Direct Cor (ISDR)

Acquisition Activity
MORRISVILLE, NC / ACCESSWIRE / October 30, 2014 / Issuer Direct Corporation (the "Company") (NYSE MKT: ISDR), a market leader and innovator of disclosure management solutions and cloud-based compliance technologies, today announced that it has closed its acquisition of Accesswire, a leading newswire upstart. Through this acquisition, Issuer Direct is now one of the industry's fastest growing newswires. The acquisition has significantly bolstered the Company's disclosure management platform…

Kandi Technologie (KNDI)

Comments & Business Outlook
JINHUA, China, Oct. 30, 2014 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (KNDI), today announced that the Car-Share Program is expected to be launched in Chengdu with the delivery of 1,000 Kandi brand electric vehicles before the year-end. Chengdu is the provincial capital of Sichuan province in Southwest China with over 14 million inhabitants. Being one of the most important centers…

Orient Paper Inc (ONP)

Investor Alert
BAODING, China, Oct. 30, 2014 /PRNewswire/ -- Orient Paper, Inc. (NYSE MKT: ONP) ("Orient Paper" or the "Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced that it will temporarily suspend manufacturing operations for the period October 30 through November 12, 2014, in accordance with an executive mandate from the Baoding city government. Among other activities, the mandate…

Wuxi Pharmatech ( (WX)

Joint Venture
SHANGHAI, October 30, 2014 /PRNewswire/ -- WuXi PharmaTech (Cayman) Inc. (NYSE: WX), a leading open-access R&D capability and technology platform company serving the pharmaceutical, biotechnology, and medical device industries, with operations in China and the United States, today announced the establishment of a representative office in the Tel Aviv area of Israel. The new office will promote WuXi's broad platform of integrated R&D services…

Youku Tudou Inc. (YOKU)

Joint Venture
BEIJING, October 30, 2014 /PRNewswire/ -- Youku Tudou Inc. (NYSE: YOKU), China's leading Internet television company ("Youku Tudou"), and Alibaba Group (NYSE: BABA) today announced that the two companies will work together to drive the adoption of big data in marketing in China. Alibaba Group's online marketing technology platform, Alimama, will use its data and technology to support innovative online video marketing techniques, i.e…


Wednesday, October 29, 2014

Aberdeen Greater (GCH)

Notable Share Transactions
PHILADELPHIA, Oct. 28, 2014 /PRNewswire/ -- Aberdeen Greater China Fund, Inc. (GCH) (the "Fund"), a closed-end equity fund, announced today that the Fund's Board of Directors has approved a share repurchase program. The share repurchase program authorizes management to make open market purchases, from time to time, in a maximum aggregate amount of up to 5% of the Fund's outstanding shares, determined on October…

Chineseinvestors. (CIIX)

Comments & Business Outlook
DENVER, Oct. 29, 2014 /PRNewswire/ -- ChineseInvestors.COM (OTCQB 'CIIX') was pleased with its first quarter results in generating a comprehensive profit of $147,501 on revenues of $644,787. This represents a substantial improvement over the first quarter of FY 2014 that saw revenues of $525,011 and a comprehensive loss of ($5,842). Mr. Warren Wang, Chairman and Chief…

Chunghwa Telecom (CHT)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total revenue decreased by 1.0% to NT$56.14 billion Basic earnings per share (EPS) was NT$1.25 Dr. Rick L. Tsai, Chairman and CEO of Chunghwa Telecom stated, "In the third quarter, we witnessed a ramp up of 4G services throughout the Taiwanese telecom market. In the most recent two months, we saw acceleration in the number of average daily 4G subscribers. We are working…

Cnooc Limited Com (CEO)

Comments & Business Outlook
HONG KONG, Oct. 29, 2014 /PRNewswire/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) today announced its key operational statistics for the third quarter of 2014. In the third quarter, the Company achieved total net production of 103.0 million barrels of oil equivalent ("BOE"), basically flat year-on-year (YoY). Production growth in Bohai offshore China remained steady,…

Jinkosolar Holdin (JKS)

Contract Awards
SHANGHAI, October 29, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will supply 19 MW of solar modules for a PV project in Chile. The project is located in Chile's Atacama Desert region which has one of the highest irradiation levels in the world. The 19 MW solar…

Nf Energy Saving (NFEC)

Comments & Business Outlook
SHENYANG, China, October 29, 2014 /PRNewswire/ -- NF Energy Saving Corporation (NFEC) ("NF Energy" or the "Company"), a leading energy saving services and solutions provider for China's power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries, today announced that the Company established the new marketing channel. On 19, October 2014, NF Energy held a brand promoting activity with seven manufacturers related to…

Nq Mobile Inc. Am (NQ)

Joint Venture
DALLAS and BEIJING, Oct. 29, 2014 /PRNewswire/ -- NQ Mobile (NQ), a leading global provider of mobile Internet services, announced today that it has signed a reseller agreement with SoftBank Commerce & Service Corp. (SoftBank C&S). The deal enables partners of SoftBank C&S to sell NQSky, one of the most complete, secure platforms for enterprise mobile management, to corporate clients in Japan. The deal is…

Solar Power Inc. (SOPW)

Acquisitions
ROSEVILLE, Calif.--(BUSINESS WIRE)--Solar Power, Inc. (“SPI” or “SPI Solar”) (OTCBB: SOPW), a vertically-integrated photovoltaic solar developer, today announced that its wholly owned subsidiary, Xinwei Solar Power Engineering (Suzhou) Co., Ltd., (“Xinwei Solar”) has entered into a framework purchase agreement for the acquisition of a 100%…

United Microelect (UMC)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenue: NT$35.21 billion (US$1.16 billion) up 5.4% Earnings per share: NT$0.23; earnings per ADS: US$0.038 vs. last years NT$0.28 and US$0.046 Mr. Po-Wen Yen, CEO of UMC, said, "In the third quarter, our foundry revenue grew 2.9% sequentially to NT$33.51 billion. Foundry operating margin was 8…

Utstarcom Holding (UTSI)

Comments & Business Outlook
HONG KONG, Oct. 29, 2014 (GLOBE NEWSWIRE) -- UTStarcom ("UTStarcom" or "the Company") (Nasdaq:UTSI), a global telecommunications infrastructure provider, today announced that its partner, aioTV, has received a second critical patent from the U.S. Patent and Trademark Office. The patent covers, among other things, methods and systems for delivering video content from multiple platforms to subscribers. This announcement comes just a few…

Zoom Technologies (ZOOM)

Auditor trail
Item 4.01 Change in Registrant's Certifying Accountant. On October 27, 2014, Marcum Bernstein & Pinchuk LLP ("Marcum") notified Zoom Technologies, Inc. (the "Company") that it has resigned as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2014, effective immediately. The Audit Committee of the Board of Directors of the Company approved the resignation. Marcum was engaged as…


Tuesday, October 28, 2014

Cemtrex (CTEI)

Comments & Business Outlook
FARMINGDALE, N.Y., Oct. 28, 2014 /PRNewswire/ -- Cemtrex, Inc. (www.cemtrex.com) today announced that the company has received new orders in excess of $3 million across its two business divisions: Environmental Technologies and Electronics Manufacturing. Deliveries of the ordered products are expected to begin in the fiscal first quarter of 2015 and finishing by the fourth quarter of fiscal 2015…

Cleantech Solutio (CLNT)

Comments & Business Outlook
WUXI, China, Oct. 28, 2014 /PRNewswire/ -- Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company") (CLNT), a manufacturer of metal components and assemblies used in various clean technology and manufacturing industries and textile dyeing and finishing machines, today announced that today announced that the Company recently received two new patents. The patents (Patent Nos. ZL 2013 1 0004772.8 and ZL 2013 1 004736.1)…

Nova Lifestyle I (NVFY)

Contract Awards
LOS ANGELES, Oct. 28, 2014 /PRNewswire/ -- Nova LifeStyle, Inc. (NVFY), a U.S.-based fast growing, innovative designer, manufacturer and distributor of modern LifeStyle furniture, today announced new purchase orders from Nebraska Furniture Mart, an Omaha-based subsidiary of Berkshire Hathaway Inc., for their Grandscape project in Dallas, Texas. "These purchase orders are the latest in a series of recently announced business developments and we are…

Nq Mobile Inc. Am (NQ)

Going Private News
DALLAS and BEIJING, October 28, 2014 /PRNewswire/ -- NQ Mobile Inc. (NYSE: NQ) ("NQ Mobile" or the "Company"), a leading global provider of mobile Internet services, today announced that its Board of Directors (the "Board") had the opportunity to explore numerous strategic options. After careful consideration, the Board has decided that NQ Mobile will be best positioned to maximize value to its shareholders as a public…

Perfect World Co. (PWRD)

Restructuring Activity
BEIJING, October 28, 2014 /PRNewswire/ -- Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator based in China, today announced its restructuring of R&D teams under which five new subsidiaries have been formed. The structure of forming new subsidiaries that are majority-owned by Perfect World is aimed to help attract and motivate top talent by granting them…

Shanda Games Limi (GAME)

Comments & Business Outlook
HONG KONG, October 28, 2014 /PRNewswire/ -- Shanda Games Limited ("Shanda Games," or the "Company") (NASDAQ: GAME), a leading online game developer, operator and publisher in China, today announced that Mr. Xiangdong Zhang has stepped down as CEO of the Company and has been removed from the Board of Directors and the Compensation Committee and the Corporate Development and Finance Committee with immediate effect. Mr. Yingfeng Zhang has…

Youku Tudou Inc. (YOKU)

Joint Venture
BEIJING, October 28, 2014 /PRNewswire/ -- Endemol, a world leader in multiplatform entertainment, today announced it is partnering with China's leading digital video platform Youku Tudou Inc. to launch the first ever Chinese version of global reality hit Big Brother. The new series will be a collaboration between Youku Tudou Inc. and Endemol China. Both parties will contribute their strengths to the co-operation, including Youku's strong digital platforms, its advertising and interactive…


Monday, October 27, 2014

6d Global Technol (SIXD)

Auditor trail
Item 4.01 Changes in Registrant’s Certifying Accountant. On October 22, 2014, 6D Global Technologies, Inc. (the “Company”), with the approval of the Audit Committee of the board of directors, engaged BDO USA, LLP (“BDO”) as the Company’s new independent registered public accounting firm. As previously disclosed in the Company's Current Report filed on Form…

China Digital Tv (STV)

Restructuring Activity
BEIJING, Oct. 27, 2014 /PRNewswire/ -- China Digital TV Holding Co., Ltd. (STV) ("China Digital TV" or the "Company"), the leading provider of conditional access ("CA") systems and comprehensive services to China's digital television market, today provided more details on its asset restructuring (the "Restructuring"), as referred to in the press releases dated June 13, 2014 and October 9,…

China Green Agric (CGA)

Joint Venture
XI'AN, China, Oct. 27, 2014 /PRNewswire/ -- China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture", "we" or the "Company"), a company that mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its subsidiaries in China, today announced that one of the Company's wholly-owned subsidiaries organized under the laws of the PRC, Shaanxi…

China Information (CNIT)

Comments & Business Outlook
SHENZHEN, China, October 27, 2014 /PRNewswire/ -- China Information Technology, Inc. (the "Company") (Nasdaq GS: CNIT), a leading provider of cloud-based software as service for the Chinese new media industry, today announced that it has entered into a strategic partnership with Tianjin Pengfeng Investment Co., Ltd. ("Pengfeng") to jointly establish an automobile new media platform. According to the agreement, CNIT will…

China Shengda Pac (CPGI)

Investor Alert
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On October 23, 2014, China Shengda Packaging Group, Inc. (the "Company") received notification from the NASDAQ Listing Qualifications Department of the NASDAQ Stock Market ("NASDAQ") that the Company's application to list its common stock on The NASDAQ Capital Market has been approved, and that the Company's securities are transferred from The NASDAQ…

Concord Medical S (CCM)

Comments & Business Outlook
BEIJING, Oct. 27, 2014 /PRNewswire/ -- Concord Medical Services Holdings Limited ("Concord Medical" or the "Company") (NYSE: CCM), an operator of specialty cancer hospitals and the largest network of radiotherapy and diagnostic imaging centers in China, today announced that the Company has received relevant government approvals to establish a free-standing radiotherapy cancer center, Datong Meizhong Jiahe Cancer Center ("Datong Center") in Datong City, Shanxi Province…

Nq Mobile Inc. Am (NQ)

Comments & Business Outlook
NQ MOBILE INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (In thousands, except for share and per share data) > Management Discussion and Analysis Net Revenues. Our total net revenues increased by 114.3% from US$91.8 million in 2012 to US$196.7 million in 2013, primarily due to the increase in net revenues from mobile valued added services and, to…

Semiconductor Ma (SMI)

Joint Venture
SHANGHAI, Oct. 27, 2014 /PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) the largest and most advanced pure-play foundry provider in China, and ASML Holding N.V. ("ASML"), the world's leading provider of lithography systems, announce the signing of a volume purchase agreement (VPA) that will provide SMIC with lithography systems from ASML. The VPA which is worth…

Siliconware Preci (SPIL)

Comments & Business Outlook
Third Quarter 2014 Financial Results Sales revenues for the third quarter of 2014 were NT$ 21,652 million, which represented a 1.3% decline in revenues compared to the second quarter of 2014 and a 13.4% growth in revenues compared to the third quarter of 2013. Diluted earnings per ordinary share for this quarter was NT$ 1.04, and diluted earnings per ADS was US$ 0.17…

Sinocoking Coal A (SCOK)

Comments & Business Outlook
PINGDINGSHAN, China, Oct. 27, 2014 (GLOBE NEWSWIRE) -- SinoCoking Coal and Coke Chemical Industries, Inc. (Nasdaq:SCOK), an emerging producer of clean energy products located in Henan Province, today announced that it had commenced construction of its underground coal gasification (UCG) facility for the production of clean-burning syngas. Located in Pingdingshan, the UCG facility will be the first in China to incorporate carbon capture and store (CCS) technology,…

Sunrise Mining Co (SUIP)

Deal Flow
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION. In connection with the entry into the License Agreement described in Item 8 below, the Company borrowed CAD $79,106 (the “Loan”) from an Ontario corporation owned in equal thirds by John Bentivoglio, Nicholas Bozza and Frank Sgro, all of whom are affiliates of the Company. The Loan is to be repaid on December 1, 2015, together with interest at the rate of 12…

Vimicro Internati (VIMC)

Comments & Business Outlook
BEIJING, October 27, 2014 /PRNewswire/ -- Vimicro International Corporation (NASDAQ: VIMC) ("Vimicro" or the "Company"), a leading video surveillance technology and solution provider in China, today announced that it will participate in the 2014 China International Exhibition on Public Safety and Security to be held at Beijing International Exhibition Centre from October 28 to 31. The Company's full product line will be showcased at booth number E2C67 in Exhibition Hall E2…


Friday, October 24, 2014

Aoxing Pharmaceut (AXN)

Investor Alert
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard As previously reported, the Registrant has received notice from NYSE MKT LLC that, based upon the financial statements contained in Aoxing Pharma’s Annual Report on Form 10-K for the year ended June 30, 2013 and its Quarterly Reports on Form 10-Q for the periods ended September 30, 2013 and December 31, 2013, Aoxing Pharma is not in compliance with the…

Aoxing Pharmaceuticals Co (CAXGD)

Investor Alert
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard As previously reported, the Registrant has received notice from NYSE MKT LLC that, based upon the financial statements contained in Aoxing Pharma’s Annual Report on Form 10-K for the year ended June 30, 2013 and its Quarterly Reports on Form 10-Q for the periods ended September 30, 2013 and December 31, 2013, Aoxing Pharma is not in compliance with the…

Entertainment Gam (EGT)

Deal Flow
>…

Igi Laboratories (IG)

Comments & Business Outlook
Third Quarter 2014 Results: Total revenues of $6.7 million in the third quarter of 2014, an increase of 67% over the same quarter in 2013 of $4.0 million. Q3 2014 EPS of $0.00 vs $0.00 in the prior year and ahead of analyst estimates of a loss of $0.01. IGI's President and Chief Executive Officer, Jason Grenfell-Gardner, stated, "At the beginning of 2014,…

Intl Packaging & (IPLO)

Acquisition Activity
Item 2.01 Acquisition or Disposition of Assets On October 1, 2014, International Packaging and Logistics Group, Inc. (“IPLO”) and it’s wholly owned subsidiary IPLO Holdings, Inc. (“IPII”) executed an Agreement and Plan of Merger whereby IPII will acquire all of the outstanding Stock of Idea Ventures, Inc, a Delaware corporation. The terms of the acquisition includes a payment on approximately…

New Oriental Educ (EDU)

Comments & Business Outlook
First Quarter 2015 Financial Results Total net revenues increased by 1.4% year-over-year to US$394.0 million for the first fiscal quarter of 2015, reflecting a number of previously disclosed headwinds during the start of the fiscal year. Net Income Per Share Basic and Diluted was US$0.71 vs. last years same quarter of US$0.82. Update on Strategic Initiatives and Go-Forward Growth Strategy During the last five years, New Oriental'…

Solar Power Inc. (SOPW)

Comments & Business Outlook
ROSEVILLE, Calif.--(BUSINESS WIRE)-- Solar Power, Inc. (SPI or SPI Solar) (OTCBB: SOPW), a vertically-integrated photovoltaic solar developer, today announced that its wholly owned subsidiary, SPI Solar Power Suzhou Co., Ltd. (SPI Meitai Suzhou) has entered into a framework purchase agreement with ZhongNeng GuoDian New Energy Development and Investment Jiangsu Co., Ltd. (ZhongNeng New Energy�, with the intention…

Wuxi Pharmatech ( (WX)

Hot Bio-Tech News
SHANGHAI, October 24, 2014 /PRNewswire/ -- WuXi PharmaTech (Cayman) Inc. (NYSE: WX), a leading pharmaceutical, biotechnology, and medical device R&D services company with operations in China and the United States, today congratulates its partner TaiMed Biologics for receiving the Orphan Drug Designation from U.S. FDA for ibalizumab, a humanized monoclonal antibody for the treatment of HIV/AIDS infection. This is a significant milestone that brings ibalizumab one step…


Thursday, October 23, 2014

Agria Corporation (GRO)

Comments & Business Outlook
AGRIA CORPORATION CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the years ended June 30, 2013 and June 30, 2014 > Management Discussion and Analysis Revenue Our revenue increased by 9% from $940.2 million in the year ended June 30, 2013 to $1,023.6 million in the year ended June 30, 2014. Seed and grain revenue increased by 3% from $375.1 million…

Biostar Pharmaceu (BSPM)

Auditor trail
Item 4.01 Change in Registrant’s Certifying Accountant Resignation of Clement C.W. Chan & Co. On October 19, 2014, Clement C.W. Chan & Co. tendered its resignation as Biostar Pharmaceuticals, Inc.’s independent registered public accounting firm (“Clement”). Clement’s resignation will be effective as of November 15, 2014, following the Company’s filing…

Empire Global Cor (EMGL)

Comments & Business Outlook
Empire Global Corp. is furnishing certain financial information regarding its business, including the following events that occurred subsequent to June 30, 2014: The Company received $2,669,000 in gross proceeds in a private placement from an accredited investor. The Company prepaid the amounts due on the Promissory Note obligation of CAD$ 85,000.00 plus interest that was due on October 31, 2014. The prepayment of this financing resulted in a reduction of (i)…

General Steel Hol (GSI)

Deal Flow
BEIJING, October 23, 2014 /PR Newswire/ -- General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), a leading non-state-owned steel producer in China, today announced that the Company has received Renminbi equivalent of $7,500,000 in gross proceeds in connection with its previously announced private placement (the "Private Placement") with Henry Yu (the "Investor"), the Company'…

Gigamedia Limited (GIGM)

Comments & Business Outlook
Third-Quarter 2014 Financial Results Consolidated revenues for the third quarter of 2014 were $2.5 million, flat compared to $2.5 million in the second quarter of 2014 and down from $3.8 million in the third quarter of 2013. Net Loss Per Share was $0.09 vs. last years loss of $0.06 "In Q3, revenues were flat reflecting portfolio and business model weaknesses in our online games business," stated GigaMedia…

Montage Technolog (MONT)

Investor Alert
SHANGHAI, China, Oct. 23, 2014 (GLOBE NEWSWIRE) -- Montage Technology Group Limited (MONT) ("Montage" or the "Company"), a global fabless provider of analog and mixed-signal semiconductor solutions addressing the home entertainment and cloud computing markets, today announced that on October 21, 2014, the Company received a letter from The NASDAQ Stock Market LLC ("NASDAQ") indicating that, pursuant to…

Semiconductor Ma (SMI)

Comments & Business Outlook
SHANGHAI, Oct. 23, 2014 /PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC", NYSE: SMI, SEHK: 981) and Maxscend Technologies Inc., a RF IP company based in China, announced that Maxscend Bluetooth RF IP has been silicon proven on SMIC's 55nm Low Leakage (LL) logic process. This IP has now been integrated into one of SMIC customers' product tape-out. The…

Solar Power Inc. (SOPW)

Comments & Business Outlook
ROSEVILLE, Calif.--(BUSINESS WIRE)-- Solar Power, Inc. (“SPI” or “SPI Solar”) (OTCBB: SOPW), a vertically-integrated photovoltaic, or PV, developer, today announced that its wholly owned subsidiary, SPI Solar Power Suzhou Co., Ltd. (“SPI Meitai Suzhou”), has entered into several…

Sutor Technology (SUTR)

Auditor trail
Item 4.01 Change in Registrant’s Certifying Accountant. (a) Dismissal of Previous Independent Registered Public Accounting Firm. i. Effective October 17, 2014, the Audit Committee of the Board of Directors (the “Audit Committee”) of Sutor Technology Group Limited (the “Company”) approved the dismissal of Grant Thornton, the China member firm of Grant Thornton International (“Grant Thornton&…

Tianyin Pharmaceu (TPI)

Hot Bio-Tech News
CHENGDU, China, October 23, 2014 /PRNewswire/ -- Tianyin Pharmaceutical Co., Inc. (NYSE Amex: TPI), a pharmaceutical company that specializes in patented biopharmaceutical, modernized traditional Chinese medicine (mTCM), branded generics and active pharmaceutical ingredients (API) today updates that its Qionglai Facility (QLF) Good Manufacturing Practice (GMP) certification by the China Food & Drug Administration's (CFDA) is on schedule. The Company forecasts…

Vimicro Internati (VIMC)

Contract Awards
BEIJING, October 23, 2014 /PRNewswire/ -- Vimicro International Corporation (NASDAQ: VIMC) ("Vimicro" or the "Company"), a leading video surveillance technology and solution provider in China, today announced that its joint venture, Shanxi Zhongtianxin Science and Technology Co. Ltd. ("Zhongtianxin"), won a competitive bid to provide SVAC-compliant video surveillance cameras and system to Chenzhou Municipal Government in Hunan Province on October 22, 2014,…


Wednesday, October 22, 2014

China Auto Logist (CALI)

Investor Alert
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On October 16, 2014, China Auto Logistics Inc. (the “Company”) received notification from the Nasdaq Listings Qualification Department (“Nasdaq”) that for the previous 30 consecutive business days, the market value of publicly held shares (“MVPHS”) of the Company’…

Legal Insights
TIANJIN, CHINA--(Marketwired - Oct 22, 2014) - China Auto Logistics Inc. (the "Company" or "CALI") (NASDAQ: CALI), a top seller in China of luxury imported automobiles and a leading provider of auto-related services, reported it has received notification from the Nasdaq Listing Qualifications Department ("Nasdaq") that it is not in full compliance with listing requirements for the Nasdaq Global Market because the market value of…

China Mobile Game (CMGE)

Comments & Business Outlook
HONG KONG, Oct. 22, 2014 (GLOBE NEWSWIRE) -- China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (CMGE), the largest publisher and a leading developer of mobile games in China, today announced that it has been authorized to develop mobile games based on twelve famous Sanrio characters including HELLO KITTY. HELLO KITTY was created in 1974 and has become the best known character…

China Zenix Auto (ZX)

Comments & Business Outlook
ZHANGZHOU, China, October 22, 2014 /PRNewswire/ -- China Zenix Auto International Limited (NYSE: ZX) ("Zenix Auto" or "the Company"), the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sales volume, announced today that it is developing a new model of aluminum wheel designed for the Yutong Bus Co., Ltd.'s ("Yutong") new energy bus. Zenix…

Cnooc Limited Com (CEO)

Comments & Business Outlook
HONG KONG, Oct. 22, 2014 /PRNewswire/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced a large-sized deepwater gas discovery Leopard offshore Gabon, West Africa. The well Leopard-1 is located in license BCD10, around 145 kilometers from the Gabonese coast. The well was drilled at a total depth of 5,063 meters with a water depth…

Highpower Interna (HPJ)

Comments & Business Outlook
SAN FRANCISCO and SHENZHEN, China, Oct. 22, 2014 /PRNewswire/ -- Highpower International, Inc. ("Highpower International" or "the Company") (NASDAQ: HPJ), a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and a battery management systems and battery recycling provider, today announced that the Company has successfully delivered an advanced electric vehicle ("EV") battery system to…

Himax Technologie (HIMX)

Comments & Business Outlook
TAINAN, Taiwan, Oct. 21, 2014 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq:HIMX) ("Himax" or "Company"), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that Google Inc. has decided not to exercise its previously issued purchase option to make an additional investment into Himax's subsidiary, Himax Display Inc. ("HDI"). Himax has been authorized by…

Jinpan Internatio (JST)

Going Private News
CARLSTADT, N.J., Oct. 22, 2014 /PRNewswire/ -- Jinpan International Limited (Nasdaq: JST), a leading designer, manufacturer, and distributor of cast resin transformers, today announced that its special committee of the Company's Board of Directors (the "Special Committee") has retained Gibson, Dunn & Crutcher LLP as its legal counsel. As previously announced, the Company's Board of Directors formed the Special Committee…

Le Gaga Holdings (GAGA)

Going Private News
HONG KONG, Oct. 22, 2014 (GLOBE NEWSWIRE) -- Le Gaga Holdings Limited (GAGA) ("Le Gaga" or the "Company"), a leading greenhouse vegetable producer in China, today announced that at an extraordinary general meeting held today, the Company's shareholders voted in favor of the proposal to approve the previously announced agreement and plan of merger dated as of July 30, 2014 (the "merger…

Mastech Holdings (MHH)

Comments & Business Outlook
Third Quarter 2014 Results Revenues from continuing operations for the third quarter of 2014 totaled $28.6 million vs $28.2 million in the prior year period. Consolidated net income from continuing operations for the third quarter 2014 totaled $879,000 or $0.20 per diluted share, which was in-line with last quarter's performance and compared to $999,000 or $0.23 per diluted share during the same period last year. Demand…

Pingtan Marine En (PME)

Comments & Business Outlook
FUZHOU, China, Oct. 22, 2014 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (PME), ("Pingtan," or the "Company") a global fishing company based in the People's Republic of China (PRC), today announced the recent delivery of 3 newly-built fishing vessels, which were initially ordered by the Company in October 2012. Each of these vessels is capable of harvesting about 2000 tons annually, and the…

Super Micro Compu (SMCI)

Comments & Business Outlook
First Quarter 2015 Results Quarterly net sales of $443.3 million, up 3.6% from the fourth quarter of fiscal year 2014 and up 43.5% from the same quarter of last year. non-GAAP net income for the first quarter was $23.2 million, or $0.46 per diluted share, compared to non-GAAP net income of $9.9 million, or $0.22 per diluted share, in the same quarter of…

Techprecision Cor (TPCS)

Investor Alert
Item 8.01 Other Events. On October 6, 2014, GT Advanced Technologies, Inc. (“GTAT”), together with certain of its direct and indirect subsidiaries, commenced voluntary cases under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Hampshire. GTAT’s bankruptcy filing causes an automatic stay in any arbitration proceedings in which GTAT is involved, including the arbitration proceeding with Ranor,…

Wuxi Pharmatech ( (WX)

Joint Venture
CAMBRIDGE, Mass. and SHANGHAI, Oct. 22, 2014 /PRNewswire/-- Foundation Medicine, Inc. (NASDAQ:FMI) and WuXi PharmaTech (Cayman) Inc. (NYSE: WX) today announced a collaboration to offer Foundation Medicine's comprehensive genomic profiling to biopharmaceutical companies conducting clinical trials in China. Under the terms of the collaboration, Foundation Medicine will license and enable WuXi to perform the laboratory component of Foundation Medicine's FoundationOne� assay…


Tuesday, October 21, 2014

Advanced Battery (ABAT)

Auditor trail
ITEM 4.01 Changes in Registrant’s Certifying Accountant On October 20, 2014 Advanced Battery Technologies, Inc. (the “Company”) dismissed EFP Rotenberg LLP from its position as the Company’s independent registered public accounting firm. The Audit Committee of the Company’s Board of Directors approved the dismissal. The Company engaged EFP Rotenberg LLP to serve as its independent registered public accounting firm in December 2010. EFP Rotenberg…

Agria Corporation (GRO)

Comments & Business Outlook
BEIJING, CHINA--(Marketwired - Oct 21, 2014) - Agria Corporation (NYSE: GRO) (the "Company" or "Agria"), a global agricultural company, today announced that its New Zealand-listed subsidiary, PGG Wrightson Limited (NZSE: PGW) ("PGW"), has confirmed that it believes it can increase Operating EBITDA1 for the current year and improve on the NZ$58.7 million Operating EBITDA achieved in the fiscal…

Au Optronics Corp (AUO)

Comments & Business Outlook
AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its participation at PV Taiwan 2014, to be held from October 22 to 24 at TWTC Exhibition Hall. AUO's solar solution brand, BenQ Solar, will showcase a series of light-weight and high-efficiency solar modules. A scalable energy storage system as well as total solar solutions for different kinds of solar power plants will also be introduced…

Ctrip.com Interna (CTRP)

Joint Venture
NORWALK, Conn. and SHANGHAI, Aug. 6, 2014 /PRNewswire/ -- The Priceline Group Inc. (NASDAQ: PCLN) and Ctrip.com International, Ltd. (NASDAQ: CTRP) today announced that the two companies have expanded an existing commercial agreement to strengthen their global partnership. In addition, The Priceline Group agreed to invest $500 million through a convertible bond and Ctrip has granted The Priceline Group permission to…

Exceed Company Lt (EDS)

Going Private News
BEIJING, Oct. 21, 2014 /PRNewswire/ -- Exceed Company Ltd. (EDS) ("Exceed" or the "Company"), one of the leading domestic sportswear brands in China, today announced that on October 20, 2014, it entered into an amendment (the "Merger Agreement Amendment") to the Agreement and Plan of Merger (the "Merger Agreement"), dated December 2, 2013,…

Solar Power Inc. (SOPW)

Notable Share Transactions
ROSEVILLE, Calif.--(BUSINESS WIRE)--SPI Solar (SPI) (OTCBB:SOPW), a vertically integrated photovoltaic solar developer, today announced the completion of its private placement of common stock for an aggregate $43.8 million, as announced on October 7, 2014. The private placement was led by Evergrande Real Estate Group (Evergrande)(3333.HK), one of the largest real estate developers in China and whose shares are listed on the Hong Kong Stock…

Tal Education Gro (XRS)

Comments & Business Outlook
Second Quarter 2014 Financial Results Net revenues increased by 33.1% year-over-year to US$122.4 million from US$92.0 million in the same period of the prior year. Basic and diluted net income per American Depositary Share ("ADS") were US$0.37 and US$0.34, respectively. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were US$0.42 and US$0.39,…

CFO Trail
Changes in Management and Board of Directors Effective November 1, 2014, Mr. Joseph Kauffman will step down as the Chief Financial Officer of TAL, a position he has held since June 2010. The Company appointed Mr. Kauffman as a director to its Board of Directors effective October 17, 2014 and Mr. Kauffman will continue to serve in his director role after stepping down as the Chief Financial Officer. The Board of Directors has appointed Mr. Rong Luo…

Tianyin Pharmaceu (TPI)

Investor Alert
Section 3 – Securities and Trading Markets Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On October 15, 2014, we received a notice from the NYSE MKT Staff indicating that the Company is below certain of the continued listing standards of the NYSE MKT (the “Exchange”) as set forth in Sections 134 and 1101 of the NYSE MKT Company Guide, due to…

Utstarcom Holding (UTSI)

Joint Venture
HONG KONG, Oct. 21, 2014 (GLOBE NEWSWIRE) -- UTStarcom ("UTStarcom" or "the Company") (UTSI), a global telecommunications infrastructure provider, today announced that the company has won an expansion of a contract originally awarded in 2013 to provide packet optical transport technology to Chunghwa Telecom Co., Ltd. ("Chunghwa" or "CHT"). Through this expanded contract, UTStarcom further strengthens…

Yingli Green Ener (YGE)

Comments & Business Outlook
BAODING, China and SAN FRANCISCO, October 21, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Solar"), the world's largest vertically integrated solar panel manufacturer, announced today that it has surpassed two gigawatts (GW) of cumulative solar panel deliveries in the Americas. The more than six million Yingli Solar panels delivered are now generating electricity for more than 85,000 solar projects across the region…


Monday, October 20, 2014

Canadian Solar In (CSIQ)

Comments & Business Outlook
GUELPH, Ontario, Oct. 20, 2014 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") CSIQ), one of the world's largest solar power companies, today announced that it will introduce a new, groundbreaking Diamond module at the upcoming Solar Power International (SPI) exhibition. The Diamond module, also known as the double module, utilizes heat-strengthened glass instead…

China Information (CNIT)

Contract Awards
SHENZHEN, China, October 20, 2014 /PRNewswire/ -- China Information Technology, Inc. (the "Company") (Nasdaq GS: CNIT), a leading provider of cloud-based software as service for the Chinese new media industry, today announced that it has signed a major contract to install 20,000 units of the Company's new media terminals on behalf of the Hunan provincial government. Reoccurring monthly revenue from each new media terminal is expected to range…

Dk Sinopharma Inc (DKSP)

Auditor trail
Item 4.01 Change in Registrant’s Certifying Accountant. As previously announced in our Current Report on Form 8-K dated April 8, 2011. On April 8, 2011, our company was notified that its principal independent accountant, MaloneBailey LLP (“MaloneBailey”), had resigned its engagement with our company, effective immediately. The board of directors engaged MaloneBailey on December 20, 2010 and MaloneBailey did not report on our company&…

Global Sources Lt (GSOL)

Comments & Business Outlook
HONG KONG, October 18, 2014 /PRNewswire/ -- Global Sources (NASDAQ: GSOL) has now fully launched its suite of services for the mobile electronics industry. Mobile Electronics is an industry-specialized community of buyers and suppliers -- connected through content, communication and five media channels -- an online marketplace, a magazine, alerts, an app and trade shows. Key components of the ecosystem include: 400,000 buyers…

Hollysys Automati (HOLI)

Contract Awards
BEIJING, October 20, 2014 /PRNewswire/ -- Hollysys Automation Technologies, Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, announced today that it won the bidding from Tianjin Metro to supply the supervisory control and data acquisition system (SCADA) to Tianjin Subway Line 5, valued at approximately USD $13.88 million or RMB 85.02 million…

Redtone Asia Inc (RTAS)

Comments & Business Outlook
REDTONE ASIA, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Three months ended August 31, 2014 and 2013 > Management Discussion and Analysis Revenues. The Company generated revenue of $2,177,315 in the first three months of the fiscal year ending May 31, 2015, representing a 46% increase as compared with the preceding year’s corresponding quarters. The increase in revenues was…

Sinocoking Coal A (SCOK)

Contract Awards
PINGDINGSHAN, China, Oct. 20, 2014 (GLOBE NEWSWIRE) -- SinoCoking Coal and Coke Chemical Industries, Inc. (Nasdaq:SCOK), a producer of clean energy products located in Henan Province, today announced that as of the morning of October 18 China time its aboveground facility for the conversion of carbon dioxide into clean-burning syngas had begun operations and was producing and transporting syngas to customers in and around Pingdingshan. The facility is currently operating at approximately…

Sutor Technology (SUTR)

Investor Alert
CHANGSHU, China, Oct. 20, 2014 /PRNewswire-FirstCall/ -- Sutor Technology Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR), a leading provider of fine finished steel products and services used by steel fabricators and other applications in a variety of industries, today announced that it received a letter from the Listing Qualifications Department of The NASDAQ Stock Market, on October 16, 2014 (the "Letter"), informing…

Zap (ZAAP)

Comments & Business Outlook
SANTA ROSA, Calif., Oct. 19, 2014 /PRNewswire/ -- ZAP (ZAAP), an Electric Vehicle (EV) automotive company incorporated in California Bay Area, and its subsidiary Jonway Auto received accolades from China Vice Premier Ma Kai on its E-380 SUV, which is the countries' first type approved and fully certified EV SUV. Prior to China's National holiday on September 25th, Jonway Auto in partnership with Tianjin Lishen Battery Company exhibited Jonway…


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