On Monday, Shares of Jumei International Holding Ltd(ADR) (NYSE:JMEI), lost -6.68% to $17.46.
Jumei International Holding Limited, declared that it has agreed to provide BabyTree with a convertible loan and a revolving credit facility of up to RMB1.55 billion (US$250 million). The principal of the convertible loan portion of the transaction could reach as high as RMB744 million (US$120 million) depending on the working capital needs of BabyTree and certain operating performance criteria being met. The loan will be convertible into a minority interest in BabyTree based on a pre-agreed formula. The revolving credit facility will be RMB806 million (US$130 million), and drawdown by BabyTree will also depend on the working capital needs of BabyTree and certain operating performance criteria being met.
According to BabyTree, BabyTree is the largest online parenting community in China, and is among the largest online parenting communities globally as ranked by traffic volume. Presently the DAU (daily active users) of BabyTree has surpassed 10 million. BabyTree.com, the website of the company, together with its mobile apps “BabyTree Pregnancy” and “BabyTree Footprints,” cover over 80% of pregnancy-stage parents and parents of 0-6 year-old children in China. The “BabyTree Pregnancy” app ranks number one among baby and maternity mobile apps in China.
Jumei International Holding Limited operates as an online retailer of beauty products in the People’s Republic of China. The company offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children.
Shares of Hutchinson Technology Incorporated (NASDAQ:HTCH), inclined 15.38% to $2.10, during its last trading session.
Hutchinson Technology Incorporated, declared that it anticipates to start shipping prototypes of a new Shape Memory Alloy Optical Image Stabilization (SMA OIS) actuator to tier 1 camera module manufacturers in early August. The new Gemini product was designed in response to customer requests for reduced OIS camera thickness. Gemini reduces SMA OIS actuator thickness by more than 70%, to enable the world’s slimmest OIS smartphone cameras.
Gemini also improves handshake suppression, resulting in clearer photos in low light conditions and more stabilized videos. The unique properties of shape memory alloy wire enable a more compact, higher force, and a more rugged actuator than industry standard voice coil motor designs.
Hutchinson Technology Incorporated researches, designs, develops, manufactures, and supplies suspension assemblies for hard disk drives in Thailand, Hong Kong, the Philippines, Malaysia, the United States, and internationally.
At the end of Monday’s trade, Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY), lost -1.32% to $64.37.
Bed Bath & Beyond Inc., stated financial results for the first quarter of fiscal 2015 ended May 30, 2015.
Fiscal 2015 First Quarter Results
For the first quarter of fiscal 2015, the Company stated net earnings of $.93 per diluted share ($158.5 million) contrast with net earnings for the first quarter of fiscal 2014 of $.93 per diluted share ($187.1 million). Net sales for the first quarter of fiscal 2015 were about $2.738 billion, an enhance of about 3.1% from net sales of about $2.657 billion stated in the first quarter of fiscal 2014. Comparable sales in the first quarter of fiscal 2015 raised by about 2.2%, contrast with an enhance of about 0.4% in last year’s fiscal first quarter. Comparable sales for the first quarter of fiscal 2015 comprise an approximate 0.3% unfavorable impact from the year over year change in the Canadian currency exchange rate.
Linen Holdings is excluded from the comparable sales calculations and will continue to be excluded on an ongoing basis because it represents non-retail activity.
Bed Bath & Beyond Inc., together with its auxiliaries, operates a chain of retail stores. It sells a range of domestics merchandise, counting bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletops, basic housewares, general home furnishings, consumables, and certain juvenile products.
Finally, A. M. Castle & Co (NYSE:CAS), ended its last trade with 21.40% gain, and closed at $3.46.
A. M. Castle & Co., declared the signing of a lease agreement for new facility space in Janesville, Wisconsin. The lease is targeted to commence in the fourth quarter of 2015 following the build out of the new facility. The Company’s bar processing resources and activities from both its Franklin Park, Illinois and Minneapolis, Minnesota facilities will be relocated to the new facility.
“We are excited to have identified a new location to centralize our upper Midwest bar processing operations in Janesville, Wisconsin,” said Steve Scheinkman, President and CEO. “This move is one of the centerpieces of the restructuring plan we declared in April of this year. We have already created a plate processing center of excellence in our Cleveland facility, and are excited to add a merged bar processing center of excellence in the new Janesville facility that our network can leverage in the future.”
A. M. Castle & Co., together with its auxiliaries, operates as a specialty metals and plastics distribution company in the United States, Canada, Mexico, France, the United Kingdom, Spain, China, and Singapore.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
