During Thursday’s current trade, 500.com Ltd (NYSE:WBAI)’s shares decline -0.77% to $27.05.
500.com Limited (WBAI), a leading online sports lottery service provider in China, declared that it has reached a definitive purchase agreement with Tsinghua Unigroup International Co., Ltd. (“Tsinghua Unigroup”), a partner of Tsinghua Unigroup Co., Ltd, for the issuance and sale of newly issued ordinary shares of the Company.
Following the purchase agreement, Tsinghua Unigroup International Co., Ltd. will purchase 63,500,500 newly issued Class A ordinary shares of the Company for a total purchase price of about US$123.8 million in cash. The per share purchase price of US$1.95 (corresponding to US$19.5 per American Depository Receipts) represents a 1.4% discount of the average closing trading price of the Company’s ordinary shares for the 30 trading days ended June 8, 2015, or a 17.9% discount of the closing trading price of the Company’s ordinary shares on June 8, 2015, the day prior to the date of the purchase agreement
500.com Limited provides online sports lottery services in the People’s Republic of China. It operates as an aggregator and processor of lottery purchase orders from its registered user accounts. The company offers a suite of online lottery services, information, user tools, and virtual community venues. Its lottery sales services comprise individual lottery purchase, lottery pool purchase, automatic tag-along purchase, recurring purchase, and locked-in lottery number purchase services. The company provides its services through its mobile applications to mobile users, in addition to through its online platform. As of December 31, 2014, it had 54.7 million registered user accounts.
Constellation Brands, Inc. (NYSE:STZ)‘s shares gain 0.46% to $118.28, during the current trading session Thursday’s, hitting its highest level.
Constellation Brands, Inc. (STZ) declared that Executive Vice President and Chief Financial Officer (CFO) Bob Ryder is leaving the company after the completion of the company`s first quarter 10-Q filing. David Klein has been promoted to Executive Vice President and Chief Financial Officer.
As the new CFO, David Klein will join Constellation`s Executive Administration Committee and report directly to Sands. Klein joined Constellation in 2004 and most recently served as CFO for the company`s Beer Division. His previous roles with Constellation comprise SVP, Treasurer and Controller in addition to CFO for the company`s former European business. Prior to his tenure at Constellation, Klein held the CFO role at Montana Mills.
Ryder`s departure from the company is an amicable one and is unrelated to the company`s financial performance or financial reporting. Ryder and Klein will work together to ensure a smooth transition.
Constellation Brands, Inc., together with its auxiliaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, counting table wine, sparkling wine, and dessert wine. Its wine brands comprise Arbor Mist, Black Box, Blackstone, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Mount Veeder, Nobilo, Ravenswood, Rex Goliath, Robert Mondavi, Ruffino, Simi, Toasted Head, and Wild Horse; and Spirits Brands comprise Black Velvet Canadian Whisky and Svedka Vodka.
In a afternoon trade, SolarWinds Inc (NYSE:SWI)‘s shares surge 0.22% to $45.82.
SolarWinds (NYSE: SWI), a leading provider of powerful and affordable IT performance management software, announced that leading IT publications, including NetworkWorld Asia and SC Magazine™, have awarded SolarWinds® system, security, network and database monitoring and management solutions with top honors. The company also received business accolades from Forbes® and CzechInvest.
SolarWinds, Inc., together with its auxiliaries, designs, develops, markets, sells, and supports enterprise-class information technology (IT) and infrastructure administration software to IT and DevOps professionals in various organizations worldwide. The company offers enterprise-class network administration products and tools that allow network administrators and other IT professionals to monitor and manage the performance and configuration of their network infrastructure, in addition to collect and analyze the log data for IT operations, security, and compliance administration.
Sempra Energy (NYSE:SRE), during its Thursday’s current trading session -0.04% loss and closed at $100.25.
Sempra Energy (SRE) will recognize the City of San Diego, the Balboa Park Cultural Partnership, and eight other municipal, school district and business customers for their remarkable results in energy efficiency and conservation.
The following organizations will be presented with Energy Champion Awards:
- Grand Champion: City of San Diego/Balboa Park Cultural Partnership
- Entertainment: Pala Band of Mission Indians.
- Biotech: Ilumina.
- Communications: Qualcomm.
- Local Government: City of Oceanside.
- Property Administration: Alexandria Real Estate.
- Hospitals/Healthcare: Kaiser Permanente.
- Food Distribution: Monterrey/The Natural Choice.
- Federal Government: MCB Camp Pendleton.
- K-12 Schools: Escondido School District.
Collectively, these SDG&E customers saved more than 16 million kilowatt hours (kWh) of electricity and over 200,000 therms of natural gas in 2014, enough to power nearly 1,400 homes for one year. Videos highlighting the Energy Champion success stories are accessible at sdge.com/energy showcase.
The City of San Diego, in conjunction with the Balboa Park Cultural Partnership, will be named SDG&E’s 2015 Energy Grand Champion for implementing energy-efficiency measures and raising the bar on energy saving efforts. Between 2012 and 2014, the City installed 39,500 street lights, of which 3,600 are adaptive control LED street lights, making it the first deployment of its size in the nation. The City has demonstrated their commitment to sustainability at every level in San Diego through various measures, counting installation of 27 electric vehicle charging stations, participation in demand response programs, completion of numerous energy efficiency audits and upgrades to 60 of the highest use buildings in the City and public utility facilities, among other actions.
Sempra Energy operates as an energy services holding company worldwide. The company’s San Diego Gas & Electric Company segment transmits and distributes electricity and/or natural gas. As of February 23, 2015, this segment offered energy service about to 3.4 million consumers through 1.4 million electric meters and 878,000 natural gas meters in San Diego and southern Orange counties. Its Southern California Gas Company segment transmits, distributes, and stores natural gas. As of February 6, 2015, this segment served about to 21 million consumers through 5.8 million meters in 500 communities.
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