During Wednesday’s Morning trade, Shares of Trina Solar Limited (ADR) (NYSE:TSL), gained 0.83% to $9.75.
Trina Solar Limited, declared that two of its overseas auxiliaries, Trina Solar (U.S.), Inc. (“Trina Solar US”) and Trina Solar (Singapore) Science & Technology Pte. Limited (“Trina Solar Singapore”), have signed a total of US$90 Million in financing facility agreements with Wells Fargo Bank, National Association (“Wells Fargo”) and Barclays Bank PLC (“Barclays”).
The US$60 Million five-year revolving loan signed with Wells Fargo will be used to support Trina Solar US’s working capital and business operations. The Company believes this loan facility will provide the working capital necessary to capture the market opportunities in the region. The US$30 Million credit line with Barclays will be used to support Trina Solar Singapore’s working capital to better capture growing opportunities in the Asia Pacific region.
Ms. Teresa Tan, Chief Financial Officer of Trina Solar, said: “We are happy to be working with both Wells Fargo and Barclays in our ongoing global expansion. In addition to our well established network in China, these two financing arrangements obtained through our overseas auxiliaries not only mark a new milestone for our company in terms of leveraging our global network to establish new financing platforms, but also reflect the growing confidence that premier global banks have in our business operations. We will continue to diversify our sources of funding to ensure that we have adequate funding at low cost to take advantage of the favourable market conditions in the solar energy sector. We are confident that these two credit facilities plus others will facilitate the execution of our growth strategies.”
Trina Solar Limited operates as an integrated solar-power products manufacturer and solar system developer in the People’s Republic of China, Europe, the United States, and other Asia Pacific regions.
Shares of Brookdale Senior Living, Inc. (NYSE:BKD) inclined 1.32% to $23.74, during its current trading session.
Brookdale Senior Living, declared that administration will take part in a negotiation regarding the Company at the Goldman Sachs Emerging/SMID Cap Growth Conference on November 19 in New York, New York on Thursday, November 19, 2015, starting at 3:10 p.m. Eastern Time.
Brookdale Senior Living Inc. owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, Ongoing Care Retirement Communities (CCRCs)Rental, Brookdale Ancillary Services, and Administration Services.
Finally, Shares of Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP), gained 1.69%, and is now trading at $94.13.
Ctrip.com International, declared that it will hold an annual general meeting of shareholders at Building 16, Sky SOHO, 968 Jinzhong Road, Shanghai 200335, People’s Republic of China on December 21, 2015 at 16:00 (Beijing time).
Holders of record of ordinary shares of the Company at the close of business on November 16, 2015 are entitled to notice of, and to vote at, the annual general meeting or any adjourned or postponed meeting thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, The Bank of New York Mellon.
Ctrip has filed its annual report on Form 20-F, counting its audited financial statements for the fiscal year ended December 31, 2014, with the U.S. Securities and Exchange Commission.
Ctrip.com International, Ltd., together with its auxiliaries, provides travel services for hotel accommodations, transportation ticketing services, packaged tours, and corporate travel administration in the People’s Republic of China.