On Wednesday, Ecopetrol S.A. (ADR) (NYSE:EC)’s shares declined -4.42% to $14.27.
Ecopetrol S.A. (ADR) (EC) declares that its Board of Directors approved a new corporate strategy aimed at guaranteeing the company’s long-term sustainability, in which value generation based on efficient barrels and shareholder return become precedingity.
Within a complex international price environment, the new strategy defines that Ecopetrol will be focused on oil and gas exploration and production, while seeking operational excellence in transportation, refining and petrochemical areas. The strategy also pursues the achievement of structural efficiencies, to allow the Group to enhance its competitive levels in order to reach the best international standards.
In exploration, the Ecopetrol Group will build a portfolio that is robust and diversified, focused on high potential basins in Colombia and abroad, which is designed to increase significantly the Group’s contingent resources and reserves. In addition, the exploratory team based in Houston and Bogota will be strengthened by the addition of world-class human talent with proven track record.
Ecopetrol S.A., an integrated oil company, engages in the exploration, development, and production of crude oil and natural gas primarily in Colombia, Peru, Brazil, Angola, and the United States Gulf Coast. The company operates through three segments: Exploration and Production; Transportation and Logistics; Refining, Petrochemicals, and Biofuels.
500.com Ltd (NYSE:WBAI)’s shares dropped -4.25% to $20.75.
500.com Ltd (WBAI) stated its unaudited financial results for the first quarter of 2015.
Temporary Suspension of Online Lottery Sales
Since March 2015, all provincial sports lottery administration centers to which the Company provides sports lottery sales services have temporarily suspended accepting online purchase orders for lottery products, in response to the Notice related to Self-Inspection and Self-Remedy of Unauthorized Online Lottery Sales, or the Self-Inspection Notice, which was jointly promulgated by the Ministry of Finance, or the MOF, the Ministry of Civil Affairs and the General Administration of Sports of the People’s Republic of China on January 15, 2015.
On February 24, 2015, the Company was informed by certain provincial sports lottery administration centers that as part of their respective self-inspection processes, such provincial sports lottery administration centers planned to temporarily suspend accepting online purchase orders for lottery products starting from February 25, 2015. On March 2, 2015, the Company was further informed by the remaining provincial sports lottery administration centers to which it provides sports lottery sales services that such provincial sports lottery administration centers also planned to temporarily suspend accepting online purchase orders for lottery products, in response to the Self-inspection Notice.
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.
At the end of Wednesday’s trade, Baozun Inc (ADR) (NASDAQ:BZUN)‘s shares dipped -4.23% to $12.24.
Baozun Inc (ADR) (BZUN) declared that it has priced its initial public offering of 11,000,000 American depositary shares (“ADSs”) at US$10.00 per ADS for a total offering size of US$110 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents three Class A ordinary shares of the Company. The ADSs will start trading on the NASDAQ Global Select Market recently under the ticker symbol “BZUN.”
The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,650,000 additional ADSs.
Morgan Stanley & Co. International plc, Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are acting as joint bookrunners for the offering.
Baozun Inc., formerly Baozun Cayman Inc., is a holding company. The Company through its wholly owned partner, Shanghai Baozun E-Commerce Limited, provides e-commerce solutions in China. The Company is a digital and e-commerce service partner in China. The Company is engaged in providing e-commerce solutions, counting the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.
Sierra Wireless, Inc. (USA) (NASDAQ:SWIR), ended its Wednesday’s trading session with -4.02% loss, and closed at $29.58.
Sierra Wireless, Inc. (USA) (SWIR) declared commercial availability of FirstNet Band 14 LTE support for the InMotion™ Solutions oMG2000 mobile gateway. This multi-network gateway is also certified for use on AT&T, Verizon Wireless, and Sprint LTE networks, with the ability to switch as required to optimize coverage for mission critical communications. With an integrated radio module supporting Band 14 LTE, the oMG2000 now offers support for the dedicated FirstNet network being deployed for public safety agencies and other first responders.
Band 14 networks have already been deployed in select areas of the U.S. and have been tested in several pilot projects with InMotion gateways. As it will take time for the FirstNet network to be deployed on a national basis, the ability to seamlessly switch between the dedicated network and commercial networks is necessary to maintain connectivity and ensure that first responders can do their jobs safely.
Sierra Wireless, Inc., together with its subsidiaries, provides cellular wireless solutions to the machine-to-machine (M2M) and connected device markets in North America, Europe, and the Asia Pacific. It operates in two segments, Original Equipment Manufacturer (OEM) Solutions and Enterprise Solutions.
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