On Thursday, Check Point Software Technologies Ltd. (NASDAQ:CHKP)’s shares inclined 2.49% to $80.66.
Check Point Software Technologies Ltd. (CHKP) the largest pure-play security vendor globally, recently declared the results of its 2015 Annual General Meeting. The company presented six proposals for the shareholders vote at the meeting, counting reappointment of the company’s directors and auditors, and the seventh proposal was withdrawn. About 142 million shares, representing about 78% of the shares outstanding as of the record date, were voted at the meeting.
All proposals voted on at the Annual General Meeting were adopted by an overwhelming majority vote of the shareholders.
Check Point would like to thank shareholders for the support and confidence they have in the company and its employees and for their vote at the Annual General Meeting.
Check Point Software Technologies Ltd. develops, markets, and supports a range of software, combined hardware, and software products and services for information technology (IT) security worldwide. It offers a portfolio of network security, endpoint security, data security, and administration solutions.
Globant SA (NYSE:GLOB)’s shares gained 2.83% to $29.11.
Globant S.A. (GLOB), a new-breed technology services provider focused on delivering innovative software solutions, recently declared the pricing on July 8, 2015 of its secondary public offering of 3,500,000 common shares by certain of its shareholders. The common shares were sold to the public at a price of $28.31 per share. The closing price of the Company’s common shares on July 8, 2015 was $28.31 per share. The Company will not receive any proceeds from the sale of common shares by the selling shareholders.
Globant S.A. develops software solutions in the United States, Europe, and Latin America. It designs and develops Internet-based solutions, such as e-commerce applications, consumer application, and portals; games, social, and digital platforms that function across Web, and mobile channels; big data and high performance solutions; enterprise solutions, which comprise talent development solutions, open collaboration, enterprise operations, and enterprise cloud development solutions; design methodologies and creative services, counting service, user experience, visual, and industrial design, and creative direction services; and mobile applications and user interfaces. T
At the end of Thursday’s trade, China Ming Yang Wind Power Group Ltd (NYSE:MY)‘s shares surged 18.69% to $2.35.
China Ming Yang Wind Power Group Limited (MY) declared the appointment of Mr. Zhongmin Shen to its board of directors. He is also designated as the vice chairman of the Company. The appointment is with immediate effect.
Mr. Zhongmin Shen has abundant experience in administration and investment both in independent power and clean energy sectors. Preceding to joining us, he served as a managing director of Olympus Capital’s Asia Environment Partners (“Olympus”). Before Olympus, he was a partner of Hudson Clean Energy Partners (“Hudson”), a global private equity fund focusing on clean energy and technologies. Preceding to joining Hudson, Mr. Shen was the chief executive officer of Huaneng Invesco WLR Investment Consulting Company Limited (“Huaneng Invesco WLR”), a joint venture between Huaneng Capital Services and Invesco WLR. Before he joined Huaneng Invesco WLR, he was a managing director of CLP Holdings Limited (“CLP”). Before CLP, he was an executive director and chief operating officer of China Resources Power Holdings Company Limited. Mr. Shen obtained a master of business administration degree from Guanghua School of Administration of Peking University. He also obtained a master’s degree in arts majoring in economics from The University of Tennessee, a master of laws degree from Peking University and a bachelor’s degree in science from Peking University.
China Ming Yang Wind Power Group Limited designs, manufactures, sells, and services megawatt-class wind turbines in the Peoples Republic of China. The company provides wind turbines with a rated power capacity of 1.5MW and 2.0MW; 2.5/3.0MW SCD; and 6.0/6.5MW SCD wind turbines. It also manufactures and sells wind turbine blades and components; and leases wind turbines.
Qunar Cayman Islands Ltd (NASDAQ:QUNR), ended its Thursday’s trading session with 7.51% gain, and closed at $41.22.
Hillhouse Capital Administration has filed an amended 13D from disclosing the enhance of the fund’s position in Qunar Cayman Islands Limited (NASDAQ:QUNR) to 20.24 million Class B ordinary shares. Precisely, the hedge fund run by Lei Zhang purchased 14.52 million additional shares in Qunar, with the total position now accounting for 12.99% of the company’s outstanding common stock. Moreover, Hillhouse Capital Administration revealed that the purpose of the transaction and its interest in the company is purely related to the predictable appreciation in the price of the purchased securities, which they have been very good at this year.
Professional investors like Lei Zhang spend considerable time and money conducting due diligence on each company they invest in, which makes them the perfect investors to emulate. However, we also know that the returns of hedge funds on the whole have not been good for several years, underperforming the market. We analyzed the historical stock picks of these investors and our research revealed that the small-cap picks of these funds performed far better than their large-cap picks, which is where most of their money is invested and why their performances as a whole have been poor. Why pay fees to invest in both the best and worst ideas of a particular hedge fund when you can simply mimic the best ideas of the best fund managers on your own? A portfolio comprising of the 15 most popular small-cap stock picks among the funds we track has returned more than 142% and beaten the market by more than 84 percentage points since the end of August 2012, and by 4.6 percentage points in the first quarter of this year
Qunar Cayman Islands Limited operates an online travel commerce platform in the People’s Republic of China. The company through its platform provides a range of travel products comprising flight tickets, hotels, vacation packages, and attraction tickets, in addition to display advertising, train tickets, car services, smart lodging, and other services. Its customers comprise flight travel service providers, airlines, independent hotels, online travel agencies, insurance service providers, and others.
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