During Wednesday’s current trade, AirMedia Group Inc (ADR) (NASDAQ:AMCN)’s shares gained 60.00%, and is now trading at $3.28, hitting new 52-week high of $3.70, as Group Inc (ADR) (AMCN), declared that Beijing Shengshi Lianhe Advertising Co., Ltd., a variable interest entity in China, which it presently controls through contractual arrangements (the “VIE structure”), has reached a share transfer contract to sell 5% equity interest of AirMedia Group Co., Ltd. (“AM Advertising”) to Shenzhen Liantronics Co., Ltd, a corporation listed on the Shenzhen Stock Exchange (Shenzhen Stock Exchange Code: 300269) for a consideration of RMB 150 million in cash (the “Transaction”), which reflected the total valuation of AM Advertising of RMB3 billion.
The payment of the Transaction is predictable to be accomplished within 10 working days of the completion of the share transfer.
AM Advertising is a merged associated entity of AirMedia. AirMedia will restructure AM Advertising for the Transaction. After the restructuring, AM Advertising will own and operate all AirMedia’s media business in airports and all the billboard and LED media out of the airports, not including gas station media network. After the restructuring, all AirMedia’s other businesses, counting but not limited to in-flight Wi-Fi business, on-train Wi-Fi business, digital TV-screens on airplanes, and gas station media network will be transferred out of AM Advertising and not form part of the Transaction.
AirMedia Group Inc. operates out-of-home advertising platforms primarily in the People’s Republic of China. It operates a network of digital frames in airports; digital TV screens in airports and on airplanes; traditional media in airports, such as light boxes, billboards, and painted advertisements; and gas station media displays, as well as other outdoor media displays out of the air travel advertising sector.
Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC)’s shares jumped 22.58% during the current trading session Wednesday’s, and is now trading at $11.78, hitting new 52-week high of $12.17, formerly on March 30, Yanzhou Coal Mining Co Ltd (ADR) (YZC), declared its annual results for the year ended 31 December 2014 (the “Year”). In face of unprecedented difficulties and challenges in 2014, through adopting innovative thinking and implementing a series of operation administration measures to adjust costs of sales to enhance profit, optimize marketing strategy and strengthen administration capability to improve efficiency, Yanzhou Coal presented an excellent posture of stable and positive results with strong endogenous driving force and greater development potentials.
For the year ended 31 December 2014, sales revenue of the Group amounted to RMB60.37 billion, representing a raise of 7.0% year-on-year. Net revenue stayed flat at RMB766 million (2013:RMB777 million). Earnings per share amounted to RMB0.16, maintaining at same level as 2013. The Board of Directors proposes to declare a cash dividend of RMB0.02 per share for the year ended 31 December 2014 (2013:RMB0.02).
During the Year, through the implementation of the “Three Reductions and Three Enhancements” strategy in full scale to raise profitability through cost reduction, both domestic and overseas mines had been successfully achieved the cost control targets set at the startning of 2014.
Yanzhou Coal Mining Corporation Limited, together with its auxiliaries, engages in the exploration, mining, washing, processing, and sale of coal in China, Japan, South Korea, and Australia. The corporation operates through three divisions: Coal Mining; Coal Railway Transportation; and Methanol, Electricity, and Heat Supply. It primarily produces semi-hard coking coal, semisoft coking coal, PCI, and thermal coal.
In an morning trade, Second Sight Medical Products Inc (NASDAQ:EYES)’s shares climbed 14.35%, and is now trading at $14.50,today Second Sight Medical Products Inc (EYES), declared the first successful implant of a mechanical model of the Orion(TM) I Visual Cortical Prosthesis (“Orion I”) in an animal study.
The first implant was performed as part of a phase I pre-clinical study, which is designed to evaluate fit, form, stability and biocompatibility. This study, which is predictable to run through the end of the year, is the first major milestone in the Corporation’s development of the Orion I. Fully functional prototypes are predictable to be accomplished later this year with active animal implants planned to start by Q1 2016; the first human clinical trials are planned to commence by Q1 2017. Assuming positive initial results in patients and talk about with regulators, an expanded pivotal clinical trial for global market approvals is planned.
“This is a major milestone not only for the Corporation but, more importantly, those affected by virtually all forms of blindness,” said Robert Greenberg, M.D., Ph.D., President and CEO of Second Sight. “Following the success of Argus II in patients with Retinitis Pigmentosa, we are looking forward to extending the hope of restoring some useful vision to nearly all blind individuals with the Orion I.”
Second Sight Medical Products, Inc. develops, manufactures, and markets implantable prosthetic devices to restore functional vision to blind patients in the United States, Canada, Europe, and Saudi Arabia. It offers Argus II System, an implantable neurostimulation device that uses electrical stimulation of the retina to replace the function of the defunct photo-receptors in retinitis pigmentosa patients.
EnerJex Resources Inc (NYSEMKT:ENRJ), during its Wednesday’s current trading session gained 11.50%, and is now trading at $2.23, as EnerJex Resources Inc (ENRJ), declared that it has declared a monthly cash dividend on its non-convertible 10.0% Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”). The dividend is for the month of April 2015 and is payable on April 30, 2015 to holders of record at the close of business on April 15, 2015.
The dividend payment will be 1/12th of the 10.00% annualized amount, or $0.208333 per share, based on the $25.00 per share liquidation preference of the Series A Preferred Stock. EnerJex’s Series A Preferred Stock is listed on the NYSE MKT under the ticker symbol “ENRJ.PR.”
EnerJex Resources, Inc., an independent energy corporation, attains, develops, exploits, and produces crude oil and natural gas in the United States. The corporation owns oil and gas leases covering about 100,000 acres in various prolific hydrocarbon basins located in Kansas, Colorado, Nebraska, and Texas.
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