On Tuesday, Shares of Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE), gained 8.84% to $0.580. 2.29 million shares of the company were exchanged.
Yingli Green Energy Holding Company Limited (YGE), one of the world’s leading solar panel manufacturers, recently declared that its holding partner, Baoding Tianwei Yingli New Energy Company Limited (“Tianwei Yingli”), has substantially repaid the Mid-Term Notes (“MTNs”) due recently, which was formerly restructured to be paid by the end of 2015. About 70% of the MTNs counting interest totaling $110 million USD (700 million RMB) were repaid from the liquidation of idle land and demolition of facilities held by Fine Silicon, one of the Company’s wholly-owned auxiliaries.
The MTNs were issued by Tianwei Yingli in October, 2010 as five-year unsecured notes totaling $157 million USD (1.0 billion RMB). The Company continues to work closely with the MTNs holders for repayment of the remaining portion of MTNs and anticipates such remaining portion to be repaid within one year.
Yingli Green Energy Holding Company Limited, together with its auxiliaries, designs, develops, markets, manufactures, sells, and installs photovoltaic (PV) products in the Peoples Republic of China and internationally.
Shares of Seagate Technology PLC (NASDAQ:STX), declined -0.82% to $48.62, during its last trading session.
Seagate Technology plc (STX) will report fiscal first quarter 2016 financial results before the market opens on Friday, October 30, 2015. The investment community conference call to talk about these results will take place that day at 6:00 a.m. Pacific / 9:00 a.m. Eastern.
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. It provides hard disk drives, solid state hybrid drives, solid state drives, PCIe cards, and serial advanced technology architecture controllers that are designed for enterprise servers and storage systems in mission critical and nearline applications; for client compute applications comprising desktop and mobile computing; and for client non-compute applications, such as digital video recorders, personal data backup systems, portable external storage systems, digital media systems, and surveillance systems.
At the end of Tuesday’s trade, Shares of Carter’s, Inc. (NYSE:CRI), declined -0.69% to $91.76.
Castle Resources Inc. (CRI) declares that Mr. Lenny Foreht has resigned as President and C.E.O of the Company. The Chairman of Castle’s board of directors (the “Board”), Mr. Tim Mann, will assume the roles of interim President and C.E.O. of the Company. Mr. Mann is a Mining engineer and is President of TLM Consulting since July 2004 and owner and principal of TLM Consulting Services since October 2010. He held the position of Vice President of Engineering for Largo Resources Ltd. from December 13, 2006 to January 2011 and Chief Operating Officer of Largo Resources Ltd. from January 2011 to September, 2013. The Board will initiate a search for a permanent President and C.E.O. right away.
The Company further declares that its directors have resolved to proceed with the share consolidation of its common shares on the basis of one (1) “new” common share for thirty (30) “old” common shares (the “Consolidation”), which was formerly approved by shareholders at the Company’s annual general and special meeting held on March 5, 2015. The Consolidation remains subject to the filing of required documents by the Company with the Canadian Securities Exchange.
As of the date hereof, the Company has 251,632,748 common shares issued and outstanding. After giving effect to the Consolidation, the Company would have about 8,387,758 common shares issued and outstanding. The Company does not propose to change the name of the Company in conjunction with the Consolidation. A detailed press release will be issued with respect to the Consolidation proceeding to the record date for the Consolidation.
Carter’s, Inc. and its auxiliaries design, source, and market branded children swear under the Carter’s, Child of Mine, Just One You, Precious Firsts, OshKosh, and other brands. The company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale, and International.
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