On Friday, Shares of Vipshop Holdings Limited (NYSE:VIPS), gained 4.01% to $26.22.
Vipshop Holdings Limited, issued the following statement in response to the allegations made by a short seller on May 13, 2015:
Vipshop has been and will always endeavor to be in compliance with applicable U.S. and PRC laws and regulations. Vipshop believes the allegations are based upon unsupported speculation and contain numerous errors, representing a general misunderstanding of the Company’s business model and are entirely groundless. In particular, these allegations attempt to cite publicly accessible filings with local bureaus of the PRC State Administration For Industry & Commerce (“SAIC”) made by the Company’s auxiliaries in China. However, the alleged low SAIC financial numbers used to support these allegations deviate substantially from the Company’s actual SAIC filings in all of the cited regions. For example, one of the allegations is that the Company’s revenue in 2014 is US$354,077,936 according to the “Merged SAIC Financials,” but even the revenue of Vipshop (China) Co., Ltd., one of the wholly-owned auxiliaries of the Company, is about RMB 11.1 billion (US$1.79 billion) for 2014 as stated in its publicly accessible SAIC filing. The Company wishes to inform investors that SAIC filings in China are publicly accessible and encourage people to conduct their own check through legitimate means.
Vipshop Holdings Limited, through its auxiliaries, operates as an online discount retailer for various brands in the People’s Republic of China. It offers a range of branded products, counting women’s apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men’s apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories comprising of belts, jewelry, watches, and glasses for women and men.
Shares of Harmony Gold Mining Company Limited (NYSE:HMY), showed no change to $1.67, during its last trading session.
Gold prices inched higher Friday, extending their successive winning sessions to four, setting a fresh three-month high, and sustaining momentum to post a second straight weekly enhance.
Gold for June delivery rose 10 cents to end the week at $1,225.30 an ounce on the Comex division of the New York Mercantile Exchange. The settlement price is the highest in three months, since Feb 13 when gold closed at $1,227.10 an ounce.
Harmony Gold Mining Company Limited is engaged in the exploration and mining of gold in South Africa and Papua New Guinea. The company also explores for silver, copper, and molybdenum.
At the end of Friday’s trade, Shares of Crown Castle International Corp (NYSE:CCI), gained 1.23% to $83.80.
Crown Castle International, declared recently that it has signed a definitive agreement to sell its Australian partner to a consortium of investors led by Macquarie Infrastructure and Real Assets for an aggregate purchase price of about A $2.0 billion in cash, or about US$1.6 billion assuming an exchange rate of 0.80 US dollars to 1.0 Australian dollar. CCAL is 77.6% owned by Crown Castle. Upon consummation of the Transaction, Crown Castle anticipates to receive net proceeds of about US$1.3 billion after accounting for its ownership interest, repayment of intercompany debt owed to it by CCAL and estimated transaction fees and expenses. The Transaction is predictable to close during the second quarter of 2015. Crown Castle anticipates to use the net proceeds from the Transaction to finance its formerly declared acquisition of Sunesys and for general corporate purposes, counting the repayment of certain of its indebtedness.
CCAL was predictable to contribute about US$97 million to US$102 million to Crown Castle’s formerly offered full year 2015 Outlook for Adjusted EBITDA of $2.145 billion to $2.160 billion. Further, CCAL was predictable to contribute about US$58 million to US$63 million to Crown Castle’s formerly offered full year 2015 Outlook for Adjusted Funds from Operations of $1.450 billion to $1.465 billion, respectively. Crown Castle’s full year 2015 Outlook was formerly offered on April 22, 2015 and assumed an exchange rate of 0.76 US dollars to 1.0 Australian dollar for the second, third and fourth quarter of 2015.
Crown Castle International Corp., together with its auxiliaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. The company provides towers and other structures, such as rooftops; and distributed antenna systems, a type of small cell network (small cells).
Finally, Catamaran Corporation (NASDAQ:CTRX), ended its last trade with -0.02% loss, and closed at $60.21, hitting its highest level.
Catamaran Corporation, is happy to declare that at its annual and special meeting of shareholders held on May 12, 2015, each of the nine nominees listed in its administration information circular dated April 1, 2015 was elected as a director.
In addition to the election of the Company’s nine directors, the Company’s shareholders re-designated KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2015, and approved, on an advisory basis, the compensation of the Company’s named executive officers. The Company’s shareholders did not ratify an amendment to the Company’s bylaws to comprise advance notice and certain other requirements for shareholders to propose director nominations or other business for shareholder meetings.
Catamaran Corporation provides pharmacy benefit administration (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits administration industry in North America. The company operates in two segments, PBM and HCIT.
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