On Wednesday, JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO)’s shares inclined 0.36% to $8.28.
JA Solar Holdings Co., Ltd. (ADR) (JASO) declared the results of its Annual General Meeting of shareholders held on June 1, 2015 in Shanghai, China.
The following shareholder resolutions were approved and adopted at the meeting:
- The audited financial statements and the Reports of the Chairman and Chief Executive Officer for the year ended December 31, 2014;
- The re-election of Baofang Jin as a director of the Company;
- The re-election of Bingyan Ren as a director of the Company;
- The re-election of Jian Xie as a director of the Company;
- The re-election of Hope Ni as a director of the Company;
- The re-election of Jiqing Huang as a director of the Company; and
- The election of Yuhong Fan as a director of the Company.
JA Solar Holdings Co., Ltd., together with its auxiliaries, designs, develops, manufactures, and sells photovoltaic solar cells and solar power products based on crystalline silicon technologies.
Tenaris SA (ADR) (NYSE:TS)’s shares gained 0.03% to $29.80.
Tenaris SA (ADR) (TS) declares that, following the formerly declared restatement of its quarterly merged financial statements as of September 30, 2014, its annual merged financial statements as of December 31, 2014, and its quarterly merged financial statements as of March 31, 2015, to reflect a lower carrying value of its investments in Usiminas, it has filed with the U.S. Securities and Exchange Commission (SEC) its annual report on Form 20-F for the year ended December 31, 2014, and has presented to the SEC its restated quarterly and annual financial statements. As a consequence of the restatement of the merged financial statements as of December 31, 2014, the Company has also filed recently with the Luxembourg Stock Exchange a restated annual report on the merged financial statements for the year ended December 31, 2014, prepared in accordance with applicable Luxembourg law requirements, and has presented such restated annual report to the other securities regulators of the markets where its securities are listed.
The annual report on Form 20-F can be downloaded from the SEC website at www.sec.gov. The restated annual report on the merged financial statements under Luxembourg law can be downloaded from the Luxembourg Stock Exchange’s website at www.bourse.lu/regulated-information-oam. In addition, both documents may be obtained free of charge from Tenaris’s website at www.tenaris.com/investors, or at the Company’s registered office in Luxembourg
Tenaris S.A., through its auxiliaries, manufactures and supplies steel pipe products and related services for the energy and other industrial applications. It offers products for oil and gas drilling operations that comprise casings and tubings, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn tubes, tubular and non-tubular accessories, and devices, in addition to technical consulting, pipe administration, and field services.
At the end of Wednesday’s trade, W&T Offshore, Inc. (NYSE:WTI)‘s shares dipped -2.74% to $5.33.
W&T Offshore, Inc. (WTI) declared a new discovery at Ewing Banks 910 and first production from the SS #6 well at Mississippi Canyon 538 field (“Medusa”), both in the deepwater of the Gulf of Mexico. The Company also offered an update on the status of the Big Bend and Dantzler deepwater development projects.
W&T made a new discovery at Ewing Banks 910 with the successful drilling and evaluation of the Ewing Banks 910 A-5 ST well. The Company logged 160 feet of gross hydrocarbon interval and is presently concluding the well. We expect recovery from the well to exceed our pre-drill estimates and we anticipate that the well could be online and flowing by the end of the second quarter. W&T has a 50% working interest in this well.
The next well to be drilled at Ewing Banks 910 will be the A-8 exploration well, which based on seismic data, is estimated to be a significantly larger reserve target than the recently successful A-5 ST well. We have additional drilling locations in the area as a result of our ongoing geological and geophysical review of new WAZ seismic data.
The Company declare that the drilled Medusa SS #6 well has been accomplished and achieved first production flowing at a gross rate of about 8,000 barrels of oil and 6 MMcf of natural gas for a combined total rate of 9,000 barrels of oil equivalent per day. A second extension well at Medusa, the SS #7 well, is presently being accomplished. W&T has a 15% working interest in the Medusa field.
W&T Offshore, Inc., an independent oil and natural gas producer, together with its auxiliaries, engages in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and onshore in the Permian Basin of West Texas.
ACE Limited (NYSE:ACE), ended its Wednesday’s trading session with 0.48% gain, and closed at $106.88.
ACE Limited (ACE) declared that it has launched a broad insurance offering that combines domestic general liability coverage and international general liability coverage for U.S. middle market companies that are expanding globally.
Until now, many companies within the middle market segment could only purchase their U.S. and foreign general liability products separately or settled for less suitable foreign policy wording added to a U.S. general liability policy form. By bringing together the underwriting expertise of ACE Westchester, the company’s excess and surplus lines division, and ACE Risk Administration® Global Casualty, the company’s global primary casualty division, ACE is able to provide a single product offering that combines the features and benefits of both products to its clients.
ACE Limited, through its auxiliaries, provides a range of property and casualty insurance and reinsurance products worldwide. The company’s Insurance North American P&C segment offers casualty insurance, environmental, inland marine, professional risk, disaster protection, vacant land and building, and claims and risk administration services; homeowners, automobile, valuables, umbrella liability, and recreational marine insurance; and wholesale excess and surplus lines property, casualty, environmental, professional liability, inland marine, and product recall coverages.
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