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WCST

Wecast Network

$2.13

0.03 (1.43%)

17:31
03/20/17
03/20
17:31
03/20/17
17:31

Wecast Network enters into capital increase agreement

Wecast Network, through its PRC subsidiary Shanghai Blue World Investment Management Consulting Limited, entered into a capital increase agreement with Guizhou Sun Seven Stars Technology Company Limited, a PRC company, which is an affiliate of the company's chairman Bruno Wu and Wecast Media Group Limited , a Hong Kong company, one of the Company's largest shareholders, controlled by Bruno Wu. Pursuant to the terms of the Capital Increase Agreement, Guizhou Sun Seven Stars Technology Trading Platform Limited, a PRC company formed in February 2017 and currently 100% owned by SVG WFOE, will issue new shares equal to 94.12% of its equity to GZSSS in exchange for RMB 80 million. The total registered capital of GZ will be RMB 85 million. The parties will share the dividends and other profits of GZ at a ratio of 70% to the company and 30% to GZSSS. In addition, the company will have the right to appoint two of GZ's three board members, the chairman of the board and the chief executive officer. GZSSS will have the right to appoint one board member, the supervisor and the chief financial officer. GZ is a company created to be (i) a technology based IP exchange platform that generates brand licensing opportunities and value added business data acquisition to support the company's B2B business, and (ii) a technology and operating company that acquires and analyses big data extracted from international trade and financing to drive Artificial Intelligence based services, utilizing a PaaS and SaaS infrastructure.

  • 31

    Mar

TODAY'S FREE FLY STORIES

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FINL

Finish Line

$16.06

0.65 (4.22%)

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Notable companies reporting before tomorrow's open »

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  • 24

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AYX

Alteryx

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Alteryx 9M share IPO priced at $14.00 »

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  • 24

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20:07
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Periodicals
Trump demands healthcare vote Friday, prepared to 'move on,' Politico says »

President Donald Trump is…

HDSN

Hudson Technologies

$6.62

0.37 (5.92%)

20:00
03/23/17
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Hudson Technologies praises ITC antidumping vote »

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GOOG

Alphabet

$817.58

-12.01 (-1.45%)

, GOOGL

Alphabet Class A

$839.65

-10.15 (-1.19%)

19:57
03/23/17
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Periodicals
YouTube still displaying ads alongside extremist content, Bloomberg says »

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GOOG

Alphabet

$817.58

-12.01 (-1.45%)

GOOGL

Alphabet Class A

$839.65

-10.15 (-1.19%)

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HBAN

Huntington Bancshares

$13.02

0.24 (1.88%)

19:38
03/23/17
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Initiation
Huntington Bancshares initiated at DA Davidson »

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  • 19

    Apr

FFBC

First Financial Bancorp

19:37
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Initiation
First Financial Bancorp initiated at DA Davidson »

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PEBO

Peoples Bancorp

$31.20

0.32 (1.04%)

19:37
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Initiation
Peoples Bancorp initiated at DA Davidson »

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KEY

KeyCorp

$17.25

0.1 (0.58%)

19:37
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Initiation
KeyCorp initiated at DA Davidson »

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  • 20

    Apr

E

Eni SpA

$32.37

0.27 (0.84%)

19:15
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Hot Stocks
Eni says successfully drills offshore Mexico well »

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PGH

Pengrowth Energy

19:12
03/23/17
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19:12
Hot Stocks
Pengrowth to sell Montney Lands at Bernadet for $92M »

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ARES

Ares Management

$18.35

-0.1 (-0.54%)

19:11
03/23/17
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19:11
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19:11
Upgrade
Ares Management rating change at Keefe Bruyette »

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KHC

Kraft Heinz

$92.01

-0.28 (-0.30%)

19:06
03/23/17
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19:06
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Periodicals
Kraft Heinz lays off about 200 white collar workers, Crain's Chicago reports »

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CHMI

Cherry Hill Mortgage

$16.93

-1.49 (-8.09%)

19:06
03/23/17
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19:06
Syndicate
Cherry Hill Mortgage 4.5M share Secondary priced at $16.50 »

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  • 24

    Mar

BSM

Black Stone Minerals

$16.51

-0.39 (-2.31%)

19:01
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Upgrade
Black Stone Minerals rating change at Stifel »

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CMCSA

Comcast

$37.22

0.18 (0.49%)

, CMCSK

Comcast

19:01
03/23/17
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Periodicals
Comcast secures rights to offer nationwide TV service, Bloomberg says »

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CMCSA

Comcast

$37.22

0.18 (0.49%)

CMCSK

Comcast

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BLCM

Bellicum Pharmaceuticals

$12.90

-1.47 (-10.23%)

19:00
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Syndicate
Bellicum Pharmaceuticals 5M share Secondary priced at $12.00 »

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  • 24

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    Mar

MET

MetLife

$52.05

0.28 (0.54%)

18:52
03/23/17
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18:52
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18:52
Hot Stocks
MetLife director acquires 17,205 common shares »

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  • 13

    Jun

LYV

Live Nation

$29.30

0.55 (1.91%)

18:51
03/23/17
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Periodicals
Live Nation shutters Vice Media joint venture, NY Post says »

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T

AT&T

, CHTR

Charter

$323.62

2.42 (0.75%)

18:46
03/23/17
03/23
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18:46
Hot Stocks
DOJ settles civil claim against AT&T over information sharing in carriage talks »

The Department of Justice…

T

AT&T

CHTR

Charter

$323.62

2.42 (0.75%)

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  • 09

    May

18:45
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General news
Breaking General news story  »

Dallas Federal Reserve…

LNVGY

Lenovo

$12.62

0.08 (0.64%)

, INTC

Intel

$35.27

-0.1 (-0.28%)

18:39
03/23/17
03/23
18:39
03/23/17
18:39
Hot Stocks
Lenovo taps former Intel CIO as general manager of DCI segment »

Lenovo (LNVGY) announced…

LNVGY

Lenovo

$12.62

0.08 (0.64%)

INTC

Intel

$35.27

-0.1 (-0.28%)

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  • 04

    Apr

  • 05

    Apr

  • 02

    May

ERN

Erin Energy

18:35
03/23/17
03/23
18:35
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18:35
Hot Stocks
Erin Energy announces going concern audit opinion »

Erin Energy announced its…

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CVX

Chevron

$107.87

-0.52 (-0.48%)

18:25
03/23/17
03/23
18:25
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18:25
Conference/Events
Economic Club of Washington, D.C. holds a dinner meeting »

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03/08/13
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  • 23

    Mar

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