Asia Fresh News

Asia Fresh Stories

Archive for May 3rd, 2013

Infinity Group Partners with COFCO To Establish Beijing Eco-Valley, the First Sino – Israeli ‘Smart Agricultural City’

leave a comment »

Infinity signs investment and operation agreement with the City of Beijing and COFCO in prelude to Israeli Prime Minister’s Visit to China Next Week

BEIJING, May 3, 2013 /PRNewswire/ — Infinity Group, a cross-border, private equity platform and its partner the LR Group , announced today that is has committed to taking part in building and financing the new Beijing Eco-Valley Project, the first Sino-Israeli ‘smart’ agricultural city.  The Project is a joint initiative between Infinity Group, food industry giant COFCO Group, and the City of Beijing, with the support of the Israeli Government. COFCO is one out of five top Chinese brands worldwide. Infinity and the LR Group will participate in an investment in Eco-Valley and its agricultural project in excess of 1B RMB. The total size of Eco-Valley will be 11.2 Sq. kilometers.

The announcement was made at a signing ceremony this morning in Beijing, two days before the arrival to China next week by Prime Minister of Israel Benjamin Netenyahu.  This will be the first visit to China by an Israeli prime minister since 2007.  During his visit, Prime Minister Netanyahu is scheduled to promote business between China and Israel.

Today’s ceremony was attended by His Excellency, Ambassador to China from Israel, Mr. Matan Velnai, Chairman of the Board of COFCO Group, Mr. Ning Gaoning, Vice Chairman of COFCO Group, Mr. Zhou Zheng, Managing Partner of Infinity Group, Mr. Amir Gal-Or and the District Mayor of Fangshan, Beijing, Mr. Qi Hong.

According to the agreement, the aforementioned will collectively contribute to building and promoting Eco-Valley.  Residents will support the advancement of agricultural development and share the value produced by the local R&D center and local technology innovation. COFCO plans to use agri-tech and resources provided by Infinity’s network of technology and know-how to improve food quality. Infinity and LR will also provide a professional team for Eco-Valley’s agricultural operation. Project features are to include high-end agricultural production, high-tech demonstrations, an ecological landscape, agriculture tourism, resort hotels, as well as commercial and residential properties.

Ambassador Velnai said, “This model of cooperation is a symbol of China-Israel cooperation in the area of technology, agriculture and innovation.  Many companies are expected to take part is such a dream.” 

Chairman of the Board of COFCO Mr. Ning Gaoning said, “The Eco-Valley project is a new model which combines agriculture, industry and service to promote value and to create harmony between human beings and nature. We intend to be responsible for the people, the environment and the earth by developing safer and healthier food.  Concurrently, we will actively explore the issues of agriculture and farming in the rural areas, with the interest of striking a balance between urban and rural and building a new countryside.  We believe the Eco-Valley project will be driven by Israel’s advanced agricultural technology with the support of Infinity Group. With the close relationship between Israel and China and the efforts of Ambassador Velnai, we hope more and more Israeli companies and advanced agricultural technology will be introduced to China to promote a win-win for the companies of the two countries.”

District Mayor of Fangshan, Beijing City, Mr. Qi Hong said, “The Eco-Valley project is the key project for increasing the quality of agriculture in the Fangshan District.  We believe that the introduction of Israel agri-tech along with Infinity’s support, will help perfectly to successfully implement this project.”

Amir Gal-Or, founder and managing partner of Infinity Group said, “Since 2003, Infinity Group has trail-blazed the area of Chinese-Israeli technology and innovation cooperation. Though others have followed, it is Infinity Group that has always led the way in terms of vision and implementation of new concepts and entities like the IP Bank. Today we are very pleased to announce our most recent initiative, the ‘smart agricultural city’, intended to take innovation cooperation to the next level. We are also extremely proud that the first smart agricultural city, of hopefully many to come, is built on the foundation of a strong partnership with industry leader COFCO. 20% ownership in the Eco-Valley project is an attractive investment.”

About COFCO

COFCO is the largest supplier of diversified products and services in the agricultural products and food industry in China. It is devoted to utilizing renewable natural resources to provide healthy and nutritious food, high quality lifestyle and services, as well as contributing to improve people’s living standards, social prosperity and stability.  Holding the belief that “Natural Resources, Source of Nature Reshapes You and Me”, COFCO strives to promote its cooperation with global partners in the course of transformation and development. By building a “Fully Integrated Agri-food Company”, COFCO will provide real and long-standing value for its customers, shareholders, employees and other stakeholders. COFCO is the only grain, oil and food manufacturing company in China to be listed on the Fortune 500. It has been on the list for 19th consecutive years. For more information: http://www.cofco.com/en/

About Infinity Group

Infinity Group, which in 2013 is celebrating 10 years of actively working in China, is a cross-border platform known for its strong roots in China, its vast, global network of technology and innovation, and its “China Outbound” initiative, which supports Chinese companies with an interest in international business.  It is also the founder of the Infinity IP Bank, the hub for IP development and commercialization in China. To date, the IP Bank has led 10 cross-border deals. Infinity Group currently manages RMB 10 billion and 100 portfolio companies, through 17 local RMB funds throughout China, making Infinity the owner of more RMB funds than any competitor.   Infinity employs 80 industry professionals and to date has made 100 deals and 25 successful exits. Sectors of focus include: information technology, medical device and services, water clean tech, agriculture and materials. Infinity currently has offices in Beijing, Changzhou, Chengdu, Chongqing, Harbin, Hong Kong, Hongze, Jining, New York, Nanjing, Ningbo, Shanghai, Shijiazhuang, Suzhou, Suqian, Tel Aviv, Tianjin, Xiamen and Yangzhou. For more information, please visit www.infinity-equity.com .

Press Contacts:

Marjie Hadad, marjie.hadad@infinity-equity.com, +972-54-536-5220 For Chinese language inquiries: Joey Zhu, joey.zhu@infinity-equity.com, +86-136-0121-2411

View in PR Newswire Asia website: Infinity Group Partners with COFCO To Establish Beijing Eco-Valley, the First Sino – Israeli ‘Smart Agricultural City’

Written by asiafreshnews

May 3, 2013 at 10:32 pm

Posted in All releases

Development Kit for Cypress’s New PSoC 4 Architecture Now Available Globally for Pre-Order from Premier Farnell

leave a comment »

LONDON, May 3, 2013 /PRNewswire/ — Premier Farnell and Cypress Semiconductor Corp . (NASDAQ: CY) announced today that customers can now pre-order the new PSoC® 4 Pioneer Development Kit from element14. The powerful new kit costs only $25, and lets designers discover the capabilities of the new PSoC 4 programmable system-on-chip architecture, which combines Cypress’s best-in-class PSoC analog and digital fabric with ARM®’s power-efficient Cortex™-M0 core.

The PSoC 4 Pioneer Kit is highly expandable. It includes connectors for Arduino-compatible shields and Digilent® PMOD™ daughter cards, enabling customers to pick from a variety of third-party expansion boards. In addition, an onboard PSoC 5LP device serves as the programmer and debugger, eliminating the need for external programmers.

“PSoC 4 is a game-changing product that marries PSoC’s unique programmable analog and digital fabric with the powerful, economical ARM Cortex-M0 processor,” said John Weil, senior director of PSoC Marketing for Cypress. “This new PSoC 4 Pioneer Kit is the perfect development platform for this architecture because it provides tremendous functionality at a low price. We’re very pleased to partner with Premier Farnell to help satisfy pent-up demand for this product from customers who want to be among the first to try PSoC 4.”

“The PSoC 4 Pioneer Kit is exactly the type of innovative product that our customers want: flexible, cost-effective and expandable with open-source architectures,” said David Shen, Group CTO at Premier Farnell. “We are extremely pleased to collaborate with Cypress to introduce this new product to the market and excited about the opportunities this versatile new product brings to the design engineers. As the first channel partner taking pre-orders for this kit, we’re expecting it to be in very high demand by designers everywhere.”

The new PSoC 4 device class will challenge proprietary 8-bit and 16-bit microcontrollers (MCUs), along with other 32-bit devices. Cypress’s platform solution PSoC 4, PSoC Creator and PSoC Components simplifies and accelerates the design process, reduces bills of material, and provides extraordinary system value. A single PSoC device can integrate as many as 100 peripheral functions, and “future-proofs” designs, enabling designers to transform resources on-the-fly.

Free online training is available at www.cypress.com/psoctraining.

element14 is a high-service distributor of technology products and solutions for electronic system design, maintenance and repair including an extensive range of development kits and PCB boards, semiconductors, connectors, cables, electromechanical and passives components; switches, relays, capacitors and resistors.

Jun Feng
element14 Marketing Manager, North Asia Region
+86(0)21-6196 1388
lfeng@element14.com 
Xiongmei Feng
Newell Public Relations
+852(0)10-6581 0096
element14@newell.com 

View in PR Newswire Asia website: Development Kit for Cypress’s New PSoC 4 Architecture Now Available Globally for Pre-Order from Premier Farnell

Written by asiafreshnews

May 3, 2013 at 10:02 pm

Posted in All releases

Pfizer, Alpha Natural Resources, Citigroup, Research In Motion, Barrick Gold, and Coca-Cola in Earning Forecast

leave a comment »

HONG KONG, May 3, 2013 /PRNewswire/ — EarningForecast.com has issued consensus earnings forecast reports for the following companies: Pfizer (NYSE:PFE), Alpha Natural Resources (NYSE:ANR), Citigroup (NYSE:C), Research In Motion (NASDAQ:BBRY), Barrick Gold (NYSE:ABX), and Coca-Cola (NYSE:KO).

(Read full report by clicking the link below, you may need to copy and paste the full link to your browser.)

Report Highlights:

Pfizer Inc. (NYSE:PFE): By the end of trading session, Pfizer Inc. (NYSE:PFE) shares rose 1.28% to US$29.27 with more than 31.86 million shares traded, compared to its average volume of 33.80 million shares. The company is cutting off its animal health care business Zoetis and restructuring other business. Market investors noticed that the company’s new painkiller, Remoxy, was rejected by the U.S. Food and Drug Administration twice. Observing comprehensive analysis of Pfizer could help investors avoid big loss in investment. Check PFE earnings forecast report below.

Read Full Report: http://www.earningforecast.com/PR/050313A/PFE/Pfizer.pdf

Alpha Natural Resources, Inc. (NYSE:ANR): Alpha Natural Resources, Inc. (NYSE:ANR) shares began the trading session with a price of US$7.57. When day-trade ended, the stock finally slumped 4.55% to US$7.13. The stock traded 27.29 million shares in the last trading session, compared to its daily average of 9.93 million shares. The coal producer reported a loss of US$0.47/share for the first quarter. The shareholders lost about 27% this year within a downtrend. Investors may want to find out where Alpha Natural Resources will go from here. Observe comprehensive ANR earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/050313A/ANR/AlphaNaturalResources.pdf

Citigroup Inc (NYSE:C): The share of Citigroup Inc (NYSE:C) began the trading session with a price of US$45.99. When day-trade ended, the stock price rose 1.48% to US$46.54. The stock traded 20.00 million shares in the last trading session, less than its daily average of 28.10 million shares. With the good economic news coming, the shareholders gained about 89% from the 52-week low price of US$24.61. Do you think Citigroup will go on? Do you think now is a good time to buy the stock? Investors could check C earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/050313A/C/Citigroup.pdf

Today EarningForecast.com also observed abnormal trade volume for the following companies; Check out the consensus earnings forecast reports below:

Research In Motion Ltd (NASDAQ:BBRY):

Read Full Report: http://www.earningforecast.com/PR/050313A/BBRY/ResearchInMotion.pdf

Barrick Gold Corporation (USA) (NYSE:ABX):

Read Full Report: http://www.earningforecast.com/PR/050313A/ABX/BarrickGold.pdf

The Coca-Cola Company (NYSE:KO):

Read Full Report: http://www.earningforecast.com/PR/050313A/KO/Coca-Cola.pdf

About EarningForecast.com:

EarningForecast.com focuses on tracking and monitoring company Earnings Data for top market movers in US stocks market. EarningForecast.com features a team of experienced data analysts striving to provide the investment community with the tools, software, and data necessary to carry out more effective investment research.

Important Disclaimer:

Please visit: EarningForecast.com/disclaimers/index.php for details.

View in PR Newswire Asia website: Pfizer, Alpha Natural Resources, Citigroup, Research In Motion, Barrick Gold, and Coca-Cola in Earning Forecast

Written by asiafreshnews

May 3, 2013 at 9:17 pm

Posted in All releases

Mohawk Industries, Inc. Completes Acquisition of Spano Group

leave a comment »

CALHOUN, Ga., May 3, 2013 /PRNewswire/ — Mohawk Industries, Inc. (NYSE: MHK) announced today that it has completed the acquisition of Spano Group, a Belgian panel board manufacturer. The transaction was previously announced on January 28, 2013. The total value of the acquisition was EUR125 million in cash. In 2012, Spano generated estimated sales of EUR183 million.

In commenting on the closing, Jeffrey S. Lorberbaum, Mohawk’s Chairman and CEO, stated, “The combination of Unilin and Spano will deliver greater value for our customers and expand our product offering. Spano extends our customer base into new channels of distribution and adds technical expertise and product knowledge which we can leverage across the segment. The significant synergies between Unilin and Spano create opportunities to optimize manufacturing assets and processes, raw materials and operational efficiencies. We look forward to welcoming Spano’s talented team into the Company.”

Certain of the statements in the immediately preceding paragraphs, particularly anticipating future performance, business prospects, growth and operating strategies and similar matters and those that include the words “could,” “should,” “believes,” “anticipates,” “expects,” and “estimates,” or similar expressions constitute “forward-looking statements.” For those statements, Mohawk claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. There can be no assurance that the forward-looking statements will be accurate because they are based on many assumptions, which involve risks and uncertainties. The following important factors could cause future results to differ: changes in economic or industry conditions; competition; inflation in raw material prices and other input costs; energy costs and supply; timing and level of capital expenditures; timing and implementation of price increases for the Company’s products; impairment charges; integration of acquisitions; international operations; introduction of new products; rationalization of operations; tax, product and other claims; litigation; and other risks identified in Mohawk’s SEC reports and public announcements.

ABOUT MOHAWK

Mohawk Industries is a leading global flooring manufacturer that creates products to enhance residential and commercial spaces around the world. Mohawk’s vertically integrated manufacturing and distribution processes provide competitive advantages in the production of carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring. Our industry-leading innovation has yielded products and technologies that differentiate our brands in the marketplace and satisfy all remodeling and new construction requirements. Our brands are among the most recognized in the industry and include American Olean, Bigelow, Daltile, Durkan, Karastan, Lees, Marazzi, Mohawk, Pergo, Unilin and Quick-Step. During the past decade, Mohawk has transformed its business from an American carpet manufacturer into the world’s largest flooring company with operations in Australia, Brazil, Canada, China, Europe, India, Malaysia, Mexico,  Russia and the United States.

View in PR Newswire Asia website: Mohawk Industries, Inc. Completes Acquisition of Spano Group

Written by asiafreshnews

May 3, 2013 at 9:17 pm

Posted in All releases

Oracle, Advanced Micro Devices, Seagate, MGM Resorts, Vale S.A., and Marvell Revealing Insider Trades

leave a comment »

HONG KONG, May 3, 2013 /PRNewswire/ — Insiderslab.com has issued insider trading reports for the following companies: Oracle (NASDAQ:ORCL), Advanced Micro Devices (NYSE:AMD), Seagate (NASDAQ:STX), MGM Resorts (NYSE:MGM), Vale S.A. (NYSE:VALE), and Marvell (NASDAQ:MRVL).

(Read full report by clicking the link below, you may need to copy and paste the full link to your browser.)

Report Highlights:

Oracle Corporation (NASDAQ:ORCL): By the end of last trading session, the shares of Oracle (NASDAQ:ORCL) rose US$0.53 (or 1.60%) to US$33.69 with 22.99 million shares exchanged hands, compared to daily average volume of 31.41 million. The trading price ranged between US$32.98 and US$33.78. Insiderslab.com found company insiders sold his/her shares for about US$18.57 million within the last three months. Investors may want to find out how Oracle insiders like CEOs, CFOs and Directors are thinking about the future of the company. Check this insider trade report for ORCL here.

Read Full Report: http://www.insiderslab.com/PR3/050313A/ORCL/Oracle.pdf

Advanced Micro Devices, Inc. (NYSE:AMD): By the end of last trading session, Advanced Micro Devices (NYSE:AMD) shares soared US$0.19 (or 5.90%) to US$3.41 with about 74.20 million shares exchanged hands for the session, compared to its average volume of 19.03 million shares. Insiderslab.com found company Director, Craig A. Conway, sold his shares at a price of US$2.80 on May 1. Investors may want to find out how AMD insiders like CEOs, CFOs and Directors are thinking about the future of the company.

Read Full Report: http://www.insiderslab.com/PR3/050313A/AMD/AdvancedMicroDevices.pdf

Seagate Technology PLC (NASDAQ:STX): By the end of last trading session, Seagate (NASDAQ:STX) jumped US$2.69 (or 7.28%) to US$39.63 with about 14.00 million shares exchanged hands for the session, compared to its average volume of 5.08 million shares. Through the trading session, the share reached a new 52-week high of US$39.92. Insiderslab.com found company insiders sold his/her shares for about US$6.03 million within the uptrend of last three months. Insiderslab.com believes that it is a clever way to check if insiders like CEOs, CFOs, and Directors in Seagate are starting to buy more company shares. See insider trade report for STX here.

Read Full Report: http://www.insiderslab.com/PR3/050313A/STX/Seagate.pdf

Today Insiderslab.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. It will take some time for insiders to report their trades. Read these reports and add these companies into your Insider Trade Radar.

MGM Resorts International (NYSE:MGM):

Read Full Report: http://www.insiderslab.com/PR3/050313A/MGM/MGMResorts.pdf

Vale S.A. (ADR) (NYSE:VALE):

Read Full Report: http://www.insiderslab.com/PR3/050313A/VALE/ValeSA.pdf

Marvell Technology Group Ltd. (NASDAQ:MRVL):

Read Full Report: http://www.insiderslab.com/PR3/050313A/MRVL/Marvell.pdf

Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.

About Insiderslab.com:

Insiderslab.com covers insider trade data in major stock markets in the U.S., Hong Kong, Mainland China, and Singapore. Insiderslab.com features a team of experienced data analysts striving to provide the investment community with the tools, software, and data necessary to carry out more effective investment research.

Important Disclaimer:

Please visit insiderslab.com/disclaimers/disclaimers.php for details.

View in PR Newswire Asia website: Oracle, Advanced Micro Devices, Seagate, MGM Resorts, Vale S.A., and Marvell Revealing Insider Trades

Written by asiafreshnews

May 3, 2013 at 9:17 pm

Posted in All releases

Quality Property and Facility Management Award 2012 Winners Unveiled

leave a comment »

Mr. Wong Kam Sing, JP attended as the Guest of Honour

HONG KONG, May 3, 2013 /PRNewswire/ — Grand Award, Excellence Award and Merit winners of Quality Property and Facility Management Award 2012 (QPFMA 2012) were announced at the QPFMA 2012 Award Presentation Banquet held on 26 April 2013.   

Taken place in Holiday Inn Golden Mile, QPFMA 2012 Award Presentation Banquet was a huge success with the presence of special guest and VIPs, including Mr. Wong Kam Sing, JP, Secretary for the Environment, to be the Guest of Honour, and Mr. Duncan Warren Pescod, JP, Permanent Secretary for Transport and Housing (Housing) and Director of Housing, Housing Department. QPFMA 2012 Jury Panel also made a presence in the lead of Sr. Au Choi Kai, JP, Director of Buildings, Buildings Department.

Grand Award, Excellence Award and Merit winners of each category were selected after 8 months of planning, assessment and jury processes:

AWARD CATEGORIES  AWARDEES 
Large-Scale Residential Property Management (LR) 
Grand Award Winner Sceneway Garden
Excellence Award Winner Grand Promenade
Merit Winner Harbour Place
Merit Winner Ocean Shores
Medium-Scale Residential Property Management (MR) 
Excellence Award Winner The Leighton Hill
Excellence Award Winner The Victoria Towers
Merit Winner Mount Beacon
Merit Winner The Beverly Hills
Merit Winner The Palazzo
Small-Scale Residential Property Management (SR) 
Excellence Award Winner Beacon Lodge
Excellence Award Winner Hill Paramount
Merit Winner Regence Royale
Merit Winner The Westminster Terrace
Tenants Purchase Scheme (TPS) & Public Rental Housing (PRH) (TP) 
Excellence Award Winner Ching Ho Estate
Excellence Award Winner Lam Tin Estate
Merit Winner Kwun Lung Lau
Merit Winner Ping Shek Estate
Home Ownership Scheme (HOS) & Private Sector Participation Schemes (PSPS) & Sandwich Class Housing Scheme (SCHS) (HPS) 
Excellence Award Winner Bel Air Heights
Merit Winner Kingston Terrace
Shopping Centre Management (SC) 
Grand Award Winner New Town Plaza
Excellence Award Winner apm
Merit Winner Harbour City
Merit Winner wtc more
Office Building Management (OB) 
Grand Award Winner International Commerce Centre
Excellence Award Winner Skyline Tower
Merit Award AIA Central
Merit Award C-BONS International Center
Merit Award Grand Century Place – Office Towers
Industrial Building Management (IB) 
Excellence Award Winner International Trade Centre
Merit Award CEO Tower
Merit Award Corporation Park
Institutional Facility Management (IF) 
Excellence Award Winner Yan Fook Centre
Merit Award Hong Kong Community College (Hung Hom Bay Campus)
Merit Award Hong Kong Design Institute

This year, QPFMA 2012 has introduced new categories to welcome a wider range of participants, and received an incredible response from the industry. Under the theme of “Championing Innovative Service through Quality Management”, QPFMA 2012 received more than 170 nominations.

Sr. Andrew Lee, Chairman of the Organising Committee, QPFMA 2012, said, “I am glad to see another successful year of QPFMA, and particularly we are pleased that the response to the Award is overwhelming. We hope that by organising QPFMA, the industry can be inspired by the winners and enhance their services, bringing quality property and facility management to the city. We express our sincere gratitude to Sponsors, including Diamond Sponsors: Hong Yip Service Co. Ltd., MTR Corporation Limited; Gold Sponsors: Savills Services Group ( Savills Guardian Group & Savills Property Management Group ), Sunbase International Properties Management Ltd., The Link Management Limited, Urban Group; Silver: Hang Yick Properties Management Limited, Hong Kong Housing Society, The Jardine Engineering Corporation, Limited, Kai Shing Management Services Limited, Shui On Properties Management Limited, Urban Renewal Authority, Well Born Real Estate Management Limited.”

To download high resolution photos of QPFMA 2012 awardees, please visit:

http://www.bdcshk.com/webcontent/QPFMA2012/QPFMA2012_AwardPresentationBanquet_EventPhoto.zip

About QPFMA

First founded in 2010, QPFMA is jointly organised by The Hong Kong Association of Property Management Companies and Hong Kong Institute of Surveyors. The vision is to stimulate greater public recognition for the industry and also champion those that gratify integrity that triumphs success and continuous advancement.

View in PR Newswire Asia website: Quality Property and Facility Management Award 2012 Winners Unveiled

Written by asiafreshnews

May 3, 2013 at 9:02 pm

Posted in All releases

Synutra Participates in the China-France Business Forum

leave a comment »

QINGDAO, China and ROCKVILLE, Md., May 3, 2013 /PRNewswire/ — Synutra International, Inc. (NASDAQ: SYUT), (“Synutra” or the “Company”), which owns subsidiaries in China that produce, market and sell nutritional products for infants, children and adults, announced that on April 25th, 2013, the Company’s Chairman and CEO, Mr. Liang Zhang participated in the China-France Business Forum in Beijing, China.

At the Forum, Mr. Zhang delivered a speech about the Company’s agreement with Sodiaal, Synutra’s partner involved in the development of a new drying facility in Carhaix, France, which intended to manufacture powdered milk and fat-enriched demineralized whey for the Company. Additionally, under the witness of Chinese President Xi Jinping and French President Francois Hollande, Mr. Zhang signed an implementation agreement with Sodiaal’s Chairman, Mr. Gerard Budin related to its industrial and commercial partnership agreement.

The China-France Business Form was organized by Chinese Ministry of Commerce, the Trade Development Council and France-China Committee. Chinese President Xi Jinping and his visiting French counterpart Francois Hollande participated in the forum and made their closing remarks. The purpose of the Forum was to identify ways for the two countries to work together to improve business ties and boost economic prosperity.

Mr. Liang Zhang, Chairman and CEO of Synutra, commented, “It’s a great honor to participate in this high-profile business forum with select companies and top political representatives from both countries. We are pleased to move forward with the development of our French drying facility, and we believe that, when completed, our drying facility will enable Synutra to maintain the highest quality product standards.”

About Synutra International, Inc.

Synutra International, Inc. (Nasdaq: SYUT) is a leading infant formula company in China. It principally produces, markets and sells its products through its operating subsidiaries under the “Shengyuan” or “Synutra” name, together with other complementary brands. It focuses on selling premium infant formula products, which are supplemented by more affordable infant formulas targeting the mass market as well as other nutritional products and ingredients. It sells its products through an extensive nationwide sales and distribution network covering all provinces and provincial-level municipalities in mainland China. As of December 31, 2012, this network comprised over 660 independent distributors and over 690 independent sub-distributors who sell Synutra products in approximately 27,000 retail outlets.

Forward-looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on our current expectations, assumptions, estimates and projections about Synutra International, Inc. and its industry. All statements other than statements of historical fact in this release are forward-looking statements. In some cases, these forward-looking statements can be identified by words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “is/are likely to,” “may,” “plan,” “should,” “will,” “aim,” “potential,” “continue,” or other similar expressions. The forward-looking statements included in this press release relate to, among others, Synutra’s goals and strategies; its future business development, financial condition and results of operations; the expected growth of the nutritional products and infant formula markets in China; market acceptance of Synutra’s products; the safety and quality of Synutra’s products; Synutra’s expectations regarding demand for its products; Synutra’s ability to stay abreast of market trends and technological advances; competition in the infant formula industry in China; PRC governmental policies and regulations relating to the nutritional products and infant formula industries, and general economic and business conditions in China. These forward-looking statements involve various risks and uncertainties. Although Synutra believes that the expectations expressed in these forward-looking statements are reasonable, these expectations may turn out to be incorrect. Synutra’s actual results could be materially different from the expectations. Important risks and factors that could cause actual results to be materially different from expectations are generally set forth in Synutra’s filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this press release. Synutra International, Inc. undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events.

View in PR Newswire Asia website: Synutra Participates in the China-France Business Forum

Written by asiafreshnews

May 3, 2013 at 9:02 pm

Posted in All releases

Insider Trading Buzz for Brocade, MetLife, SunPower, Walter Energy, Prudential Financial, and Lincoln National

leave a comment »

HONG KONG, May 3, 2013 /PRNewswire/ — Pennystocksinsiders.com (PSI) has issued insider trading reports for the following companies: Brocade (NASDAQ:BRCD), MetLife (NYSE:MET), SunPower (NASDAQ:SPWR), Walter Energy (NYSE:WLT), Prudential Financial (NYSE:PRU), and Lincoln National (NYSE:LNC).

(Read full report by clicking the link below, you may need to copy and paste the full link to your browser.)

Report Highlights:

Brocade Communications Systems, Inc. (NASDAQ:BRCD): By the end of last trading session, the shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) plunged US$0.32 (or 5.73%) to US$5.26 with 30.10 million shares exchanged hands, compared to its average daily volume 5.18 million shares. Pennystocksinsiders.com found company CFO, VP of Finance, Daniel W Fairfax, sold his shares at a price of US$5.75 prior the price slump. Pennystocksinsiders.com thinks that it is a clever way to check if insiders like CEOs, CFOs, and Directors in Brocade are starting to buy or sell more company shares. Check this insider trade report for BRCD here.

Read Full Report: http://www.Pennystocksinsiders.com/PR/050313A/BRCD/Brocade.pdf

MetLife, Inc (NYSE:MET): By the end of last trading session, MetLife (NYSE:MET) shares soared 4.09% (or US$1.57) to US$39.97 with about 18.05 million shares exchanged hands for the session, compared to its average volume of 7.90 million shares. Pennystocksinsiders.com found company Director, Hugh B. Price, sold his shares at a price of US$36.54. Pennystocksinsiders.com thinks that it is a clever way to check if insiders like CEOs, CFOs, and Directors in MetLife are starting to buy or sell more company shares. See insider trade report for MET here.

Read Full Report: http://www.Pennystocksinsiders.com/PR/050313A/MET/Metlife.pdf

SunPower Corporation (NASDAQ:SPWR): By the end of last trading, SunPower (NASDAQ:SPWR) shares jumped US$2.29 (or 17.62%) to US$15.29 with about 13.96 million shares exchanged hands for the session, compared to its average volume of 4.25 million shares. Pennystocksinsiders.com found company SVP & Prin Acct Off, Eric Branderiz, sold his shares for about US$103.97 K. Want to know when company insiders will sell their shares? Want to monitor this company on an on-going basis?

Read Full Report: http://www.Pennystocksinsiders.com/PR/050313A/SPWR/SunPower.pdf

Today Pennystocksinsiders.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. It will take some time for insiders to report their trades. Read these reports and add these companies into your Insider Trade Radar.

Walter Energy, Inc. (NYSE:WLT):

Read Full Report: http://www.Pennystocksinsiders.com/PR/050313A/WLT/WalterEnergy.pdf

Prudential Financial, Inc. (NYSE:PRU):

Read Full Report:http://www.Pennystocksinsiders.com/PR/050313A/PRU/PrudentialFinancial.pdf

Lincoln National Corporation (NYSE:LNC):

Read Full Report: http://www.Pennystocksinsiders.com/PR/050313A/LNC/LincolnNational.pdf

Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.

About Pennystocksinsiders.com:

Pennystocksinsiders.com features a team of experienced data analysts striving to provide the investment community with the tools, software, and data necessary to carry out more effective investment research.

Important Disclaimer:

Please visit Pennystocksinsiders.com/disclaimers/index.php for details.

View in PR Newswire Asia website: Insider Trading Buzz for Brocade, MetLife, SunPower, Walter Energy, Prudential Financial, and Lincoln National

Written by asiafreshnews

May 3, 2013 at 9:02 pm

Posted in All releases

Zhongpin Inc. to Host First Quarter 2013 Earnings Conference Call on Friday, May 10, 2013 at 8 a.m. EDT

leave a comment »

BEIJING and CHANGGE, China, May 3, 2013 /PRNewswire/ — Zhongpin Inc. (“Zhongpin,” Nasdaq: HOGS), a leading meat and food processing company in the People’s Republic of China, today announced that it will host its first quarter 2013 earnings conference call and live webcast at 8:00 a.m. Eastern Daylight Time (New York) on Friday, May 10, 2013, which is also 8:00 p.m. in China and Hong Kong on the same day.

The dial-in details for the live conference call are:

1 866 978 9970

United States toll free

1 800 033 457

Australia toll free

1 855 790 8866

Canada toll free

800 803 6103

China mainland toll free land line

400 681 6405

China mainland (small access charge) mobile

400 658 8165

China mainland (small access charge) mobile

8025 0180

Denmark toll free

0805 631 899

France toll free

3027 5500

Hong Kong local

180 940 6949

Israel toll free

005 3112 2600

Japan toll free

8002 8922

Luxembourg toll free

0800 022 7874

Netherlands toll free

800 120 6122

Singapore local

800 600 667

Spain toll free

0800 279 7785

United Kingdom toll free

1 866 978 9970

United States toll free

+852 3027 5500

International dial-in toll call

326 957#

Live call participant access code

The live webcast and archive of the conference call will be available on the Investor Relations section of Zhongpin’s website at http://www.zpfood.com.

A telephone playback of the call will be available after the conclusion of the conference call through 8:00 a.m. Eastern Daylight Time, June 8, 2013.

The dial-in details for the telephone playback are:

1 866 753 0743

United States toll free

1800 792 965

Australia toll free

1 866 518 1652

Canada toll free

800 876 5016

China mainland toll free land line

8088 6774

Denmark toll free

0800 901 585

France toll free

3027 5520

Hong Kong local

0053 1121 925

Japan toll free

800 852 3586

Singapore local

0808 234 7126

United Kingdom toll free

1 866 753 0743

United States toll free

+852 3027 5520

International dial-in toll call

145 136#

Playback conference reference

About Zhongpin

Zhongpin Inc. is a leading meat and food processing company that specializes in pork and pork products, vegetables, and fruits in China. Its distribution network in China covers 20 provinces plus Beijing, Shanghai, Tianjin, and Chongqing and includes 3,490 retail outlets as of December 31, 2012. Zhongpin’s export markets include Europe, Hong Kong, and other countries in Asia.

For more information about Zhongpin, please visit Zhongpin’s website at http://www.zpfood.com.

For more information, please contact:

Zhongpin Inc.

Mr. Sterling Song (English and Chinese)
Director of Investor Relations
Telephone +86 10 8455 4188, extension 106 in Beijing
ir@zhongpin.com

Mr. Warren (Feng) Wang (English and Chinese)
Chief Financial Officer
Telephone +86 10 8455 4388 in Beijing
warren.wang@zhongpin.com

Christensen

Mr. Victor Kuo (English and Chinese)
Telephone +86 10 5826 4939 in Beijing
vkuo@christensenir.com

Mr. Tom Myers (English)
Telephone +86 139 1141 3520 in Beijing
tmyers@christensenir.com

www.zpfood.com

View in PR Newswire Asia website: Zhongpin Inc. to Host First Quarter 2013 Earnings Conference Call on Friday, May 10, 2013 at 8 a.m. EDT

Written by asiafreshnews

May 3, 2013 at 8:08 pm

Posted in All releases

Manufacturing Leadership 100 Innovative Enterprise Award Presented to EAO Corporation for Pioneering HMI Systems Program

leave a comment »

— The initiative’s mixed technologies approach provides unique solutions to clients and opens up further business opportunities for EAO

MOUNTAIN VIEW, Calif., May 3, 2013 /PRNewswire/ — EAO Corporation has been awarded the 2013 Manufacturing Leadership 100 (ML100) Innovative Enterprise Award for its human machine interface (HMI) systems program. This high-growth program not only helps EAO maintain its market leadership in specialized HMI Components but also vastly enhances its capabilities and value proposition, thereby expanding its customer base.

Recognizing a scarcity in the market for design and consultative support to customers, EAO instituted the program with its unique “mixed technologies HMI” approach that integrates all forms of HMI to meet specific end-user application needs and to provide a complete, intuitive, ergonomic and successful HMI System. This increases EAO’s value as an expert partner, allowing it to leverage extensive application knowledge in various markets to offer comprehensive guidance on HMI design and selection as well as supporting safety, regulatory, and ergonomic standards and an array of communication interface protocols. The ability to present multi-disciplined technical solutions as a sole supplier also effectively reduces end-user supply chain requirements.

The program involved a complete overhaul of the sales process at EAO. The company’s sales and customer interaction approach, messaging to the markets, and the implementation of local/lean manufacturing were all enhanced and strengthened within this initiative. As a result, EAO was presented with customer opportunities that were previously not achievable as a standalone component supplier.

Today, the company has a reputation in the market as a complete HMI System developer, integrator, and expert supplier. Since the initiation of the project in 2009, HMI System sales have rapidly increased, and the company anticipates a category CAGR of over 100 percent for each of the next three years.

The sustainable future growth-path created for EAO through the HMI System program as well as the transformative potential it can have on the entire industry makes the company a worthy recipient of the 2013 ML100 Innovative Enterprise Award.

“By understanding the needs of its market and innovating to create a new business model, EAO successfully transformed itself into a company that creates more value for customers,” said Jeff Moad, director of research at the Manufacturing Leadership Community. “This makes EAO a model for other manufacturers and a worthy recipient of the Manufacturing Leadership 100 Award for Innovation.”

Each year, the Manufacturing Leadership Community, the producer of the Manufacturing Leadership Summit and Awards program, presents this award to companies that have demonstrated positive impacts on operating results and process efficiencies through accelerated product and process innovation; collaboration with customers, partners and internal stakeholders; the implementation of standard, measurable processes; and the deployment of advanced technologies.

Manufacturing Leadership Awards:

The ML100 Awards honor companies and individuals that are shaping the future of global manufacturing. Award nominees describe their breakthrough projects using the nomination form. Nominations for breakthrough projects are entered into specific categories and evaluated by a panel of expert judges. Seven of the ML100 categories are for outstanding projects undertaken and completed by a manufacturing company. Four of the categories recognize the achievements of individual manufacturing executives.

For more information, go to http://www.ml100awards.com.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Frost & Sullivan Contact:
Mireya Espinoza
Corporate Communications — North America
P: +1-210-247-3870
F: +1-210-348-1003
E: mireya.espinoza@frost.com

About EAO

EAO Corporation is a technology leader in Human Machine Interface (HMI) Systems and Components. Founded more than 60 years ago in Olten, Switzerland, EAO is a global manufacturer of a full line of HMI Components, including switches and keypads, as well as complete HMI Systems. For more information, visit our web site at www.eao.com or contact EAO at 98 Washington Street, Milford, CT 06460; Telephone: +1-203-877-4577; Fax: +1-203-877-3694. Send E-mail inquiries to sales.eus@eao.com.

EAO Contact:
Dan DiGioia, Marketing Manager
EAO Corporation
P: +1-203-877-4577
F: +1-203-877-3694
Dan.digioia@eao.com

View in PR Newswire Asia website: Manufacturing Leadership 100 Innovative Enterprise Award Presented to EAO Corporation for Pioneering HMI Systems Program

Written by asiafreshnews

May 3, 2013 at 7:47 pm

Posted in All releases