ADS

Renesas Announces Termination of Memorandum of Understanding and Tender Offer for Proposed Acquisition of Sequans

Retrieved on: 
Friday, February 23, 2024

The previously announced tender offer has also been terminated by Renesas.

Key Points: 
  • The previously announced tender offer has also been terminated by Renesas.
  • As a result, Renesas exercised its right to terminate the MOU, and as a result of such termination, the tender offer has also been terminated.
  • As a result of the termination of the MOU and termination of the tender offer, no ordinary shares or ADSs of Sequans will be purchased by Renesas in the tender offer and all ordinary shares and ADSs previously tendered but not withdrawn will be promptly returned.
  • This communication constitutes a formal notification of the expiration of the tender offer and a formal notification that Renesas will not accept for purchase any ordinary shares or ADSs of Sequans tendered in connection with the tender offer.

Keysight, Intel Foundry Partner to Certify Electromagnetic Simulation Software for Intel 18A Process Technology

Retrieved on: 
Wednesday, February 21, 2024

Keysight Technologies, Inc. (NYSE: KEYS) announces that the RFPro electromagnetic (EM) simulation software, part of the Keysight EDA Advanced Design System (ADS) integrated tool suite, is now certified by Intel Foundry for design engineers targeting Intel 18A process technology.

Key Points: 
  • Keysight Technologies, Inc. (NYSE: KEYS) announces that the RFPro electromagnetic (EM) simulation software, part of the Keysight EDA Advanced Design System (ADS) integrated tool suite, is now certified by Intel Foundry for design engineers targeting Intel 18A process technology.
  • Suk Lee, Vice President of Ecosystem Technology Office at Intel Foundry, said: “Intel Foundry has been successfully collaborating with Keysight EDA to achieve certification of Intel 18A technology with Keysight’s RFPro, which means that simulation of different inductors attained highly precise correlation per Intel Foundry’s certification standards.
  • Our collaboration has produced tool certification of Keysight’s RFPro electromagnetic simulator for Intel Foundry’s leading-edge Intel 18A process technology.
  • Beyond this first tool certification, we will continue working with Intel Foundry on simulation support for future process technologies.”

Corporación Inmobiliaria Vesta Reports Fourth Quarter 2023 Earnings Results

Retrieved on: 
Thursday, February 22, 2024

de C.V., (“Vesta”, or the “Company”) (BMV: VESTA; NYSE: VTMX), a leading industrial real estate company in Mexico, today announced results for the fourth quarter ended December 31, 2023.

Key Points: 
  • de C.V., (“Vesta”, or the “Company”) (BMV: VESTA; NYSE: VTMX), a leading industrial real estate company in Mexico, today announced results for the fourth quarter ended December 31, 2023.
  • Vesta delivered outstanding financial results for the full year 2023, achieving US$ 214.5 million in total income; a 20.5% year over year increase exceeding the upper range of its 19-20% revenue guidance for the full year 2023.
  • Vesta’s fourth quarter 2023 total portfolio occupancy reached 93.4%, while stabilized and same-store occupancy reached 96.7% and 97.0%, respectively.
  • During the fourth quarter, Vesta sold 8.5 hectares of land in Aguascalientes for US$ 5.1 million.

Advanced Drainage Systems Named by Newsweek as one of America’s Most Responsible Companies in 2024

Retrieved on: 
Wednesday, February 21, 2024

Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and onsite septic wastewater industries, announced it has been named to Newsweek’s list of America’s Most Responsible Companies 2024.

Key Points: 
  • Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and onsite septic wastewater industries, announced it has been named to Newsweek’s list of America’s Most Responsible Companies 2024.
  • “ADS is once again honored to be recognized as one of the country’s most responsible companies,” said ADS President and CEO Scott Barbour.
  • America’s Most Responsible Companies ranking focuses on a holistic view of corporate responsibility that considers all three pillars of ESG: Environment, Social, and Corporate Governance.
  • The final list recognizes the top 600 most responsible companies in the United States, spanning 14 industries.

iClick Interactive Asia Group Limited Announces Shareholders' Approval of Merger Agreement

Retrieved on: 
Friday, March 8, 2024

Each shareholder has one vote for each Class A Share or 20 votes for each Class B Share.

Key Points: 
  • Each shareholder has one vote for each Class A Share or 20 votes for each Class B Share.
  • The Merger Agreement, the Plan of Merger and the transactions contemplated thereby, including the Merger, were approved by approximately 99.77% of the total votes cast at the EGM.
  • The completion of the Merger is subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement.
  • The Company will work with the other parties to the Merger Agreement towards satisfying all other conditions precedent to the Merger set forth in the Merger Agreement and completing the Merger as quickly as possible.

Yatsen Announces Plan to Implement ADS Ratio Change

Retrieved on: 
Friday, March 8, 2024

For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-five reverse ADS split.

Key Points: 
  • For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-five reverse ADS split.
  • A post-effective amendment to the ADS Registration Statement on Form F-6 will be filed with the SEC to reflect the change in the ADS Ratio.
  • The change in the ADS Ratio will have no impact on the Company's underlying Class A ordinary shares, and no Class A ordinary shares will be issued or cancelled in connection with the change in the ADS Ratio.
  • As a result of the change in ADS Ratio, the ADS trading price is expected to increase proportionately, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be equal to or greater than five times the ADS trading price before the change.

Full Truck Alliance Co. Ltd. Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Thursday, March 7, 2024

GUIYANG, China, March 7, 2024 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • GUIYANG, China, March 7, 2024 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • Fulfilled orders[2] in the fourth quarter of 2023 reached 45.8 million, an increase of 40.4% from 32.6 million in the same period of 2022.
  • Mr. Simon Cai, Chief Financial Officer of FTA, added, "We ended 2023 with strong fourth quarter revenue and profit growth in a disruptive external environment.
  • See "Use of Non-GAAP Financial Measures" and "Reconciliations of GAAP and Non-GAAP Results" at the end of this press release.

SOHU.COM REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 UNAUDITED FINANCIAL RESULTS

Retrieved on: 
Monday, March 4, 2024

Thanks to these efforts, our bottom-line performance hit the high end of our guidance for the fourth quarter of 2023.

Key Points: 
  • Thanks to these efforts, our bottom-line performance hit the high end of our guidance for the fourth quarter of 2023.
  • GAAP operating loss was US$25 million, compared with an operating loss of US$6 million in the fourth quarter of 2022 and an operating loss of US$21 million in the third quarter of 2023.
  • Non-GAAP operating loss was US$26 million, compared with an operating loss of US$5 million in the fourth quarter of 2022 and an operating loss of US$20 million in the third quarter of 2023.
  • GAAP income tax expense was US$14 million, compared with income tax expense of US$7 million in the fourth quarter of 2022 and income tax expense of US$15 million in the third quarter of 2023.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Temenos AG - TMSNY

Retrieved on: 
Sunday, March 3, 2024

NEW YORK, March 3, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Temenos AG ("Temenos" or the "Company") (OTC: TMSNY).

Key Points: 
  • NEW YORK, March 3, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Temenos AG ("Temenos" or the "Company") (OTC: TMSNY).
  • The investigation concerns whether Temenos and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • On February 15, 2024, Hindenburg Research ("Hindenburg") published a report entitled "Temenos: Major Accounting Irregularities, Failed Products and An Illusive Turnaround."
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Evolution AB - EVVTY

Retrieved on: 
Sunday, March 3, 2024

NEW YORK, March 3, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Evolution AB ("Evolution" or the "Company") (OTC: EVVTY).

Key Points: 
  • NEW YORK, March 3, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Evolution AB ("Evolution" or the "Company") (OTC: EVVTY).
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • The class action concerns whether Evolution and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.