Brazilian homebuilder JHSF plans share offering
SAO PAULO, July 6 (Reuters) – Brazilian homebuilder JHSF Participações said in a securities filing on Monday it is planning a share offering that may reach up to 400 million reais ($75.3 million).
The company plans to issue 41 million new shares, and one of the shareholders may also sell 3.4 million shares. Considering closing price on Friday, the company would raise around 373 million reais and the shareholder, almost 31 million reais.
JHSF said in the filing it aims to price the issue on July 15, and will use the proceeds for expansion. ($1 = 5.3143 reais) (Reporting by Tatiana Bautzer; Editing by Catherine Evans)
Stock Alert: Niu Technologies Stock Up 16% In Premarket On Q2 E-Scooter Sales Growth
Shares of Niu Technologies (NIU) are rising over 16% in pre-market today, after the company announced a 61.2% growth in second-quarter e-scooter sales.
The stock has been trading in the range of $5.33 – $19.99 for the past one year, and closed Thursday’s trade at $18.25, up $1.92 or 11.76%. NIU is currently trading at $21.35, up $3.10 or 16.99% in the pre-market session.
In the second quarter of 2020, NIU sold 160,138 e-scooters, representing a 61.2% year-over-year growth. The number of e-scooters sold in China market reached 154,959, representing an 81.0% year-over-year growth, while the number of e-scooter sold in the international markets reached 5,179, a decrease of 62.3% compared with the second quarter of last year.
In the first two quarters of 2020, NIU sold about 200,298 e-scooters, representing a 20.9% year-over-year growth. The number of e-scooters sold in China market and international markets reached 189,275 and 11,023, respectively.
Robocall Ban Upheld, Broadened by Supreme Court in Speech Case
The U.S. Supreme Court upheld the federal ban on robocalls to mobile phones, rejecting a bid to topple the law on free speech grounds.
As part of the ruling, the court broadened the 1991 measure, tossing out an exception it contained for calls made to collect debt owed to the federal government.
The ruling is a defeat for political groups that had sought a new avenue for campaign activity in the months leading up to the November election.
Croda To Acquire Avanti Polar Lipids – Quick Facts
Croda International Plc (CRDA.L) has agreed to acquire Avanti Polar Lipids, Inc. for an initial consideration of $185 million on a debt and cash-free basis, with an additional earnout of up to $75 million based on near-term commercial opportunities using Avanti’s lipid-based solutions. The acquisition is being financed by a three-year term loan, Croda said.
Avanti is a technology-rich business that operates globally from one site in Alabama in the United States of America. Avanti creates and makes high-purity polar lipids that are increasingly being used as delivery systems for complex therapeutic drugs and in next-generation mRNA vaccines.
On completion of the deal, Avanti will continue to operate under its existing brand, led by the current management team. It will become a part of Croda’s Life Sciences sector.
ViacomCBS And Dish Network Ink Multi-Year Carriage Renewal
ViacomCBS (nd DISH Network Monday announced a multi-year renewal of their carriage agreement to continue delivering ViacomCBS’s portfolio of broadcast, entertainment, news and sports networks to subscribers of DISH and OTT service Sling TV.
Terms of the agreement were not disclosed.
Dish is a tough negotiator and has has shown a willingness to yank programming as costs rise. Most recently in June it took the NFL Network and NFL Redzone off its U.S. satellite service and Sling TV. It severed ties with a handful of regional sports networks (RSNs), previously owned by Fox now owned by Sinclair Broadcast Group, last year. And it hasn’t carried HBO since 2018. Univision was off the service for long stretch.
ViacomCBS has also been tough and had a hard fought carriage battle with Dish in 2016 that came very close to having the then Philippe Dauman-led company’s network’s go dark on Dish. They resolved the dispute at the last minute with a multi-year deal.
Dish and Sling have more than 11 million subs. Dish’ traditional satellite subscribers are dwindling amid cord cutting and pressure on legacy media. Sling TV, the first and still one of the biggest OTT service to offer consumers an alternative to the traditional cable and satellite bundle, lost subscribers in the last two quarter for the first time.
Dish is in the process of transforming itself, last week closing on the $1.4 billion purchase of Boost Mobile from T-Mobile USA as it expands in wireless with a new 5G network.
8 Feared Dead After 2 Planes Collide At Idaho Lake
All the eight passengers on board two planes that collided over an Idaho lake and sank are believed dead, reports quoting police said.
The aircraft had collided over the Coeur d’Alene Lake e near Powderhorn Bay at around 2:20 p.m local time (4:20 p.m. E.T.) Sunday, Lt. Ryan Higgins of the Kootenai County Sheriff’s Office said.
“Initial reports are, there were a total of 8 passengers and crew on the two planes, but that is still being verified. At this time it is believed there are no survivors,” he said in a statement.
Multiple Marine Units, US Coast Guard Units, Fire Units from Worley Fire, CDA Fire and Eastside Fire also responded to the incident.
Two victims were pulled from the water dead.
The bodies of the remaining six victims, including children, are still not recovered, but they are feared to be dead.
The planes were located by the Sheriff’s Office Sonar Team in 127 feet of water.
The reason for the collision or the number of passengers on board the ill-fated planes were not known.
The Kootenai County Sheriff’s Office said the National Transportation Safety Board will investigate the accident.