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News Breaks
November 14, 2012
06:34 EDTJSTJinpan sees FY12 revenue $208M-$219M, 1 estimate $208.03M
Sees net income $13.2M-$14.3M, a decrease of 40%-45% compared to 2011, and gross profit margin of 33%-34% of net sales.
News For JST From The Last 14 Days
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October 7, 2015
16:07 EDTJSTJinpan hires Duff & Phelps as independent financial advisor
Jinpan announced that the special committee of the company's Board of Directors has retained Duff & Phelps, LLC as its independent financial advisor, and Gibson, Dunn & Crutcher LLP as its independent legal counsel. As previously announced, the company's Board of Directors formed the Special Committee to review and evaluate the preliminary, non-binding proposal letter dated September 15, 2015 from Zhiyuan Li, the company's Chairman of the Board of Directors, President, and CEO and Forebright Smart Connection Technology Limited, to acquire all of the outstanding common shares of the company not currently owned by the Buyer Parties in a going private transaction. The Board of Directors cautions the company's shareholders and others considering trading in its securities that no decisions have been made by the Special Committee with respect to the company's response to the proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The company does not undertake any obligation to provide any updates with respect to the proposed transaction, except as required under applicable law.
September 29, 2015
16:09 EDTJSTJinpan forms committee to evaluate going private proposal
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