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Stock Market & Financial Investment News

News Breaks
November 29, 2012
17:04 EDTJSTJinpan announces change from semi-annual to quarterly dividends
Zhiyuan Li, CEO of Jinpan, commented: "We are pleased to continue our cash dividend for the ninth consecutive year. Dividends that will be distributed in December 2012 and in 2013 will total 16c per common share, which represents a 14% increase over dividends of 14c per common shares that we paid in each of 2010, 2011 and from January to November of 2012. We decided to pay a special dividend in December 2012 so investors can maximize the value of their proceeds prior to any potential tax increase on dividends in 2013. Our decision to begin paying dividends quarterly reflects our confidence in our ability to generate earnings in both prosperous and challenging times, our ongoing commitment to return value to shareholders, and our optimism about the future of Jinpan as we prepare to make operational our fourth China-based manufacturing facility in Guilin."
News For JST From The Last 14 Days
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November 10, 2014
08:31 EDTJSTJinpan engages Duff & Phelps as financial advisor
Jinpan announced that its special committee of the company's board has retained Duff & Phelps, LLC as its independent financial advisor. As previously announced, the company's board formed the Special Committee to review and evaluate the preliminary, non-binding proposal letter dated September 21, 2014 from Zhiyuan Li, the Company's Chairman of the board, President, and Chief Executive Officer and FNOF E&M Investment Limited, to acquire all of the outstanding common shares of the Company not currently owned by the Buyer Parties in a going private transaction.

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