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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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September 26, 2014
08:31 EDTJSTJinpan establishes independent committee to evaluate going private proposal
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September 22, 2014
08:34 EDTJSTJinpan announces receipt of 'going private' proposal at $8.80 per share
Jinpan announced that its board has received a preliminary, non-binding proposal letter dated September 21, 2014 from Li Zhiyuan, the company's Chairman of the Board, President, and CEO 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 for $8.80 per common share, subject to certain conditions. According to the proposal letter, an acquisition vehicle will be formed for the purpose of completing the acquisition, and the acquisition is intended to be financed through a combination of debt and equity capital. The Company expects that its board will form a special committee consisting of independent directors to consider this proposal. The company also expects that the Independent Committee will retain a financial advisor and legal counsel to assist it in its work.

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