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Stock Market & Financial Investment News

News Breaks
January 23, 2013
16:11 EDTJSTJinpan completes construction of cast resin transformer manufacturing facility
Jinpan International has completed construction of a new cast resin transformer manufacturing facility in Guilin, Guangxi, China.The Guilin Facility is built on thirty-eight acres of land zoned for industrial development acquired by the company in 2011. The company has completed construction of four factory buildings, three employee dormitory buildings, and one multifunctional office building, which comprise the Guilin Facility. Management expects the Guilin Facility to begin formal operations in March and to gradually ramp up production over the next two to three year period.
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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