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Stock Market & Financial Investment News

News Breaks
March 8, 2013
16:04 EDTJSTJinpan delcares Q1 dividend of 3c per share
The dividend will be payable on March 28 to shareholders of record as of March 21.
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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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