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Stock Market & Financial Investment News

News Breaks
June 13, 2014
08:00 EDTSFUNSouFun price target lowered to $15 from $18 at Brean Capital
Brean Capital lowered its price target on SouFun to $15 from $18 citing the company's aggressive plan announced yesterday to maintain its market standing in listing services and soften its recent resistance by secondary listing agencies. The firm expects top line growth and margins to be negatively impacted, but continues to view it as a long-term story for investors and keeps its Buy rating on the stock.
News For SFUN From The Last 14 Days
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February 3, 2016
07:55 EDTSFUNSouFun provides update on acquisition of Wanli New Energy
SouFun provided a further update on its acquisition of a controlling stake in Chongqing Wanli New Energy, a company listed on the Shanghai Stock Exchange, and the sale of Wanli's assets. Wanli has advised the company that it received an inquiry letter from the SSE dated January 28 with respect to the Restructuring, and had commenced preparing its responses in a timely manner and already applied to the SSE for an extension of time to submit the responses. The consummation of the foregoing transactions remains subject to the requisite internal approvals of the relevant parties and regulatory clearance.

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