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Stock Market & Financial Investment News

News Breaks
February 14, 2014
08:01 EDTVIPSVipshop acquires controlling interest in Lefeng for $132.5M
Vipshop announced that it has acquired a 75% equity interest in Lefeng.com Limited from Ovation Entertainment Limited. Immediately after the acquisition, the Company and Ovation hold 75% and 25%, respectively, of Lefeng. The total consideration payable by the Company for the acquisition is approximately $132.5M, including cash payment and financing in connection with assumed liabilities. In connection with the acquisition, Vipshop entered into a framework supply agreement with the PRC affiliates of Lefeng and Ovation. Pursuant to the agreement, Ovation will supply cosmetics, apparel and other consumer products developed under Ovation's proprietary brands to Vipshop for retail through vip.com and lefeng.com while Vipshop undertakes to achieve at least RMB900 million of sales of Ovation products in 2014 and has a right to receive progressive commissions based on the sales volume.
News For VIPS From The Last 14 Days
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September 18, 2014
11:34 EDTVIPSVipshop volatility low on wide price movement
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September 16, 2014
08:02 EDTVIPSVipshop's shareholders voted dual class share structure
Vipshop Holdingsannounced that, at the annual general meeting of shareholders held on September 15, the Company's shareholders voted in favor of the proposal to adopt a dual-class share structure, pursuant to which the Company's authorized share capital shall be re-classified and re-designated into Class A ordinary shares and Class B ordinary shares, with each Class A ordinary share being entitled to one vote and each Class B ordinary share being entitled to ten votes on all matters that are subject to shareholder vote, as well as the proposal to amend and restate the Company's memorandum and articles of association to reflect the adoption of the Dual-class Share Structure and other related matters.
September 15, 2014
13:00 EDTVIPSVipshop volatility at historic lows as shares pullback from record high
Vipshop September call option implied volatility is at 51, October is at 45, January is at 50; compared to its 26-week average of 68 according to Track Data, suggesting decreasing price movement.

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