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China New Borun Reports on Annual Meeting

China New Borun Reports on Annual Meeting

China New Borun Corporation (NYSE: BORN), a leading producer of corn-based edible alcohol in China, recently reported the results of its annual meeting where three directors were re-elected, two new directors were elected, and the company’s auditor, BDO China Shu Lun Pan CPA LLP, was reappointed.

China New Borun Corporation (NYSE: BORN; “Borun” or the “Company”), a leading producer and distributor of corn-based edible alcohol in China, today announced that all shareholders resolutions proposed at the Company’s 2012 annual general meeting held today at the Company’s headquarters in Shouguang were duly passed. Specifically, the shareholders passed the following resolutions:

  • The re-election of Mr. Hengxiu Song, Mr. Jinmiao Wang , and Mr. Binbin Jiang , as directors of the Company, to hold office until the close of the next annual general meeting.
  • The election of Mr. Wen Jiang and Mr. Xisheng Lu, as directors of the Company, to hold office until the close of the next annual general meeting.
  • The re-appointment of BDO China Shu Lun Pan Certified Public Accountants LLP as the independent auditor for the Company for the fiscal year ending December 31, 2012.

About China New Borun Corporation

China New Borun Corporation (NYSE: BORN) is a leading producer and distributor of corn-based edible alcohol in China. Borun’s edible alcohol products are primarily sold as an ingredient to producers of baijiu, a popular grain-based alcoholic beverage that is sold throughout China in retail stores, restaurants and bars. The Company also produces DDGS Feed, liquid carbon dioxide and crude corn oil as by-products of edible alcohol production. China New Borun is based in Shouguang, Shandong Province. Additional information about the company can be found at and in documents filed with the U.S. Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at

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Baidu Set to Report Earnings on February 4th

Baidu Set to Report Earnings on February 4th

Baidu Inc. (NASDAQ: BIDU), a leading Chinese Internet search provider, is set to report earnings after the market closes on February 4, 2013. After Google shut down its Chinese search operations, the company’s market share has ballooned to over 80%, but the political environment in China remains very uncertain, creating a significant risk for outside investors.

Baidu, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2012, after the U.S. market closes on February 4, 2013. Baidu’s management will hold an earnings conference call at 8:00 PM on February 4, 2013, U.S. Eastern Time (9:00 AM on February 5, 2013, Beijing/Hong Kong Time).

(Logo: )

Dial-in details for the earnings conference call are as follows:

International: +65-6723-9381
US: +1-718-354-1231
UK: +44-20-3059-8139
Hong Kong: +852-2475-0994
Passcode for all regions: 89724453

A replay of the conference call may be accessed by phone at the following number until February 11, 2013:

International: +61-2-8199-0299
Passcode: 89724453

Additionally, a live and archived webcast of this conference call will be available at

About Baidu

Baidu, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best way for people to find information. In addition to serving individual Internet search users, Baidu provides an effective platform for businesses to reach potential customers. Baidu’s ADSs trade on the NASDAQ Global Select Market under the symbol “BIDU”. Currently, ten ADSs represent one Class A ordinary share.

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LDK Solar Signs Share Purchase Agreement

LDK Solar Signs Share Purchase Agreement

LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of products for the solar industry, recently announced that it entered into a share purchase agreement with Fulai Investments Limited, which has agreed to purchase 17 million newly issued ordinary shares of LDK Solar at a price of $1.83 per share. While the deal may involve dilution of the company’s stock, the share price represents an attractive premium over recent prices in mid-to-late 2012.

LDK Solar Co., Ltd. (“LDK Solar”) (NYSE: LDK), a leading vertically integrated manufacturer of photovoltaic products, today announced that it has entered into a share purchase agreement dated January 21, 2013 with Fulai Investments Limited, which has agreed to purchase 17,000,000 newly issued ordinary shares of LDK Solar, at a purchase price of US$1.83 per share with an aggregate purchase price of US$31,110,000, subject to the terms and conditions of the share purchase agreement, including a lock-up for 180 days from the closing date of the contemplated transactions.

Pursuant to the share purchase agreement, the parties will endeavor to fulfill the closing conditions to consummate the transactions prior to February 28, 2013. Fulai Investments also has the right to designate two non-executive directors to the LDK Solar board upon consummation of the transactions.  The net proceeds will be used for general corporate purposes in LDK Solar’s operations.

About LDK Solar (NYSE: LDK)
LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar’s headquarters and principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People’s Republic of China. LDK Solar’s office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit

About Fulai Investments
Fulai Investments Limited is company incorporated and existing under the laws of the British Virgin Islands wholly owned by Mr. Cheng Kin Ming, a Chinese merchant conducting business in Hong Kong.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, LDK Solar’s ability to raise additional capital to finance its operating activities, the effectiveness, profitability and marketability of its products, the future trading of its securities, the ability of LDK Solar to operate as a public company, the period of time during which its current liquidity will enable LDK Solar to fund its operations, its ability to protect its proprietary information, the general economic and business environment and conditions, the volatility of LDK Solar’s operating results and financial condition, its ability to attract and retain qualified senior management personnel and research and development staff, its ability to timely and efficiently complete its ongoing projects, and other risks and uncertainties disclosed in LDK Solar’s filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar’s management as of the date hereof and on its current expectations, assumptions, estimates and projections about LDK Solar and the PV industry. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.

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Changfeng’s Pipeline Project Moves Forward

Changfeng’s Pipeline Project Moves Forward

Changfeng Engergy Inc. (TSXV: CFY), a natural gas utility in China, recently announced that it completed key safety and inspection testing of its Xiangdong pipelined gas distribution project. To date, some 7.5km of pipeline has been buried underground, setting the stage for potential upside when it comes operational on a commercial level.

Changfeng Energy Inc. (“Changfeng” or the “Company”) (TSX VENTURE:CFY), a natural gas utility in China, announced today that the Company has completed the preoperational inspection and safety testing of its Xiangdong pipelined gas distribution project (the “Xiangdong Project”) located in the Xiangdong district, Pingxiang city, Jiangxi Province, China. As a result, the pipeline and its facilities are ready for the commercial natural gas distribution.

The Xiangdong Project, the Company’s first pipelined gas distribution project in Mainland China, was launched in early 2010 and the first phase of construction of this project inside the Pingxiang Industrial Ceramic Park (the “Park”) commenced in November 2011. To date, approximately 7.5 kilometers (4.66 miles) of pipeline has been buried underground, and a set of CNG (compressed natural gas) pressure regulators and gas processing facilities were installed.

To view “Figure 1: An on-site technician is checking the pressure regulator“, please visit the following link:

To view “Figure 2: From left to right, representatives from Changfeng, the local customer, and the local government participated in igniting the gas for safety testing in the Park“, please visit the following link:

About Changfeng Energy Inc.

Changfeng Energy Inc., is a local natural gas distribution company (“LDC” or natural gas utility) with operations located throughout the southern part of People’s Republic of China. The Company serves industrial, commercial and residential customers, providing them with natural gas for heating purposes and fuel for transportation. The Company has developed a significant natural gas pipeline network as well as urban gas delivery networks, stations, substations and gas pressure regulating stations in Sanya City & Haitang Bay. Through its network of pipelines, the Company provides safe and reliable delivery of natural gas to both homes and businesses. The Company is headquartered in Toronto, Ontario and its shares trade on the Toronto Venture Exchange under the trading symbol “CFY”. For more information, please visit the Company website

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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