Month: August 2020

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICESTORONTO, Aug. 14, 2020 (GLOBE NEWSWIRE) — Partners Value Investments LP (the “Partnership”, TSXV: PVF.UN and PVF.PR.U) and its subsidiary, Partners Value Investments Inc. (the “Issuer” and together with the Partnership, the “Companies”, TSXV: PVF.WT), announced today that the Issuer has agreed to issue CDN$150 million of senior unsecured notes due 2027 (the “Notes”). The Notes will bear interest at a rate of 4.375% per annum, payable semi-annually and will mature on November 15, 2027. The net proceeds from the sale of the Notes will be used for general corporate purposes. The offering is expected to close on or about August 21, 2020, subject to customary closing conditions.The Notes will be sold on a private placement basis to accredited investors...

DALLAS, Aug. 14, 2020 (GLOBE NEWSWIRE) — P10 Holdings, Inc. (OTC:PIOE) has released their Second Quarter 2020 Report to Stockholders.  This report can be found at www.p10holdings.com under the Quarterly Results section of the Investor Relations page.About P10 HoldingsP10 Holdings is an alternative asset management investment firm located in Dallas, Texas.  The firm’s purpose is to create long-term value for P10 Holdings shareholders by providing superior risk-adjusted returns to its Limited Partners through private equity funds, funds-of-funds, secondary funds, and co-investment funds, as well as private credit solutions provided by its subsidiaries, RCP Advisors (www.rcpadvisors.com) and Five Points Capital (www.fivepointscapital.com).  The firm intends to provide additional investment vehicles in other areas of alternative asset...

LONGVIEW, Texas, Aug. 14, 2020 (GLOBE NEWSWIRE) — Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD) –The Company announced today its results of operations for the first quarter. For the quarter ended June 30, 2020 (the “2020 quarter”), the Company recorded a net loss of $858,862 ($0.12 diluted loss per share) on net sales of $23,524,600 compared to net earnings of $194,772 ($0.03 diluted earnings per share) on net sales of $40,975,320 for the quarter ended June 30, 2019 (the “2019 quarter”).The Company’s operating results for both the 2020 quarter and the 2019 quarter were negatively impacted by declining hot-rolled steel prices but the 2020 quarter was impacted additionally by a decline in volume primarily related to impacts of the COVID-19 pandemic.COIL SEGMENT OPERATIONSCoil segment sales for the...

SHOUGUANG, China, Aug. 14, 2020 (GLOBE NEWSWIRE) — Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources”, “we,” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced its unaudited financial results for the second quarter ended June 30, 2020 and provided a business update for shareholders.The Company believes the second quarter of 2020 was a transformative period for Gulf Resources. While our revenues were small and we sustained a loss during the second quarter of 2020, we believe the following recent events are positive to our business, including:We commenced commercial production in factories #1 and #7 on April 3, 2020 and factories #4 and #9 on May 6 2020.We received an approval to begin construction of our new chemical factory and commenced...

MIAMI, FL, Aug. 14, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Progressive Care Inc. (OTCQB: RXMD) (“Progressive Care” or the “Company”), a personalized healthcare services and technology company, today announced that Shital Parikh Mars, Chief Executive Officer (“CEO”) and member of the Board of Directors (the “Board”), notified the Board of Directors of her resignation from such positions on August 10, 2020, to pursue other opportunities. The Board accepted the resignation on August 13, 2020.Alan Jay Weisberg, Chairman of the Board, commented, “We extend our gratitude to Shital for her leadership of the Company during these challenging times. Shital has played a critical role in the Company’s overall performance and recent development of its healthcare technology services. We wish Shital all the best in her future endeavors.”Cautionary...

La production de véhicules légers en Amérique du Nord et en Europe, qui représentent nos marchés les plus importants, est en baisse de 70 % et 59 %  respectivement; la production mondiale de véhicules légers recule de 42 %Les effets estimatifs du COVID-19 s’élèvent à environ 5,5 milliards de dollars sur les ventes, et 1,2 milliard de dollars sur le bénéfice d’exploitation avant imposition et le BAII ajustéLes ventes ont décru de 58 % à 4,3 milliards de dollars, la perte sur le bénéfice dilué par action s’établit à 2,17 dollars au deuxième trimestre, contre 1,42 dollar pour la période comparable en 2019.Réajustement des perspectives financières pour 2020AURORA, Ontario (Canada), 14 août 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX : MG ; NYSE : MGA) a annoncé aujourd’hui ses résultats financiers pour...

Die Produktion von leichten Nutzfahrzeugen ist in unseren wichtigsten Produktionsmärkten in Nordamerika und Europa um 70 % bzw. 59 % zurückgegangen. Die weltweite Produktion von leichten Nutzfahrzeugen sank um 42 %.Geschätzte Auswirkungen von COVID-19 von ca. 5,5 Milliarden USD auf den Umsatz und 1,2 Milliarden USD auf das operative Ergebnis vor Ertragsteuern und bereinigtem EBITDer Umsatz von 4,3 Milliarden USD ist um 58 % zurückgegangen, der verwässerte Gewinn (Verlust) je Aktie betrug (2,17) USD im Vergleich zu 1,42 USD im zweiten Quartal 2019Aktualisierte Finanzprognose für 2020AURORA, Ontario, Aug. 14, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) gab heute sein Geschäftsergebnis für das zweite Quartal mit Abschluss zum 30. Juni 2020 bekannt. Don Walker, Chief Executive Officer von Magna: „Unsere Ergebnisse...

FRISCO, TX, Aug. 14, 2020 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (NYSE:CRK) (“Comstock” or the “Company”) announced today that it has priced its public offering of $300 million of its 9.75% Senior Notes due 2026 (the “Notes”).  The Notes were priced at 100.5% of par.  The size of the offering was increased from the previously announced $200 million to $300 million.The offering is expected to close on August 19, 2020, subject to customary closing conditions.  The net proceeds from the offering will be approximately $296 million, after deducting underwriting discounts and commissions and estimated offering expenses.  The Company intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding under the Company’s bank credit facility. The Notes are a further issuance of the 9.75% senior unsecured...

HANGZHOU, China, Aug. 14, 2020 (GLOBE NEWSWIRE) — Ruhnn Holding Limited (“ruhnn” or the “Company”) (NASDAQ: RUHN), a leading internet key opinion leader (“KOL”) facilitator in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended March 31, 2020 with the Securities and Exchange Commission (“SEC”) on August 14, 2020. The annual report is available on the Company’s website at ir.ruhnn.com and on the SEC’s website at www.sec.gov.The Company will provide a hard copy of the annual report, free of charge, to its shareholders and ADS holders upon written request. Requests should be directed to Investor Relations, Ruhnn Holding Limited, 11F, Building 2, Lvgu Chuangzhi Development Center, 788 Hong Pu Road, Jianggan District, Hangzhou, Zhejiang Province, 310016, People’s Republic of China.The Company...

NEW YORK, Aug. 14, 2020 (GLOBE NEWSWIRE) — Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it has priced an underwritten public offering of $400 million aggregate principal amount of 2.700% senior unsecured notes due September 15, 2030 at a price equal to 99.233% of the principal amount, to yield 2.788%.The offering is subject to the satisfaction of customary closing conditions and is expected to close on August 28, 2020.Lexington intends to use the net proceeds from the offering to fund the previously announced tender offers for up to the maximum combined aggregate principal amount of $300 million of its outstanding 4.25% senior notes due 2023 and 4.40% senior notes due 2024, with any remaining net proceeds to...