Team, Inc. (Nasdaq:TISI) recently reported that it purchased Quest Integrity Group, LLC , a privately held advanced inspection services and engineering assessment company. Team effectively purchased 95% of Quest Integrity for a total consideration of $42.6 million, consisting of a cash payment of $39.1 million and the issuance of $3.5 million in TISI restricted common stock.
Headquartered in Alvin, Texas, Team Inc. is a leading provider of specialty industrial services required in maintaining and installing high-temperature and high-pressure piping systems and vessels that are utilized extensively in the refining, petrochemical, power, pipeline and other heavy industries.
HIRU, Hiru Corporation, HIRU.PK
HIRU, through its subsidiary, Jiangxi RongYu Pharmaceutical Group Co., Ltd., produces Chinese herbs for the naturopathic industry in China. HIRU manufactures herbal supplements containing ginseng.
HIRU subsidiary Jiangxi Shaungshi Pharmaceutical Co., Ltd (Shaungshi AHP) launched the Jiangxi Shaungshi Biological Medicines Institute.
Shuangshi AHP is currently researching several new veterinary drugs for development within the next two years. The company launched this new institute to strengthen and speed up the research and development processes. The Institute will allow the company a better focus and concentration of its talent in bio-tech development and research. Shaungshi AHP has elected Li Rui to be director of the institute.
HIRU intends to continue its work in the development, production and marketing of both well-established and new veterinary drugs, and nutritional additives (amino acids, vitamins, trace elements, etc.) for the Chinese market.
Last July, HIRU reported that its subsidiary Jiangxi Shuangshi Animal Health Products (NYSE:AHP) has been awarded the 2009 Trustworthy AA Grade Enterprise Certificate.
This great honor, presented by the Nanchang City Industry and Commerce Administration, confirmed Shuangshi AHP’s status as a rising star in the field of animal health products.
More about HIRU at www.hirucorporation.com
RDA Microelectronics (Nasdaq:RDA), a fabless semiconductor company specializing in RF and mixed signal chips for cellular, broadcast and connectivity applications, recently announced the pricing of its initial public offering of 7,500,000 American Depository Shares (NYSE:ADS) representing 45,000,000 ordinary shares, at a price of $9.00 per ADS.
Headquartered in Shanghai, China, RDA Microelectronics is a fabless semiconductor company that designs, develops and markets RF and mixed signal semiconductors for cellular, broadcast and connectivity applications.
Yahoo! Inc. (NASDAQ:YHOO) announced recently that the company will appoint Wayne Powers as senior vice president, Advertising Sales for North America. Powers, who previously served as President of the Time Inc. Media Group, will report directly to incoming Executive Vice President of the Americas, Ross Levinsohn. Powers will be based in Yahoo!’s New York office.
Yahoo! is an innovative technology company that operates the largest digital media, content, and communications business in the world.
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