WSP Holdings Ltd. (NYSE:WH) a leading Chinese manufacturer of API ("American Petroleum Institute") and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction ("Oil Country Tubular Goods" or "OCTG"), announced that its board of directors appointed Mr. Syed Hisham bin Syed Wazir as a director of the Company effective November 18, 2010 to replace Mr. Abdul Halim bin Harun who resigned from the board subsequent to his retirement from UMW Holdings Berhad.
UMW Holdings Berhad, through its subsidiary UMW China Ventures, is the Company's major strategic shareholder. Mr. Halim confirmed that there were no disagreements between him and the Company. Mr. Syed Hisham will serve on WSP Holdings' board as vice chairman.
WSP Holdings Limited, through its subsidiaries, manufactures oil country tubular goods products. It offers casing, tubing, and drill pipes for oil and natural gas exploration.
American Video Teleconferencing Corp. Signs Option Agreement
American Video Teleconferencing Corp. (Pink Sheets:AVOT) “the company”, is pleased to announce that it has signed an option agreement for three gold bearing claim blocks situated in the northern mining district of Saskatchewan, Canada.
Geared-up mining operations and expanded manufacturing schedules in Africa, Australia, Canada, Malaysia, the US, Vietnam and elsewhere, may well provide supply-chain choices to China, which controls well over 95 % of the world’s rare earths.
The U.S. House of Representatives, fearful the U.S. military could possibly become relying on Chinese-made electronics, approved H.R. 6160, the Rare Earths and Critical Materials Revitalization Act of 2010
Assays taken in 2008 on selected samples returned repeatable high grade gold values of 7gms/ton (.25oz) to 112.9gms/ton (3.99oz/ton).
The project is 1385 hectares in area and covers several documented nickel-copper and gold showings and land in proximity to lake sediment geochemical and biogeochemical anomalies.
Access to the project is currently by float or ski equipped aircraft or by helicopter to Stony Rapids which is accessible by commercial aircraft from the major cities of Saskatoon or Regina in southern Saskatchewan.
The expenditures for the 2010-2011 work program will be paid by the property owners due to an arrangement reached in the option agreement with the issuance of 1.2 million restricted shares (144).
Dean Foods Co. (NYSE:DF) announced its preliminary plans to offer, subject to market and other conditions, up to approximately $400 million in aggregate principal amount of senior notes.
The offering is expected to be made to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and in offshore transactions pursuant to Regulation S under the Securities Act.
The Company would use the net proceeds of the offering to pay down a portion of the outstanding term loan A under the Company's senior secured credit facility and to pay fees and expenses related to the previously disclosed amendment of that credit facility.
Dean Foods Company, together with its subsidiaries, operates as a food and beverage company in the United States.
Qiao Xing Mobile Communication Co., Ltd. (NYSE:QXM) an emerging Chinese resource company with a focus on several strategically important nonferrous metals such as molybdenum and copper, announced to provided an update on the progress of the proposed privatization (the "Proposed Privatization") of its 61%-owned subsidiary Qiao Xing Mobile Communication Co., Ltd. (NYSE:QXM) ("QXMC").
The Company announced the filing of an amendment to its Schedule 13E-3 with the Securities and Exchange Commission (the "SEC"). The Company is optimistic that it will be in position soon to distribute the Schedule 13E-3 and apply to the High Court of Justice of the Virgin Islands (the "Court") for a meeting date (a "Court Meeting") for QXMC shareholders to approve the Proposed Privatization.
Qiao Xing Mobile Communication Co., Ltd., through its subsidiary, CEC Telecom Co., Ltd., develops, manufactures, markets, and sells mobile handsets in the Peoples Republic of China.
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Crown Equity Holdings Inc. (OTCPK:CRWE) has received from the company 2,000,000 shares of (144) restricted common stock of American Video Teleconferencing Corp. (OTCPK:AVOT) for 12 months IR Services and 1,000,000 shares of (144) restricted common stock for its IT services.