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On November 30th, Canadian Solar announced that it plans to adjust its US market business by establishing two new joint ventures, M and N, with its controlling shareholder, Canadian Solar Inc. (CSIQ). CSI will hold 24.9% of the shares, and CSIQ will hold 75.1%. Company M will focus on the US photovoltaic business, while Company N will focus on the US energy storage business. Simultaneously, the company plans to restructure its US manufacturing plant, with CSIQ holding 75.1% and CSI holding 24.9%, to obtain a one-time equity transfer consideration and subsequent ongoing equity gains from the 24.9% stake in the US business. This transaction and the waiver of commitments have been approved by the board of directors and are subject to shareholder approval.On November 30th, Baili Tianheng announced that its wholly-owned subsidiary, SystImmune, recently received a $250 million milestone payment from BMS. According to the cooperation agreement, the company is also eligible for up to $250 million in near-term contingent payments, as well as additional payments of up to $7.1 billion upon achieving specific development, registration, and sales milestones.On November 30th, Zhuochuang Information announced that it submitted an application to the Hong Kong Stock Exchange on November 28th, 2025, for the issuance of overseas listed shares (H shares) and listing on the Main Board of the Hong Kong Stock Exchange. The application materials for this issuance and listing were also published on the Hong Kong Stock Exchange website on the same day. The issuance and listing are subject to approval, authorization, or filing by relevant government agencies, regulatory bodies, and stock exchanges, and will be implemented only after comprehensive consideration of market conditions and other factors. Therefore, the matter remains subject to uncertainty.On November 30th, Japanese Finance Minister Satsuki Katayama stated on Sunday that the recent sharp fluctuations in the foreign exchange market and the rapid depreciation of the yen were clearly not driven by fundamentals. "Our position is to issue a warning about such events," Katayama said. She reiterated that currency intervention is still possible in response to excessive yen volatility and speculative movements. This aligns with the September Japan-US joint statement, which stated that exchange rates should be determined by the market. On Monday, the market will closely watch for comments from Bank of Japan Governor Kazuo Ueda to see if he signals a possible interest rate hike at the Bank of Japans December meeting.The Kurdistan Regional Governments Electricity Department: Operations at the Khormor oil field have resumed, and the transmission of natural gas to the power plant began at 2:00 AM.

Meta Institutional Investors Advocate Against Two Board Members' Re-election

Charlie Brooks

Apr 19, 2022 09:55

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"We think that Peggy Alford's and Marc L. Andreessen's lack of independence jeopardizes the board's capacity to appropriately monitor the management team and represent shareholders' best interests," SHARE said in a filing.


According to the statement, the group of 15 shareholders, which includes SHARE, the Illinois State Treasurer, and Arjuna Capital, called instead for the appointment of new, highly qualified independent directors.


Peggy Alford, a PayPal Holdings Inc (NASDAQ:PYPL) executive, joined Meta's board of directors in 2019, while Marc Andreessen, a venture investor, has sat on the board since June 2008.


Additionally, the shareholders requested the board to enact specific governance improvements, including the elimination of the dual-class structure and the separation of the chief executive officer and chairman duties. SHARE noted that Meta's board of directors has not responded to requests for comment on these topics.


Meta, whose annual meeting is planned on May 25, refused to comment.