http://crossbowusa.com/ Wed, 22 Sep 2021 23:00:54 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 Government asks power plants to auction fly ash through transparent bidding process http://crossbowusa.com/government-asks-power-plants-to-auction-fly-ash-through-transparent-bidding-process/ http://crossbowusa.com/government-asks-power-plants-to-auction-fly-ash-through-transparent-bidding-process/#respond Wed, 22 Sep 2021 13:59:12 +0000 http://crossbowusa.com/government-asks-power-plants-to-auction-fly-ash-through-transparent-bidding-process/

The Energy Department on Wednesday issued a notice for power plants to auction fly ash as part of a transparent bidding process.

Power plants have been ordered to invariably auction fly ash through a transparent bidding process and a notice was issued by the ministry on September 22, 2021 to this effect. This will reduce the electricity tariff and the burden on consumers, ” according to a statement from the Ministry of Energy.

According to the statement, Union Energy and New and Renewable Energies Minister RK Singh held a meeting on Wednesday to review the status of fly ash transportation to end users and their use.

The meeting took place in the presence of the President of the Central Electricity Authority (CEA); CMD, NTPC; President, DVC; and senior ministry officials.

The notice stipulated that power plants should deliver fly ash to end users through a transparent tendering process only.

If, after the auction / auction, a certain amount of fly ash remains unused, only then, as one of the options, could it be considered as given away free of charge on a first come, first served basis if the agency user is willing to bear the cost of transportation, he said.

If the ashes remain unused even after the measures taken as above, the thermal power plant (TPP) will bear the cost of transporting the fly ash to be provided free of charge to eligible projects.

End users will be forced to source fly ash from the nearest TPPs in order to reduce transport costs. If the nearest TPP refuses to do so, the end-user project will have to contact the Energy Ministry for the proper instructions, he added.

Transport costs, when they are to be borne by the power plants, in accordance with the provisions of a notification from the Ministry of the Environment, will be discovered on the basis of a call for tenders only.

Each year, the TPP will prepare a panel of transport agencies, on the basis of a call for tenders for transport in slabs of 50 km usable for the period. TPPs should launch a call for tenders well in advance so that a transport panel is in place as soon as the previous panel expires. There should be no gap between the expiration of a panel and the finalization of the new panel, he added.

Fly ash will be offered to end users on the basis of competing demand, i.e. end users who offer the highest price and seek minimum support for transportation costs will be offered fly ash in priority.

Power plants may offer fly ash subject to their technical restrictions such as all precautions required for the stability and safety of dikes, etc.

(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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Mayor Turner fires housing director for accusing him of “parody” of tender http://crossbowusa.com/mayor-turner-fires-housing-director-for-accusing-him-of-parody-of-tender/ http://crossbowusa.com/mayor-turner-fires-housing-director-for-accusing-him-of-parody-of-tender/#respond Wed, 22 Sep 2021 00:06:30 +0000 http://crossbowusa.com/mayor-turner-fires-housing-director-for-accusing-him-of-parody-of-tender/

HOUSTON – Mayor Sylvester Turner fired his director of housing and neighborhood improvement on Tuesday after accusing the mayor of a “masquerade” bidding process to funnel money from the metropolis to a selected developer .

“Unfortunately, I have reached a point where I can no longer respond to this administration’s tenders for this development,” said Tom McCasland at a committee meeting on Tuesday morning.

At one level throughout McCasland’s explosive remarks, there was an audio and video interruption to the public stream of the town reunion.

A spokesperson for the mayor mentioned that the difficulty was a technical issue and never intentional.

McCasland asked why Mayor Turner rejected warnings and his division’s proposals regarding the move with MGroup, the developer of a proposed reasonably priced housing project in Clear Lake, Huntington in the Bay Area.

In a series of memos and other documents McCasland sent to city council members, he says his office really helped the mayor move 4 initiatives worth a mixed $ 16.2 million to town { dollars} and provide 362 models at a reasonable price. But he says the mayor chose to go along with the $ 15 million Huntington project alone and 88 reasonably priced models.

A d

“This administration is funding a certain developer, at the expense of working families who need affordable housing,” McCasland said.

McCasland was careful to clarify that he was not alleging that there had been fraud.

“But even though there is no fraud in this case, it is something you should be concerned about because of how it hurts the way the city does business,” he said. he informed the members of the council.

In a press release, Mayor Turner said, “There is no masquerade. The comments made by the former director of the City of Houston’s Housing and Community Development Department are puzzling, exaggerated and wrong. “

The mayor made additional remarks at an impromptu press conference on Tuesday afternoon.

“This is not a fraud, it is not an illegality, there is nothing wrong here. The only criticism Tom makes is that I didn’t follow his choice, ”Turner said.

In response to questions about his former lawmaker having an interest in the MGroup Huntington Project, Mayor Turner said he was not aware of the link until we spoke.

A d

The Texas General Land Office issued the following statement, saying they would review McCasland’s claims:

“We will be reviewing all funding requests allocated to the City of Houston by the US Department of Housing and Urban Development (HUD). The GLO will coordinate with the HUD and other investigative entities to determine what actions to take regarding these allegations. Fraud has no place in helping Texans recover from disaster.

Copyright 2021 by KPRC Click2Houston – All rights reserved.


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ECMOHO Limited Announces Receipt of Notice of Minimum Bid Price from NASDAQ http://crossbowusa.com/ecmoho-limited-announces-receipt-of-notice-of-minimum-bid-price-from-nasdaq-2/ http://crossbowusa.com/ecmoho-limited-announces-receipt-of-notice-of-minimum-bid-price-from-nasdaq-2/#respond Tue, 21 Sep 2021 12:01:00 +0000 http://crossbowusa.com/ecmoho-limited-announces-receipt-of-notice-of-minimum-bid-price-from-nasdaq-2/

News and research before you hear about it on CNBC and others. Claim your 1-week free trial for StreetInsider Premium here.


SHANGHAI, China, September 21, 2021 (GLOBE NEWSWIRE) – ECMOHO Limited (Nasdaq: MOHO) (“ECMOHO”, “we” or the “Company”), a provider of integrated solutions to the healthcare and wellness market be in China, today announced that it has received a notification letter dated September 16, 2021 (the “Deficiency Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the “Nasdaq” ), indicating that the company is no longer in compliance with the minimum bid prices set out in Rule 5450 (a) (1) of the Nasdaq Listing Rules as the closing bid price of the Company per share of the US custodian ( “ADS”), each representing four Class A common shares, with a par value of $ 0.00001 per share, of the Company, has been below $ 1.00 for a period of 30 consecutive business days. The Nasdaq notification letter does not result in the immediate delisting of the Company’s securities.

In accordance with Rule 5810 (c) (3) (A) of the Nasdaq Listing Rules, the Company has a compliance period of 180 calendar days, or until March 15, 2022 (the “Compliance Period”) , to re-comply with the minimum Nasdaq requirements. bid price requirement. If at any time during the compliance period the closing bid price by ADS is at least $ 1.00 for at least 10 consecutive business days, Nasdaq will provide the Company with written confirmation of compliance and the file will be closed.

In the event that the Company does not recover compliance by March 15, 2022, subject to determination by Nasdaq staff, it may be eligible for an additional 180 calendar day compliance period if it meets the listing requirements. continues for the market value of government securities. held stock and all other initial listing standards, except the bid price requirement, of the Nasdaq Capital Market, and is providing written notice to Nasdaq of its intention to remedy the deficiency.

About ECMOHO Ltd.

ECMOHO is an integrated solution provider in the health and wellness market in China. The company organizes and sells the world’s best brands and quality products to health-conscious Chinese consumers. Our technology, network, and marketing and distribution expertise allow us to connect families with advanced health supplements, nutritional and food products, personal care products, household health care equipment and other health products. well-being. In more than ten years of activity, ECMOHO has established an ecosystem of products and trusted relationships to provide personalized solutions that promote health regeneration, confer therapeutic benefits and increase the longevity of our dedicated consumers to maintain health.

For more information, please visit http://ir.ecmoho.com/.

For investor and media inquiries, please contact:

ECMOHO Ltd.
Investor Relations
Ms. Yvonne Xu

Email: IR@ecmoho.com

Safe Harbor declarations

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as “will”, “expects”, “anticipates”, “the future”, “intention”, “plans”, “believes”, “estimates”, “targets”, “to go” ahead ”,“ outlook ”and similar statements. For example, the Company’s statements regarding its 2021 Company performance expectations, strategy and industry outlook are forward-looking statements and are inherently uncertain. These statements are based on current management expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, such as volatility and significant disruptions caused by the COVID-19 pandemic, the Company’s expected growth of the online retail industry in China, the Company’s expectations regarding the demand and market acceptance of its products and services, the Company’s expectations regarding its relationships with its partner brands and e-commerce channels, and the level of economic activity of consumers in China, most of whom are beyond the Company’s control, which may result in actual results, performance or achievements of the Company differ materially from those indicated in forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the documents filed by the Company with the United States Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law.


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ECMOHO Limited Announces Receipt of Notice of Minimum Bid Price from NASDAQ http://crossbowusa.com/ecmoho-limited-announces-receipt-of-notice-of-minimum-bid-price-from-nasdaq/ http://crossbowusa.com/ecmoho-limited-announces-receipt-of-notice-of-minimum-bid-price-from-nasdaq/#respond Tue, 21 Sep 2021 12:00:00 +0000 http://crossbowusa.com/ecmoho-limited-announces-receipt-of-notice-of-minimum-bid-price-from-nasdaq/

SHANGHAI, China, September 21, 2021 (GLOBE NEWSWIRE) – ECMOHO Limited (Nasdaq: MOHO) (“ECMOHO”, “we” or the “Company”), a provider of integrated solutions to the healthcare and wellness market be in China, today announced that it has received a notification letter dated September 16, 2021 (the “Deficiency Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the “Nasdaq” ), indicating that the company is no longer in compliance with the minimum bid prices set out in Rule 5450 (a) (1) of the Nasdaq Listing Rules as the closing bid price of the Company per share of the US custodian ( “ADS”), each representing four Class A common shares, with a par value of $ 0.00001 per share, of the Company, has been below $ 1.00 for a period of 30 consecutive business days. The Nasdaq notification letter does not result in the immediate delisting of the Company’s securities.

In accordance with Rule 5810 (c) (3) (A) of the Nasdaq Listing Rules, the Company has a compliance period of 180 calendar days, or until March 15, 2022 (the “Compliance Period”) , to re-comply with the minimum Nasdaq requirements. bid price requirement. If at any time during the compliance period the closing bid price by ADS is at least $ 1.00 for at least 10 consecutive business days, Nasdaq will provide the Company with written confirmation of compliance and the file will be closed.

In the event that the Company does not recover compliance by March 15, 2022, subject to determination by Nasdaq staff, it may be eligible for an additional 180 calendar day compliance period if it meets the listing requirements. continues for the market value of government securities. held stock and all other initial listing standards, except the bid price requirement, of the Nasdaq Capital Market, and is providing written notice to Nasdaq of its intention to remedy the deficiency.

About ECMOHO Ltd.

ECMOHO is an integrated solution provider in the health and wellness market in China. The company organizes and sells the world’s best brands and quality products to health-conscious Chinese consumers. Our technology, network, and marketing and distribution expertise allow us to connect families with advanced health supplements, nutritional and food products, personal care products, household health care equipment and other health products. well-being. In more than ten years of activity, ECMOHO has established an ecosystem of products and trusted relationships to provide personalized solutions that promote health regeneration, confer therapeutic benefits and increase the longevity of our dedicated consumers to maintain health.

For more information, please visit http://ir.ecmoho.com/.

For investor and media inquiries, please contact:

ECMOHO Ltd.
Investor Relations
Ms. Yvonne Xu

Email: IR@ecmoho.com

Safe Harbor declarations

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as “will”, “expects”, “anticipates”, “the future”, “intention”, “plans”, “believes”, “estimates”, “targets”, “to go” ahead ”,“ outlook ”and similar statements. For example, the Company’s statements regarding its 2021 Company performance expectations, strategy and industry outlook are forward-looking statements and are inherently uncertain. These statements are based on current management expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, such as volatility and significant disruptions caused by the COVID-19 pandemic, the Company’s expected growth of the online retail industry in China, the Company’s expectations regarding the demand and market acceptance of its products and services, the Company’s expectations regarding its relationships with its partner brands and e-commerce channels, and the level of economic activity of consumers in China, most of whom are beyond the Company’s control, which may result in actual results, performance or achievements of the Company differ materially from those indicated in forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the documents filed by the Company with the United States Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law.


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Tendering process for parliamentary panel questions http://crossbowusa.com/tendering-process-for-parliamentary-panel-questions/ http://crossbowusa.com/tendering-process-for-parliamentary-panel-questions/#respond Tue, 21 Sep 2021 01:00:00 +0000 http://crossbowusa.com/tendering-process-for-parliamentary-panel-questions/

ISLAMABAD: The Standing Senate Committee on Privatization raised questions on Monday about the bidding process for the privatization of Hotel Services International, Lahore, and called for further investigation.

The committee, which met with Senator Shamim Afridi under the chairmanship, heard a briefing from the head of the Privatization Commission on the privatization of the hotel. The secretary of the Privatization Commission informed the committee that the privatization of the hotel was in its final stages and that the matter should be submitted to the cabinet for final approval.

The auctions took place as part of an open auction. Two bidders submitted bids for the reserved base price of Rs 1.94 billion. The commission received one bid above the booked base price of Rs 1.95 billion and the other was below the booked price and subsequently did not qualify.

The chairman of the committee questioned officials about the privatization process on how a bid was considered successful when the minimum number of bidders was not there for the auction, to which ministry officials responded that he there was no legal issue regarding the minimum number of bidders in an open auction. Ministry officials said the tender was conducted in accordance with the law with full transparency. Senator Sabir Shah said: “This is commercial property and we believe the booked base price of Rs 1.94 billion is very low.”

The members of the committee felt that the matter should be further explored. The chairman of the committee ordered a letter to be written to the cabinet informing them of the committee members’ reservations on the matter. Discussion on the matter was postponed for resumption at the next committee meeting. The committee reconsidered the bill entitled “The Privatization Commission (Amendment) Bill, 2021” proposed by the Minister of Privatization in the Senate sitting on June 23, 2021. Committee members received a detailed briefing from ministry officials on the amendments proposed in the invoice.

Senator Sabir Shah, while expressing his reservations about the bill, said: “Bypassing the cabinet and empowering an individual is against the norms. The changes will result in the withdrawal of collective wisdom. If we go ahead with these amendments, it would set a bad precedent. Ministry officials responded that the proposed amendments would not affect the privatization process. “We go to the office three to four times during the entire privatization process. This in no way limits the powers of the cabinet. The word government is mentioned 83 times in the privatization law. We have just decided to replace the word with four places, which will give the Prime Minister the power to make appointments to the Privatization Board. “

According to the existing definition of government and law, we have to turn to the cabinet even for trivial tasks such as opening an account. These amendments aim to remove these bottlenecks, officials of the Ministry of Privatization informed. However, the committee postponed consideration of the bill after due deliberation.

The committee was also informed about the privatization of Pak-China Fertilizer Company, Haripur, KPK regarding its current status, the unpaid amount to be paid to the government, the reasons for the delay of its privatization and the expected date of its operation, government employee status and future plans for said fertilizer company.

The secretary of the Privatization Commission, while informing the members of the committee, stated that “90 percent of the shares of PCFC have been sold to M / S Schon Group in accordance with the sale agreement dated May 26, 1992, for a total sale price of 456.84 million rupees. Of which 40 percent of the sale price was paid by the buyer in the amount of 182.736 million rupees. The total sale amount pending until August 31, 2021 is 2.8 billion rupees. Numerous disputes are pending regarding the fate of this property. The commission is currently reviewing the case in the High Court in Islamabad. “

Senator Fida Hussain informed the members of the committee of the appalling situation on the land in Haripur of the said property. He lamented the lack of action by ministry officials regarding multiple attempted encroachments and theft of scrap metal worth billions of rupees. He further expressed his dissatisfaction with the plight of employees who still have not received their due compensation even after 30 long years. Senator Sabir Shah also weighed in on the current state of said property. He said, “It is our duty to protect public property and we will do everything in our power to resolve this issue. “

The chairman of the committee ordered to summon Deputy Commissioner Haripur to the next committee meeting with full details of the current situation on the ground. The committee also deliberated on the idea of ​​setting up a sub-committee to visit the site and observe the alleged mismanagement.


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ATIF Holdings Limited Regains Compliance with Nasdaq Minimum Offer Price Requirement | New http://crossbowusa.com/atif-holdings-limited-regains-compliance-with-nasdaq-minimum-offer-price-requirement-new/ http://crossbowusa.com/atif-holdings-limited-regains-compliance-with-nasdaq-minimum-offer-price-requirement-new/#respond Sat, 18 Sep 2021 02:02:51 +0000 http://crossbowusa.com/atif-holdings-limited-regains-compliance-with-nasdaq-minimum-offer-price-requirement-new/

LOS ANGELES, September 17, 2021 (GLOBE NEWSWIRE) – ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a holding group providing business and financial advice in Asia and North America, today announced that it has received notification from the Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) listing that it has regained compliance with the minimum bid price requirement of $ 1.00 per share under the Nasdaq listing rules (the “ listing rules ”).

On September 14, 2021, Nasdaq confirmed to the Company that for at least 10 consecutive business days, from August 30 to September 13, 2021, the closing bid price of the Company’s common shares was $ 1.00 per share or more. . As a result, the Company has regained compliance with Listing Rule 5550 (a) (2) and this matter is now closed.

About ATIF Holdings Limited ATIF Holdings Limited (“ATIF”) is a holding group specializing in business advisory, asset management and investment with business centers located in Los Angeles, California, as well than in Hong Kong and Shenzhen, China. ATIF primarily provides IPO advisory services to small and medium-sized businesses in Asia and North America. ATIF has advised several companies in China in their plans to become publicly traded in the United States. ATIF received the “Top 10 Best Listed Companies 2019” of the “Golden Bauhinia Award”, the highest honor of the financial and securities industry in Hong Kong. For more information, please visit https://ir.atifchina.com/.

Forward-looking statements Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” plans “,” expects “,” anticipates “,” plans “,” plans “,” intends “,” believes “,” seeks “,” may “,” will “,” should “,” should “” suggest “and variations of such similar words or phrases (or negative versions of such words or phrases) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, which could lead to actual results or results. differ materially from those discussed in forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, revenues, expenses, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to continue to operate through our VIE structure; ability to secure additional funding in the future to fund capital expenditures; ability to attract new customers and further improve brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial advisory services industry; a pandemic or epidemic; and other factors listed in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that these expectations will prove to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the statements. prospective that we do. You should not rely on forward-looking statements as predictions of future events. Forward-looking statements represent the beliefs and assumptions of our management only as of the date on which such statements are made. These forward-looking statements are made as of the date of this press release.

Media contact: Anna Huang + 86-139-2726-7157 anna@atifchina.com

Copyright 2021 GlobeNewswire, Inc.


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ATIF Holdings Limited Regains Compliance with Nasdaq Minimum Offer Price Requirement | Your money http://crossbowusa.com/atif-holdings-limited-regains-compliance-with-nasdaq-minimum-offer-price-requirement-your-money/ http://crossbowusa.com/atif-holdings-limited-regains-compliance-with-nasdaq-minimum-offer-price-requirement-your-money/#respond Sat, 18 Sep 2021 02:02:51 +0000 http://crossbowusa.com/atif-holdings-limited-regains-compliance-with-nasdaq-minimum-offer-price-requirement-your-money/

LOS ANGELES, September 17, 2021 (GLOBE NEWSWIRE) – ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a holding group providing business and financial advice in Asia and North America, today announced that it has received notification from the Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) listing that it has regained compliance with the minimum bid price requirement of $ 1.00 per share under the Nasdaq listing rules (the “ listing rules ”).

On September 14, 2021, Nasdaq confirmed to the Company that for at least 10 consecutive business days, from August 30 to September 13, 2021, the closing bid price of the Company’s common shares was $ 1.00 per share or more. . As a result, the Company has regained compliance with Listing Rule 5550 (a) (2) and this matter is now closed.

About ATIF Holdings Limited ATIF Holdings Limited (“ATIF”) is a holding group specializing in business advisory, asset management and investment with business centers located in Los Angeles, California, as well than in Hong Kong and Shenzhen, China. ATIF primarily provides IPO advisory services to small and medium-sized businesses in Asia and North America. ATIF has advised several companies in China in their plans to become publicly traded in the United States. ATIF received the “Top 10 Best Listed Companies 2019” of the “Golden Bauhinia Award”, the highest honor of the financial and securities industry in Hong Kong. For more information, please visit https://ir.atifchina.com/.

Forward-looking statements Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” plans “,” expects “,” anticipates “,” plans “,” plans “,” intends “,” believes “,” seeks “,” may “,” will “,” should “,” should “” suggest “and variations of such similar words or phrases (or negative versions of such words or phrases) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, which could lead to actual results or results. differ materially from those discussed in forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, revenues, expenses, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to continue to operate through our VIE structure; ability to secure additional funding in the future to fund capital expenditures; ability to attract new customers and further improve brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial advisory services industry; a pandemic or epidemic; and other factors listed in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that these expectations will prove to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the statements. prospective that we do. You should not rely on forward-looking statements as predictions of future events. Forward-looking statements represent the beliefs and assumptions of our management only as of the date on which such statements are made. These forward-looking statements are made as of the date of this press release.

Media contact: Anna Huang + 86-139-2726-7157 anna@atifchina.com

Copyright 2021 GlobeNewswire, Inc.


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ATIF: Restores Compliance with Nasdaq Minimum Bid Price Requirement (Form 6-K) http://crossbowusa.com/atif-restores-compliance-with-nasdaq-minimum-bid-price-requirement-form-6-k/ http://crossbowusa.com/atif-restores-compliance-with-nasdaq-minimum-bid-price-requirement-form-6-k/#respond Fri, 17 Sep 2021 20:42:15 +0000 http://crossbowusa.com/atif-restores-compliance-with-nasdaq-minimum-bid-price-requirement-form-6-k/

ATIF Holdings Limited Regains Compliance with Nasdaq Minimum Offer Price Requirement

Hong Kong, China, September 17, 2021 (GLOBE NEWSWIRE) – ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a holding group providing business and financial advice in Asia and North America, announced today hui having received notification from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) that it has regained compliance with the minimum bid price requirement of $ 1.00 per share under the Nasdaq listing rules (the “Listing Rules”).

On September 14, 2021, Nasdaq confirmed to the Company that for at least 10 consecutive business days, from August 30 to September 13, 2021, the closing bid price of the Company’s common shares was $ 1.00 per share or more. . As a result, the Company has regained compliance with Listing Rule 5550 (a) (2) and this matter is now closed.

About ATIF Holdings Limited

ATIF Holdings Limited (“ATIF”) is a holding group specializing in business advisory, asset management and investment with business centers located in Los Angeles, California, as well as Hong Kong and Shenzhen, China. ATIF primarily provides IPO advisory services to small and medium-sized businesses in Asia and North America. ATIF has advised several companies in China in their plans to become publicly traded in the United States. ATIF received the “Top 10 Most Voted Companies 2019” of the “Golden Bauhinia Award”, the highest honor of the financial and securities industry in Hong Kong. For more information, please visit https://ir.atifchina.com/.

Forward-looking statements

Certain statements made in this press release are “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates”, ‘Projected,’ ‘expects’ ‘anticipates’ ” ‘anticipates’ ” ” ” ” ” ” ” ” ” a ” ” ” ‘a’ ” ” a ” ” ‘a’ ” a ” ‘a’ ” ” believes ” ” of these similar words or expressions (or the negative versions of these words or expressions) are intended to identify statements prospective. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, which could lead to actual results or results. differ materially from those discussed in forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, revenues, expenses, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to continue to operate through our VIE structure; ability to secure additional funding in the future to fund capital expenditures; ability to attract new customers and further improve brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial advisory services industry; a pandemic or epidemic; and other factors listed in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that these expectations will prove to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the statements. prospective that we do. You should not rely on forward-looking statements as predictions of future events. Forward-looking statements represent the beliefs and assumptions of our management only as of the date on which such statements are made. These forward-looking statements are made as of the date of this press release.

Media contact:

Anna huang

+ 86-139-2726-7157

anna@atifchina.com

Disclaimer

ATIF Holdings Ltd. published this content on September 17, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 17, 2021 08:41:10 PM UTC.


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Tata Group bids for Air India, tendering process in finalization phase http://crossbowusa.com/tata-group-bids-for-air-india-tendering-process-in-finalization-phase/ http://crossbowusa.com/tata-group-bids-for-air-india-tendering-process-in-finalization-phase/#respond Wed, 15 Sep 2021 13:43:36 +0000 http://crossbowusa.com/tata-group-bids-for-air-india-tendering-process-in-finalization-phase/

Representative image

By Ashoke Raj

New Delhi [India], Sept. 15 (ANI): The Tata group made its financial offer on Wednesday for the heavily indebted national carrier Air India (AI), government sources said.

According to sources, the offer of the Tata group is also in the foreground. The Tata winner Air India would be the return of the airline for the conglomerate that transferred the company to government in 1953.

The privatization of the loss-making company Air India is considered one of the most important reforms of this government.

“Financial offers for Air India divestment received by Transaction Advisor. The process is now in the closing phase,” tweeted the secretary of DIPAM.

The winning bid is expected to be announced before the end of this month and the government plans to hand over the airline to the winning bidder by the end of this fiscal year.

Earlier today, the government launched the financial offer process for the indebted national carrier. Aviation Minister Jyotiraditya Scindia has made it clear that the September 15 date for the process is set and will not change.

After failing to find a buyer for a 76% stake in Air India in 2018, the government is expected to finalize the sale of the national carrier with at least two buyers expected to submit financial bids by September 15.

Earlier, industry sources told ANI that the Tata Group, through its holding company, and SpiceJet chairman Ajay Singh, as an individual, would likely make its financial offer for the company. Aerial.

Air India is heavily in debt of around Rs 43,000 crore, of which Rs 22,000 crore will also be transferred to Air India Asset Holding Limited (AIAHL).

The government declined to share details on expectations of the Air India sale.

The Center plans to sell a 100% stake in the airline and its low-cost subsidiary Air India Express, and a 50% stake in ground handling company Air India SATS Airport Services Private Limited (AISATS).

Other properties, including the Air India building in Mumbai, Airlines House in Delhi, will also be part of the deal.

Four acres of land at Connaught Place in Delhi and various housing companies in Delhi, Mumbai and other cities for IA employees and others. Air India subsidiaries such as Air India Engineering Services Limited (AIESL) and Air India Air Transport Services Limited (AITSL) will also be part of AIAHL.

Currently, Air India controls over 4,400 domestic and 1,800 international landing and parking slots at domestic airports as well as 900 overseas slots. (ANI)


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Contempt for tender adopted for solar and wind projects feared – business news http://crossbowusa.com/contempt-for-tender-adopted-for-solar-and-wind-projects-feared-business-news/ http://crossbowusa.com/contempt-for-tender-adopted-for-solar-and-wind-projects-feared-business-news/#respond Mon, 13 Sep 2021 21:49:00 +0000 http://crossbowusa.com/contempt-for-tender-adopted-for-solar-and-wind-projects-feared-business-news/


  • Two major renewable energy players write to the Minister of Energy to express their concerns
  • Saying that the weakening of the tendering process could derail the government’s renewable energy targets
  • 180 MW solar and wind power projects await the government. approval for about 10 months

With 180 MW solar and wind power projects awaiting government approval for more than 10 months, two key players in the renewable energy sector have expressed concerns about possible measures to undermine the methodology of tender adopted to develop the country’s renewable energy sector.

LVL Energy Fund PLC and Energy Generations Holding Limited (EGHL) in a letter to Energy Minister Gamini Lokuge warned that any attempt to move away from the bidding process would not only deter investors, but would also create obstacles to meeting the government’s 70 percent renewable energy production target by 2030. “Any effort to undermine this established practice of competitive bidding will not only deter serious and responsible investors. like us to participate in the development of renewable energy projects in Sri Lanka, but will also frustrate the government’s goal of reaching 70 percent renewable energy target by 2030, ”said LVL Energy Fund. After finalizing the necessary works, the Ceylon Electricity Board (CEB) submitted the tender documents for the 140 MW solar and 40 MW wind projects more than 10 months ago for approval by the Council. ministers, before launching these offers. . However, the CEB and the parties interested in these projects have been kept in the dark since then. “We note that this delay is abnormal and contradicts President Gotabya Rajapaksa’s plan to reach the target of 70% renewable energy by 2030,” noted EGHL.

By joining the LVL Energy Fund, EGHL also supported the bidding methodology as the best way to develop the country’s renewable energy sector, at the lowest cost to the consumer.

In addition, LVL Energy Fund pointed out that this methodology, which encourages competition, allows local bidders to be on par with world prices.

“Judging from the prices attributable to past tenders, it is clearly evident that the rates offered by local bidders have been comparable to those attributable to large solar and wind tenders around the world,” said the company.

According to a report released by the Ministry of Energy in 2017-18, the introduction of the tendering process for wind and solar energy projects contributed to a 50% reduction in the purchase tariff in 2017.

In addition, more and more countries around the world are turning to competitive bidding, based on the feed-in tariff method.
According to the International Renewable Energy Agency (IRENA), the number of countries adopting renewable energy auction systems rose to 109 in 2020, down from just 16 countries a decade ago. At the same time, the weighted global average price of subscribed solar power fell from US $ 250 / megawatt hour (MWh) to US $ 56 / MWh and that of onshore wind rose from US $ 75 / MWh to 48 US $ / MWh.

“We therefore respectfully request that you consider developing the renewable energy sector through a competitive bidding process that can ensure the successful participation of local entrepreneurs and businesses like ours. This will ensure that the benefits of the project are retained in the country for the further development of the sector. We stress that only such a selection process will guarantee a lower cost option for electricity consumers in Sri Lanka, ”urged LVL Energy Fund. (NF)


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