Oi S.A. (NYSE:OIBR) hereby announces to its shareholders and the market in general that it has priced its global offering of 2,142,279,524 common shares, including 396,589,982 common shares in the form of American Depositary Shares (“ADSs”) and 4,284,559,049 preferred shares, including 828,881,795 preferred shares in the form of ADSs (not including the exercise of the International Underwriters’ Option (defined below)) (the “Offering”). The common shares were offered to the public at a price of R$2.17 per share, and the preferred shares were offered to the public at a price of R$2.00 per share. Oi SA (ADR)(NYSE:OIBR) shares after opening at $1.05 moved to $ 1.12 on last trade day and at the end of the day closed at $1.04. Company price to sales ratio in past twelve months was calculated as 0.12 and price to cash ratio as 0.30. Oi SA (ADR)(NYSE:OIBR) showed a negative weekly performance of -14.05%.
Sky-mobi Ltd (ADR) (NASDAQ:MOBI) soared 8.32%, the company recently announced that the Company, through its controlling subsidiary Mopin Technology Co., Ltd., has recently entered into a strategic partnership with the Wo Store of China Unicom, the official application store of China’s second largest mobile operator. Sky-mobi Ltd (ADR)(NASDAQ:MOBI) shares fell -8.39% in last trading session and ended the day on $6.55.MOBI return on equity ratio is recorded as 5.10% and its return on assets is 4.00%. Sky-mobi Ltd (ADR)(NASDAQ:MOBI) yearly performance is 289.88%.
Mandalay Digital Group (NASDAQ:MNDL) major shareholder Trinad Capital Master Fund Ltd unloaded 720,000 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $4.00, for a total value of $2,880,000.00. Mandalay Digital Group Inc (NASDAQ:MNDL) shares moved down -6.48% in last trading session and was closed at $3.75, while trading in range of $3.62 – 4.05. Mandalay Digital Group Inc (NASDAQ:MNDL) year to date (YTD) performance is 43.13%.
WPCS International Incorporated (NASDAQ:WPCS), which specializes in contracting services for communications infrastructure and the development of a Bitcoin trading platform, announced that it has entered into an asset purchase agreement with EC Company (“EC”) for approximately $2.7 million. The agreement proposes that EC, an Oregon-based electrical contracting company, purchase substantially all of the assets and assume certain liabilities of WPCS International- Seattle, Inc. (the “Seattle Operations”), in an all-cash transaction, at a target sales price of approximately $2.7 million, subject to adjustment based on the closing date balance sheet of the Seattle Operations. The closing is anticipated for May 31, 2014 and is subject to certain conditions to be fulfilled prior to closing, including WPCS shareholder and NASDAQ approval. WPCS International Incorporated (NASDAQ:WPCS) weekly performance is -3.45%. On last trading day company shares ended up $1.12. WPCS International Incorporated (NASDAQ:WPCS) distance from 50-day simple moving average (SMA50) is -25.59%. Analysts mean target price for the company is $12.00.
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