AutoNavi Holdings (AMAP) Soars on Acquisition Intention, Motorcar

AutoNavi Holdings Limited (AMAP)

Shares of AMAP skyrocketed after the company reported that its Board of Directors has received a non-binding proposal letter from Alibaba Group Holding Limited, that proposes a "going-private" transaction to acquire all of the American depositary shares and ordinary shares of AMAP not already beneficially owned by Alibaba for US$21 in cash per American depositary share, each representing four ordinary shares.

AMAP 's Board of Directors intends to promptly form a committee of independent directors to consider the Transaction.

AMAP jumped $4.03 (or +24.37%) to $20.57, and 12,695,410 of its shares exchanged hands on Monday's trading session.

AMAP is a leading provider of digital map content and navigation and location-based solutions in China.

More about AutoNavi Holdings Limited (AMAP) at www.autonavi.com .

**

Crown Equity Holdings Inc. (CRWE)

CRWE is looking to deliver value for its stockholders in both the near and long term, and to improve the potential future growth for the company, is targeting the multi-billion dollar social networking service market.

CRWE ‘s business model is based on selling advertising to local businesses. Its goal is to facilitate exchanges of goods and services in a manner similar to Craigslist, a classified advertisements website with sections devoted to jobs, housing, personals, for sale, items wanted, services, community, gigs, résumés, and discussion forums.

Its local news and business directories have been expanding upward from San Diego California reaching as high as San Francisco. Since the last quarter of 2013, the company has ramped up development and added upward of 50 new community websites along the west coast.

Some of the communities with extensive coverage include Anaheim, Beverly Hills, Costa Mesa, Irvine, San Diego, Laguna Beach, La Jolla, Los Angeles, Sacramento and San Francisco.

The CRWE Network ( www.CRWE-PR.com ) has also extended their reach into Canada with the inclusion of community websites in several of the major provinces. Those communities include but are not limited to Toronto, Vancouver, Montreal, Edmonton and Kamloops.

CRWE closed at $0.017, up $0.0069 (or +68.32%), with a total volume of 1,286,450 shares traded during the day

CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.

More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com

**

Motorcar Parts of America Inc. (MPAA)

MPAA surged $3.16 (or +14.71%) to $24.65 after the company reported its financial results, with a total volume of 1,085,692 shares traded on Monday's market activity.

For the third quarter fiscal 2014, MPAA posted net sales of $65.6 million, a 29.4% increase year over year, and net income of $1.1 million, or $0.08 per diluted share, compared with net income of $935,000, or $0.06 per diluted share in the same period the prior year.

MPAA is a remanufacturer, manufacturer and distributor of automotive aftermarket parts -- including alternators, starters and wheel hub assembly products utilized in imported and domestic passenger vehicles, light trucks and heavy duty applications.

More about Motorcar Parts of America Inc. (MPAA) at www.motorcarparts.com .

**

Read Full Disclaimer at www.mikezaman.com/disclaimer