Julius Baer Group (JBAXY) 9.0200 $JBAXY
Jupai issues new shares to Julius Baer, SINA
M2 - Mon Jan 04, 5:21AM CST
Jupai Holdings Limited (NYSE: JP) said it has entered into a share purchase agreement with each of Julius Baer Investment Ltd., a wholly owned subsidiary of Julius Baer Group Limited (SIX: BAER), a leading Swiss private banking group, and SINA Hong Kong Limited, a wholly owned subsidiary of SINA Corporation (NASDAQ: SINA), a leading Chinese online media company. As part of the agreement with Julius Baer, Jupai will issue to Julius Baer 9,591,000 ordinary shares (equivalent to 1,598,500 ADSs), which represents approximately 4.99 percent of the company's total outstanding share capital immediately upon the completion of the transaction, at USD1.83 per share (equivalent to USD11 per ADS). Under the agreement with SINA, the company will issue to SINA, at the same price, 2,880,000 ordinary shares (equivalent to 480,000 ADSs) representing approximately 1.5 percent of the company's total outstanding share capital immediately after the completion of the transaction. SINA's beneficial ownership in Jupai will be 11.35 percent immediately upon completion of the transaction. The aggregate transaction value of this private placement is approximately USD22.9 million. The private placement to Julius Baer and SINA is expected to close in January 2016. Jupai Holdings Limited is a third-party wealth management service provider focusing on distributing wealth management products and providing quality product advisory services to high-net-worth individuals in China.
JP: 8.20 (+0.17), SINA: 49.35 (+0.37)
Julius Baer Plans to Settle US Tax Evasion Probe for $547M
Zacks Equity Research - Zacks Investment Research - Thu Dec 31, 12:00PM CST
Swiss private banking firm Julius Baer (JBAXY) is planning to settle a four-year tax evasion investigation initiated by the U.S. authorities for around $547 million.
CS: 13.12 (+0.05), HSBC: 32.65 (+0.22), UBS: 15.49 (+0.05)
Jupai Announces Issuance of New Shares to Julius Baer and SINA
PR Newswire - Wed Dec 30, 3:00AM CST
Jupai Holdings Limited ("Jupai" or the "Company"
(NYSE: JP), a leading third-party wealth management service provider in China, today announced that it has entered into a share purchase agreement with each of Julius Baer Investment Ltd. ("Julius Baer", a wholly owned subsidiary of Julius Baer Group Limited (SIX: BAER), a leading Swiss private banking group, and SINA Hong Kong Limited ("SINA", a wholly owned subsidiary of SINA Corporation (NASDAQ: SINA), a leading Chinese online media company.
JP: 8.20 (+0.17), SINA: 49.35 (+0.37)
Jupai issues new shares to Julius Baer, SINA
M2 - Mon Jan 04, 5:21AM CST
Jupai Holdings Limited (NYSE: JP) said it has entered into a share purchase agreement with each of Julius Baer Investment Ltd., a wholly owned subsidiary of Julius Baer Group Limited (SIX: BAER), a leading Swiss private banking group, and SINA Hong Kong Limited, a wholly owned subsidiary of SINA Corporation (NASDAQ: SINA), a leading Chinese online media company. As part of the agreement with Julius Baer, Jupai will issue to Julius Baer 9,591,000 ordinary shares (equivalent to 1,598,500 ADSs), which represents approximately 4.99 percent of the company's total outstanding share capital immediately upon the completion of the transaction, at USD1.83 per share (equivalent to USD11 per ADS). Under the agreement with SINA, the company will issue to SINA, at the same price, 2,880,000 ordinary shares (equivalent to 480,000 ADSs) representing approximately 1.5 percent of the company's total outstanding share capital immediately after the completion of the transaction. SINA's beneficial ownership in Jupai will be 11.35 percent immediately upon completion of the transaction. The aggregate transaction value of this private placement is approximately USD22.9 million. The private placement to Julius Baer and SINA is expected to close in January 2016. Jupai Holdings Limited is a third-party wealth management service provider focusing on distributing wealth management products and providing quality product advisory services to high-net-worth individuals in China.
JP: 8.20 (+0.17), SINA: 49.35 (+0.37)
Julius Baer Plans to Settle US Tax Evasion Probe for $547M
Zacks Equity Research - Zacks Investment Research - Thu Dec 31, 12:00PM CST
Swiss private banking firm Julius Baer (JBAXY) is planning to settle a four-year tax evasion investigation initiated by the U.S. authorities for around $547 million.
CS: 13.12 (+0.05), HSBC: 32.65 (+0.22), UBS: 15.49 (+0.05)
Jupai Announces Issuance of New Shares to Julius Baer and SINA
PR Newswire - Wed Dec 30, 3:00AM CST
Jupai Holdings Limited ("Jupai" or the "Company"
(NYSE: JP), a leading third-party wealth management service provider in China, today announced that it has entered into a share purchase agreement with each of Julius Baer Investment Ltd. ("Julius Baer", a wholly owned subsidiary of Julius Baer Group Limited (SIX: BAER), a leading Swiss private banking group, and SINA Hong Kong Limited ("SINA", a wholly owned subsidiary of SINA Corporation (NASDAQ: SINA), a leading Chinese online media company. JP: 8.20 (+0.17), SINA: 49.35 (+0.37)
