SIVB, SIVBP EQUITY ALERT: ROSEN, A LEADING LAW FIRM, Encourages SVB Financial Group Investors to Inquire About Securities Class Action Investigation – SIVB, SIVBP

NEW YORK, March 10, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims and preparing a class action lawsuit on behalf of shareholders of SVB Financial Group (NASDAQ: SIVB, SIVBP) resulting from allegations that SVB may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased SVB securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=12882 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On March 8, 2023, after trading hours, SVB shocked the market when it announced that it planned to raise nearly $2 billion, and that it would take a $1.8 billion loss on the sale of $21 billion worth of securities. Amidst these losses, it was reported that SVB’s CEO, Greg Becker, had stated in a letter to investors, “while VC (venture capital) deployment has tracked our expectations, client cash burn has remained elevated and increased further in February, resulting in lower deposits than forecasted.” It was also reported that various venture capital funds, including Peter Thiel’s Founders Fund, had advised their portfolio companies to pull their money out of SVB accounts, triggering a run on SVB.

On this news, the price of SVB’s stock plummeted $161.79, or 60.41%, to close at $106.04 per share on March 9, 2023. SVB stock continued to fall by as much as 28% in after-hours trading.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8786015

‫جنوب مغربی چین کے صوبہ گوئژو میں سرسوں  (ریپسیڈ) کے  پھولوں کے سمندر میں ایک پُرکشش بہار کی آمد

گویانگ، چین، 10 مارچ، 2023/ژنہوا-ایشیا نیٹ/–  صوبہ گوئژو کے محکمہ زراعت اور دیہی امور کی خبروں سے پتہ معلوم ہوا ہے کہ 11 سے 13 مارچ تک جنوب مغربی چین کے صوبےگوئژو کے شمال مشرقی ٹونگرین شہر میں سرسوں (ریپسیڈ)کے پھولوں کے میلے کا  انعقاد کیا جائے گا۔

(اوپر ) واؤ ٹاؤنشپ، بیجیانگ ضلع، ٹونگرن شہر، گوئژو صوبہ، جنوب مغربی چین میں ریپسیڈ پھولوں کا سمندر؛(بائیں)  پنگبا ڈسٹرکٹ، انشون سٹی، گوئژو صوبہ، جنوب مغربی چین میں ریپسیڈ پھولوں کا سمندر؛ (دائیں) واؤ ٹاؤنشپ، بیجیانگ ضلع، ٹونگرن شہر، گوئژو صوبہ، جنوب مغربی چین میں ریپسیڈ پھولوں کا سمندر۔

ہر طرف بہار پوری طرح کھل رہی ہے اور گوئژو صوبے کے کسان نہ صرف سرسوں (ریپسیڈ)کو خوردنی تیل میں بدل رہے ہیں بلکہ اس سے پینٹ  بھی تیار کر رہے ہیں۔ بیجیانگ ڈسٹرکٹ، ٹونگرین سٹی، اور پنگبا ڈسٹرکٹ، انشون شہر میں، کسانوں نے سرسوں (ریپسیڈ )کے پھولوں کے ساتھ موسم بہار کے انتہائی پرجوش انداز کو پینٹ کیا ہے۔

یہاں تک کہ وہ موسم بہار کا جشن منانے کے لیے ریپسیڈ (سرسوں) کے پھولوں کا تہوار بھی منعقد کرتے ہیں۔ موسم بہار میں تہوار کون پسند نہیں کرتا؟ خاص طور پر بہار ایک خوبصورت اور نشیلا موسم ہے۔

لوگ پھولوں کے سمندر میں پوشیدہ قدیم لوگوں کو تلاش کرنے کے لیے یہاں کا سفر کر سکتے ہیں، پھولوں کے درمیان ستاروں کی طرح بکھرے ہوئے منفرد دیہات  کا دورہ کر سکتے ہیں، مقامی لوگوں کے ساتھ گپ شپ کر سکتے ہیں، مقامی کھانے اور چائے کا مزہ چکھ سکتے ہیں، اور باربی کیو کیمپنگ اور کھیتی باڑی کے طریقوں کو آزما سکتے ہیں۔ یہ تجربات لوگوں کو ایک مختلف زندگی اور ایک مختلف نظارہ  پیش کریں گے۔

گوئژو فانجنگ ماؤنٹین، ہوانگگوشو آبشار اور ممتاز ماؤتائی شراب کے عالمی قدرتی ورثے کے مقامات کا آبائی وطن ہے۔ اگرچہ وہ جنوب مغربی چین میں بہت دور ہیں،  مگر وہ بلند و بالا پلوں کے ذریعے باقی دنیا سے جڑے ہوئے ہیں۔ اپنے جغرافیائی  طور پر دور دراز ہونے کے باوجود، گوئژو دراصل ایک آسانی سے قابل رسائی علاقہ ہے۔ وہ لوگ  جو مشرقی چین میں پراسرار گارڈن آف ایڈن کو تلاش کرنے کے لیے ابھی سفر شروع کر رہے ہیں، ان کے لیے گوئژو کے ریپسیڈ (سرسوں) کے پھول لازمی ہیں۔

ماخذ: صوبہ گوئژو کا محکمہ زراعت اور دیہی امور

تصویری منسلکات کے لنکس:

لنک: http://asianetnews.net/view-attachment?attach-id=438813

 

Encounter a stunning spring in the sea of rapeseed flowers in southwest China’s Guizhou Province

GUIYANG, China, March 10, 2023 /Xinhua-AsiaNet/– News from the Department of Agriculture and Rural Affairs of Guizhou Province reveals that a Rapeseed Flower Festival will be held from 11 to 13 March in the northeastern city of Tongren, Guizhou Province, southwest China.

(Top) The sea of rapeseed flowers in Wawu Township, Bijiang District, Tongren City, Guizhou Province, southwest China; (L) The Sea of rapeseed flowers in Pingba District, Anshun City, Guizhou Province, southwest China; (R) The Sea of rapeseed flowers in Wawu Township, Bijiang District, Tongren City, Guizhou Province, southwest China.

Spring is in full bloom everywhere. And farmers in Guizhou Province are not only turning rapeseed into edible oil, but also into paint. In Bijiang District, Tongren City, and Pingba District, Anshun City, farmers have painted the most enthusiastic look of spring with blossoming rapeseed flowers.

They even hold a rapeseed flower festival to celebrate spring. Who doesn’t love festivals in spring? Especially spring is a beautiful and intoxicated season.

People can shuttle through the sea of flowers to find the hidden ancient peoples, visit the unique villages scattered like stars among the flowers, chat with the locals, taste local food and tea, and try barbecue camping and farming practices. These experiences will offer people a different life and a different view.

Guizhou is home to world natural heritage sites of Fanjing Mountain, Huangguoshu Waterfall and the prestigious Maotai liquor. Although they are far away in southwest China, they are linked with the rest of the world through high-rise bridges. Despite its geographical remoteness, Guizhou is actually an easily accessible region. To those who are just starting a journey to find the mysterious Garden of Eden in eastern China, the rapeseed flowers of Guizhou are a must.

Source: Department of Agriculture and Rural Affairs of Guizhou Province

Image Attachments Links:

Link: http://asianetnews.net/view-attachment?attach-id=438813

Extraordinary general meeting of Diamond Industries Limited

Karachi, Diamond Industries Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on March 31, 2023 at Swabi.

The agenda of the meeting will be to confirm minutes of the 56th Annual General Meeting held on October 26, 2022.

Further, to transact any other business as may be placed before the meeting with the permission of the
Chairman.

Furthermore, the closed period of the company is from March 24, 2023 to March 31, 2023 (both days inclusive).

Diamond Industries Limited was incorporated as a Private Limited Company on June 18, 1989 and converted into a Public Limited Company on August 3, 1994. It commenced its commercial production on November 11, 1989.

The principal activity is to manufacture and sell foam products and PVA products consumed in industry and domestically. The company at present has leased out its operations / manufacturing unit

The total numbers of shares are 9,000,000. The Earnings per share is 0.91 in 2020 which was (3.14) in 2019. The Profit after Taxation is 8,231,000 in 2020 which was (28,274,000) in 2019.

Extraordinary general meeting of Tariq Corporation

Karachi, Tariq Corporation informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on March 31, 2023 at Lahore.

The agenda of the meeting will be to confirm minutes of the 56th Annual General Meeting held on January 28, 2023.

Further, to transact any other business as may be placed before the meeting with the permission of the
Chairman.

Furthermore, the closed period of the company is from March 25, 2023 to March 31, 2023 (both days inclusive).

Tariq Corporation was incorporated on February 14, 1966 in Karachi and received its Certificate for Commencement of Business on April 16, 1966.. The Company formerly known as Hussein Sugar Mills Limited, is principally engaged in the business of production and sale of sugar and by products.

The plant is located in Jaranwala, approximately 80KM from Lahore. The area has large tracts of land where sugarcane is cultivated and produces approximately 40-45 million mounds of sugarcane a year.

The total numbers of shares are 38,520,000. The Earnings per share is (7.43) in 2020 which was 9.05 in 2019. The Profit after Taxation of the Company is (286,206,000) in 2020 which was 293,543,000 in 2019.

Extraordinary general meeting of Universal Network Systems Limited

Karachi, Universal Network Systems Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on April 03, 2023 at Karachi.

The agenda of the meeting will be The Board of Directors of the Company have reviewed the offer and decided to place the matter before the shareholders to consider and approve acquisition through passing of special resolutions.

Further, the closed period of the company is from March 28, 2023 to April 03, 2023 (both days inclusive).

Universal Network System Limited was incorporated as a private limited company in Pakistan on December 12, 2005 under the repealed Companies Ordinance, 1984 (now Companies Act, 2017), The Principal activities of the company are to act as a cargo forwarder, provide domestic and international courier and allied services.

Transaction of 1,000 shares of Interloop Limited

Karachi, Interloop Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,000 shares @ Rs. 48.75 per share were bought from the market on March 09, 2023 through CDC.

Interloop Limited was incorporated in Pakistan on 25th April, 1992 as a private limited company. On 18th July 2008, the Company was converted into public limited company and subsequently, on 5th April 2019, it was publicly listed on Pakistan Stock Exchange. The Company is engaged in the business of manufacturing and sale of socks, leggie, denim and yarn, and generating electricity for its own use.

The total numbers of shares 872,197,450. The Earnings per share is 2.06 in 2020 which was 6.67 in 2019. The Profit after Taxation is 1,796,403,000 in 2020 which was 5,194,767,000 in 2019.

Transaction of 16,000 shares of Bunny’s Limited

Karachi, Bunny’s Limited informed Pakistan Stock Exchange about transaction of shares of the company. 16,000 shares @ Rs. 19.46 per share were bought from the market on March 09, 2023 through CDC.

Bunny’s Limited was incorporated in Pakistan as a private limited company on October 22, 1980, and was later converted into Public Limited Company. The company is principally engaged in manufacturing of bakery and other food products.

The total numbers of shares are 66,805,269. The Earnings per share is 2.49 in 2020 which was 2.19 in 2019. The Profit after taxation is 127,802,000 in 2020 which was 112,376,000 in 2019.

 

Financial results of KSB Pumps Company Limited for Year ended December 31, 2022

Karachi, KSB Pumps Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on March 10, 2023.

The agenda of the meeting was discussion of profit and loss account for Year ended December 31, 2022 which portrayed a profit of Rs. 43,342,000 with earnings per share 3.28 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from April 19, 2023 to April 26, 2023 (both days inclusive).

KSB Pumps Company Limited was incorporated in Pakistan on July 18, 1959. The Company is a subsidiary of KSB SE & Co. KGaA. It is principally engaged in the manufacture and sale of industrial pumps, valves, castings and related parts and provision of aftermarket services.

KSB Pumps Company Limited specializes in pumps, valves and systems for industrial, building services, energy and water applications. KSB Pumps Company Limited has its Head Office based in Lahore, a manufacturing facility at Hassanabdal with, sales houses in Lahore, Karachi, Multan, and Rawalpindi.

The total number of shares of the Company are 13,200,000. The Earnings per shares of the Company is 1.24 in 2020 which was (6.66) in 2019. Their Profit after tax in 2020 is 16,383,000 which was 87,880,000 in 2019.

Transmission of Quarterly Report for the Period Ended December 31, 2018 of Bela Automotives Limited

Karachi, Bela Automotives Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2018 have been transmitted through PUCARS and is also available on Company’s website.

Bela Automotives was established in 1985 to produce and market automotive parts, bicycle parts, bolts, nuts, cold forged parts, machinery parts etc at Hub, near Karachi. The total numbers of shares are 5,800,000. The Earnings per share is (1.23) in 2020 which was (1.84) in 2019. The Company had a loss of Rs. 7,160,000 in 2020 which was 10,687,000 in 2019.

Transmission of Quarterly Report for the Period Ended September 30, 2018 of Bela Automotives Limited

Karachi, Bela Automotives Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended September 30, 2018 have been transmitted through PUCARS and is also available on Company’s website.

Bela Automotives was established in 1985 to produce and market automotive parts, bicycle parts, bolts, nuts, cold forged parts, machinery parts etc at Hub, near Karachi. The total numbers of shares are 5,800,000. The Earnings per share is (1.23) in 2020 which was (1.84) in 2019. The Company had a loss of Rs. 7,160,000 in 2020 which was 10,687,000 in 2019.

Transmission of Quarterly Report for the Period Ended December 31, 2019 of Bela Automotives Limited

Karachi, Bela Automotives Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2019 have been transmitted through PUCARS and is also available on Company’s website.

Bela Automotives was established in 1985 to produce and market automotive parts, bicycle parts, bolts, nuts, cold forged parts, machinery parts etc at Hub, near Karachi. The total numbers of shares are 5,800,000. The Earnings per share is (1.23) in 2020 which was (1.84) in 2019. The Company had a loss of Rs. 7,160,000 in 2020 which was 10,687,000 in 2019.