Wecast Network, Inc. (NASDAQ:WCST) has acquired 51% of NextGen Exchange Group


Wecast Network, Inc. (NASDAQ:WCST) announced that it has acquired 51% of NextGen Exchange Group (“NextGen”), the first Blockchain- and Big Data-enabled index exchange, which will reside and operate under Wecast Network’s Wecast Services Group (“WSG”) and become an essential component of Wecast’s Transactional Finance Product Cloud business. WCST will pay no monetary or stock consideration for the acquisition. WCST will purchase 51% of the outstanding capital shares in NextGen Exchange Group from the seller, Redrock Capital Group Limited, a Bruno Wu controlled and owned company (the “Seller”). In addition, Seller has entered into a separate agreement with the Delaware Board Of Trade Holdings, Inc. (“DBOT”), under which Seller will transfer 5% of the total issued and outstanding stock of NextGen to DBOT. The Delaware Board of Trade or DBOT, is an approved and licensed FINRA / SEC regulated electronic trading platform with operations in Delaware. By utilizing DBOT’s existing platform, trading system and technology, NextGen will be amongst the world’s first Big Data, artificial intelligence and blockchain-based platform to generate a new array of derivative indexes (Brands, IPs, Forex, Commodities, Fine Art, E-Sports, etc), asset-backed securities and digital currencies (cryptocurrencies, loyalty points, game credits, etc.). Digital currency based products and index product trading is expected to begin in the second half of 2017.

On Monday Wecast Network, Inc. (NASDAQ:WCST) share price closed at $2.51. Company net profit margin stands at -59.00% whereas its return on equity (ROE) is -57.30%. Wecast Network, Inc. (NASDAQ:WCST) is -27.14% away from its 52 week high and its 52 week range is $1.10 – $3.44.

Starbucks Corporation (NASDAQ:SBUX) traded 11.06 Million shares and its share price fell -1.45% to close at $61.29. Company has 2.10% insider ownership. Starbucks Corporation (NASDAQ:SBUX) quarterly performance is 12.19% while its year to date (YTD) performance is 10.39%.

PPG Industries, Inc. (NYSE:PPG) announced that Chairman and CEO Michael H. McGarry joined a group of more than 150 CEOs from some of the world’s leading companies in signing the CEO Action for Diversity & Inclusion™ – the largest CEO-driven business commitment to advance diversity and inclusion in the workplace. “A diverse workforce is a prerequisite to success in global markets and economies,” McGarry said. “Clearly, diversity provides PPG with a competitive advantage in serving the needs of increasingly diverse customers in virtually every corner of the world. Diversity is all about bringing our best together to protect and beautify the world.” By signing on to this commitment, CEOs have pledged to cultivate a workplace where diverse perspectives and experiences are welcomed and respected, where employees feel encouraged to discuss diversity and inclusion, and where best known—and unsuccessful—actions can be shared across organizations via a unified hub, CEOAction.com, in an effort to advance diversity and inclusion in the workplace.

On Monday shares of PPG Industries, Inc. (NYSE:PPG) ended up at $110.14. This year Company’s Earnings per Share (EPS) growth is -56.90% and next year’s EPS growth is 10.57%. Beta of PPG Industries, Inc. (NYSE:PPG) is 1.56 while company weekly performance is 1.64%.

Amicus Therapeutics, Inc. (NASDAQ:FOLD) fell -1.30% to close at $8.35 on 12 June. Its return on assets (ROA) is -21.90% while return on investment (ROI) is -37.20%. Amicus Therapeutics, Inc. (NASDAQ:FOLD) price to sales (P/S) ratio is 130.54.


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