The plan to temporarily place an observation wheel in Balboa Park's Plaza de Panama has received the support of the city's official park advisory group.
© (Courtesy, City of San Diego)
A conceptual rendering of the proposed observation wheel shows the 148-foot attraction in Balboa Park's central Plaza de Panama. The for-charge ride promises unrivaled views of the city and is intended to reinvigorate the park. (Courtesy, City of San Diego)
Thursday evening, the Balboa Park Committee voted 7-1 in favor of the short-term attraction, or what's being called the Balboa Park Star, with one member abstaining. That means proponents — David and Leslie Cohn of the Cohn Restaurant Group and operator Sky Views of America — will aim to erect the part-time installation in the spring, following completion of additional steps and easing of state restrictions.
The vote marks an important first step in getting the controversial park ride
China Customer Relations Centers, Inc. Announces Receipt of Preliminary Non-Binding "Going Private" Proposal and Formation of Special Committee 1 min read
China Customer Relations Centers, Inc. Announces Receipt of Preliminary Non-Binding "Going Private" Proposal and Formation of Special Committee
TAI'AN, China, Nov. 30, 2020 /PRNewswire/ — China Customer Relations Centers, Inc. (Nasdaq: CCRC) ("CCRC" or the "Company"), a leading e-commerce and financial services business process outsourcing ("BPO") service provider in China, today announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter dated November 27, 2020 jointly submitted by its founder and chairman of the Board, Mr. Zhili Wang, Mr. Debao Wang, Mr. Guoan Xu, Mr. Qingmao Zhang, Mr. Long Lin, Mr. Jishan Sun and their respective affiliated entities (collectively, the "Buyer Group"), to acquire all of the outstanding shares of the Company not already owned by the Buyer Group in a going private transaction for $5.37 per share in cash (the "Proposal"). A copy of the proposal letter is attached hereto as Annex A.
Ruhnn Announces Receipt of Preliminary Non-Binding "Going Private" Proposal 1 min read
Ruhnn Announces Receipt of Preliminary Non-Binding "Going Private" Proposal
HANGZHOU, China, Nov. 25, 2020 /PRNewswire/ — Ruhnn Holding Limited ("ruhnn" or the "Company") (NASDAQ: RUHN), a leading internet key opinion leader ("KOL") facilitator in China, today announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter, dated November 25, 2020, from three founders of the Company, Min Feng, Lei Sun and Chao Shen (together with their respective affiliates, the "Buyer Group"), proposing to acquire all outstanding Class A ordinary shares, including Class A ordinary shares represented by American depository shares (the "ADSs," each representing five Class A ordinary shares), and Class B ordinary shares (together with the Class A ordinary shares, the "Shares") of the Company not already owned by the Buyer Group for US$0.68 per Share (or US$3.4 per ADS) in cash in a going private transaction (the "Proposed Transaction").
A copy of the proposal letter is attached hereto
KBRA Assigns Preliminary Ratings to Notes Issued by Genesis Sales Finance Master Trust, Series 2020-A 1 min read
KBRA Assigns Preliminary Ratings to Notes Issued by Genesis Sales Finance Master Trust, Series 2020-A
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Genesis Sales Finance Master Trust, Series 2020-A ("GSFMT Series 2020-A"), a credit card asset-backed securitization.
The collateral in the GSFMT Series 2020-A deal includes $175.268 million of undiscounted credit card receivables principal balance, as of the October 31, 2020 cutoff date. The ratings reflect the initial credit enhancement level range of 49.10% for the Class A notes to 8.50% for the Class E notes.
The financial impact of COVID-19 has resulted in an economic slowdown and high unemployment, which can adversely impact the performance of the subject pool and credit card loans in general. In considering this risk, KBRA applied additional stress scenarios by increasing its expected base case charge-off rate assumption and decreasing its monthly payment rate assumption. In determining the scenarios, KBRA considered the relationship between the historical unemployment rate and annualized gross