China Wavering on European Bailout, Solar Stocks Soar

China Telecom Corp. Ltd. (CHA) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. The board of directors (the “Board”) of China Telecom Corporation Limited (the “Company”) is pleased to announce that the 2009 Annual General Meeting of the Company was held on Tuesday, 25 May 2010 (the “AGM”) at Conrad Hong Kong, Pacific Place, 88 Queensway, Hong Kong. The number of issued shares of the Company as at the date of the AGM was 80,932,368,321, which was the total number of shares entitling the holders to attend and vote for or against any of the resolutions proposed at the AGM. There were no restrictions on any shareholders casting votes on any of the proposed resolutions at the AGM. The AGM was held in compliance with the requirements of the Company Law of the People’s Republic of China and the provisions of the articles of association of the Company.

QKL Stores Inc. (QKLS) files S-1 - General form for registration of securities under the Securities Act of 1933. Of the 1,384,822 shares of currently outstanding common stock being registered, 1,127,166 were acquired by the selling stockholders prior to completion of the private placement and the reverse merger described in this prospectus and 200,000 were acquired by consultants for services rendered in connection with the private placement, and 57,656 were issued upon exercise of Series A Warrants and Series B Warrants issued to the placement agent for services rendered in connection with the private placement. The Series A Preferred Stock was purchased by the selling stockholders in a private placement completed on March 28, 2008. We are required by the terms of a registration rights agreement and a separate agreement to register the shares listed above. The Series A Preferred Stock is convertible into common stock at the rate (subject to adjustment) of one share of common stock for each share of Series A Preferred Stock. The Series A Warrants are exercisable for one share of common stock at an exercise price of $3.40 per share (subject to adjustment) and expire on March 27, 2013. The Series B Warrants are exercisable for one share of common stock at an exercise price of $4.25 per share (subject to adjustment) and expire on March 27, 2013.

Trina Solar Ltd. (TSL) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. First Quarter 2010 Financial and Operating Highlights: Solar module shipments were approximately 193 MW, compared to the Company’s previous guidance of 180 MW to 190 MW, representing an increase of 17.9% sequentially and 295.5% year-over-year. Net revenues were $336.8 million, an increase of 7.5% sequentially and 155.0% year-over-year. Gross margin was 30.9%, above the Company’s guidance of 26% to 28%, compared to 32.6% in the fourth quarter of 2009 and 17.2% in the first quarter of 2009. Operating income and operating margin were $76.0 million and 22.6%, respectively, compared to $64.4 million and 20.6%, respectively, in the fourth quarter of 2009. Net income was $44.5 million, which includes a net foreign currency exchange loss of $14.5 million, compared to $48.8 million in the fourth quarter of 2009. Earnings per fully diluted ADS were $0.66, which includes impact of a net foreign currency exchange loss of $0.21 per fully diluted ADS, compared to $0.74 in the fourth quarter of 2009.

China Security & Surveillance Technology, Inc. Announces Pricing of Public Offering of 15,000,000 Shares of Common Stock. China Security & Surveillance Technology, Inc. ("CSST" or the "Company") (CSR), a leading integrated security and surveillance solution provider in the P.R.C., announced today the pricing of its offering of 15,000,000 shares of its common stock at $4.00 per share. In addition, CSST has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of its common stock to cover over-allotments, if any. Oppenheimer & Co. and Brean Murray, Carret & Co. are acting as joint book-running managers for the offering.

China to ship gasoline to Iran. China Petroleum & Chemical Corporation (SNP) better known as Sinopec Corp. is to ship well over a half million barrels of gasoline to Iran. Sinopec Corp's trading arm Unipec is shipping around 600,000 barrels of June arrival gasoline from Singapore to Iran, Reuters quoted industry sources as saying on Tuesday. The Chinese company last made a direct shipment to Iran in April, sources said. Iran, the world's fifth largest oil producer, imports 40% of its gasoline because of limited refining capacity.

China Telecom To Launch LifePad 3G. China Telecom (CHA) will launch China’s first 3G tablet, LifePad 3G in cooperation with Mastone Communication & Electrical Development on May 27, reports 163.com, citing unnamed sources. According to the report, LifePad 3G uses Google's Android 2.1 operating system and is loaded with the 3G services offered by China Telecom. There were rumors that China Telecom is in talks with Hanwang Technology (002362) to launch a 3G tablet, TouchPad. Apple had launched the iPad in the US at the beginning of 2010. China Mobile (0941.HK), China Unicom (600050, 0762.HK) and China Telecom have indicated they are interested in selling the iPad in China.

Youku Defamation Case Against Sohu Heard. Beijing Haidian District Court is reviewing a charge brought by domestic video site Youku.com that Sohu (Nasdaq:SOHU) has damaged the site's reputation, Beijing News reported May 26. Youku asserts that Sohu's September press conference, in which it labeled Youku a "Pirate Base" and accused the site of "willfully broadcasting" unauthorized content, had harmed its public image, the report said. Youku is seeking a public apology from Sohu, according to the report. Sohu denies the charges and claims that its statements were grounded, said the report. The court has yet to reach a verdict, the report said.

Shanda to launch iPhone games. Shanda Interactive Entertainment Limited plans to launch several games for the iPhone cell phone and iPad tablet PC in the third quarter, said Tan Qunzhao, president and CEO of Shanda Games. Those games will initially target overseas users. With Apple's smooth distribution channel, Shanda's products should have no trouble entering the global market, said Tan. He also estimated that Shanda's turnover from overseas markets would be doubled this year and hopes that overseas profits will account for 10 percent of total turnover of the company within two years.

Perfect World to Release New "ZX2" Version. Beijing-based online game company Perfect World (PWRD) plans to release "Xin Shi Jie" (roughly: "New World"), a new version of its in-house developed MMORPG Zhu Xian 2 on June 10, according to a posting on the company's website. The version features new clan systems, characters, maps and improved graphics, according to an earlier posting on the game's official site.

Sinovac to Participate at 2010 Shanghai CPhI Exhibition. inovac Biotech Ltd. (Nasdaq: SVA), a leading China-based vaccine manufacturer, announced today that the Company will participate at the 2010 Shanghai CPhI Exhibition, being held June 2-4, 2010. Sinovac's exhibition booth will be located in Hall E4, No. E4C42. At the exhibition, Sinovac will showcase its commercialized products, including its Healive, Anflu, Panflu and Panflu.1 vaccines.