Yulong Eco-Materials Ltd
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Health Care : Biotechnology |
Based in China
Company profile

Yulong Eco-Materials Limited is a holding company. The Company is a manufacturer of building products. The Company's segments include Yulong Bricks; Yulong Concrete and Yulong Transport, and Yulong Renewable. The Yulong Bricks segment is engaged in the production and sale of fly-ash bricks. The Yulong Concrete and Yulong Transport segment is engaged in the production and sale of ready-mixed concrete. The Yulong Renewable segment is engaged in the hauling and processing of construction waste, and production and sale of recycled aggregates and recycled bricks. The Company produces fly ash bricks and ready-mixed concrete. The Company's construction waste management (CWM) business includes hauling and processing construction waste, and producing crushed construction waste or recycled aggregates, and bricks made from recycled aggregates, or recycled bricks. The Company operates principally from the city of Pingdingshan, Henan Province, in the People's Republic of China.

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Vince McMahon's asking price for WWE is $9 billion, report says

3:46 pm ET February 17, 2023 (MarketWatch)

By Jon Swartz

McMahon returned to World Wrestling Entertainment in January to oversee sale of the company

Vince McMahon wants as much as $9 billion for World Wrestling Entertainment Inc., the media company he ran for decades and returned to this year in order to sell it, according to a Bloomberg report citing people familiar with the matter.

The company (WWE) has received some offers, the report said, with Endeavor Group Holdings Inc. (EDR), owner of the Ultimate Fighting Championship, among the potential buyers.

WWE declined comment.

The mercurial McMahon, WWE's controlling shareholder, reinstated himself as executive chairman in January to oversee a strategic review and sale of the company. Last year, McMahon stepped aside after reports in the Wall Street Journal that he had paid millions of dollars to settle sexual-misconduct claims.

Shares of WWE are up nearly 3% in late-afternoon trading Friday.

As of the stock's close on Thursday, the asking price was nearly 40% higher than the company's $6.5 billion market value. WWE shares have climbed 30% this year, largely because of speculation over the potential sale.

The steep asking price has prompted wrestling observers to question how much WWE could actually fetch in a sale.

Also read:Stephanie McMahon resigns from WWE after Vince McMahon's return to board

Related: WWE's Vince McMahon agrees to multimillion-dollar legal settlement with accuser: report

-Jon Swartz


(END) Dow Jones Newswires

February 17, 2023 15:46 ET (20:46 GMT)

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