Olaf Berlien, Chief Executive Officer of Osram Licht AG, has taken the company’s Annual General Meeting (AGM) as an opportunity to announce the promotion of new technologies and innovations. “We will drive new technologies and innovations by using selective incentives and investments,” Berlien told shareholders on Thursday. “I have dedicated a further EUR 10 million from the Managing Board’s budget to fund projects like Lightify,” he said. Osram's Lightify system was recently launched on the market and enables wireless control of all the features light has to offer.

Nationstar’s Vice Chairmen Yao Hao Wang and Binhai Yu sold 11.55 million company shares, or equivalent to 2.68% company stock shares from Dec. 29-30, 2014, according to a report by Quanjing.com.