Monday, October 29, 2007

BVI Company's subsidiary RINO to complete merger with Nevada-based Jade Mountain Corporation

In the beginning of October, Nevada-based Jade Mountain Corporation reported about the acquisition of all the issued and outstanding capital stock of Innomind Group Limited, - the company registered in the British Virgin Islands. The deal took place through a share exchange.

Innomind Group, through its direct and indirect subsidiaries, including Chinese corporation Dalian RINO Environmental Engineering Science and Technology Co., Ltd., designs, manufactures, installs and services proprietary and patented wastewater treatment, exhaust emission desulphurization equipment, and high temperature anti-oxidation systems. The products of BVI company's subsidiary RINO are worked out to reduce industrial pollution and/or energy utilization.

RINO's proprietary and patented wastewater treatment equipment, called the “Lamella Inclined Tube Settler” wastewater disposal system, is a market leader in China's iron and steel industry. The Lamella system is patented, and patent applications extend also on the anti-oxidation system. These products were developed as a result of RINO's co-operation with the Chinese Academy of Science.

For the first half of the year 2007, BVI company's subsidiary received revenues of $28.7 million and net income of $7.3 million, compared to revenue of $4.1 million and net income $1.3 million during the respective period a year ago.

CEO and Chairman of RINO, Mr. Dejun Zou, has commented on the agreement between the BVI company and Jade corporation, "We are pleased to have completed this financing ... The proceeds are expected to be utilized for working capital and to expand our production capacity to meet the growing market demand. This will include implementing new operating systems, equipment and technology to improve both our operating efficiency and profitability. In addition, we intend to expand and strengthen our distribution and sales network in China, while continuing to focus on new product development efforts."

Saturday, October 27, 2007

KS Energy Ltd. acquires a BVI-registered shelf company KS Oil Rig Services Inc.

Global energy provider KS Energy Limited has acquired a shelf company KS Oil Rig Services Inc., incorporated in the British Virgin Islands with an authorised share capital of US$50,000.

KS Oil Rig is a wholly-owned subsidiary of KS Energy, with effect from 3 July 2007. The paid-up share capital of KS Oil Rig is that of an investment holding company for the purpose of seeking business opportunities in the U.S. and Gulf of Mexico.

KS Energy, formerly known as KS Tech Ltd, is an energy services group catering to the oil and gas and petrochemical industries around the world. The Group is headquartered in Singapore, and has subsidiaries and representative offices in China, Vietnam, Thailand, Qatar, UAE, USA, and Malaysia, to support its global base of oil and gas customers.

Thursday, October 25, 2007

Yanglin Group acquired by Victory Divide Mining through BVI-domiciled Faith Winner Investment Ltd

Victory Divide Mining company has reported about the acquisition of Faith Winner Investment Limited, which is registered in the British Virgin Islands. The announced deal took place on October 3, 2007.

BVI-domiciled corporation, through a Chinese-based Faith Winner (Jixian) Agriculture Development Company, has a series of contracts with Heilongjiang Yanglin Soybean Group Co. Ltd, which gives it control over Yanglin's finances and business, - manufacturing and selling non-genetically modified soybean products, - as if it were a wholly owned subsidiary of the BVI company. Over the past two years, Yanglin's business has grown significantly, with revenues increasing to $88,078,494 for the fiscal year ended December 31, 2006, from $38,395,505 for the prior year.

The CEO of the Victory Divide Mining company, Shulin Liu, commented on the deal that “The closing of our reverse merger transaction and financing provide us with the capital investment we need to not only continue the growth of Yanglin's business, but to accelerate that growth. We can now focus on meeting existing demand for our products, as well as accelerating marketing efforts to increase our market share both in the PRC and abroad."

Also, on the same date Victory Divide Mining company completed a private placement of $21.5 million through the sale of share of its Series A Convertible Preferred Stock and attached warrants.

Friday, October 19, 2007

Polymetal becomes the whole owner of its BVI-domiciled subsidiary

Polymetal, the largest silver producer and one of the leading gold producers in Russia, has acquired the 100% stake in the British Virgin Islands company Polymetal Esop Ltd. The Russian company said in its statement that it increased the stake in its subsidiary on September 26.

Polymetal operates in the Khabarovsk and Krasnoyarsk territories, the Sverdlovsk, Magadan and Chita regions, and in Mongolia. Company's shares are traded on the London Stock Exchange (LSE), the Russian Trading System (RTS) and the Moscow Interbank Currency Exchange (MICEX).

Wednesday, October 17, 2007

BVI-based manufacturing company to be acquired by Tank Sports Inc. incorporated in the U.S.

Tank Sports, Inc., a company originally incorporated under the laws of the State of California, has made an announcement that it has concluded a Letter of Intent to acquire People's Motorcycle International Company Limited (PMI), a company incorporated in the British Virgin Islands and having manufacturing facilities in Shanghai.

Tank Sports is planning to purchase 100% stock of PMI, by issuance of 4 million shares of Tank restricted common stock, and 1.5 million warrant coverage to the shareholders of the BVI company.

Tank Sports will begin custodial operation in PMI's Shanghai operation, and will start due diligent investigation concerning both legal issues and accounting. Both parties agree to initiate drafting a definitive stock purchase agreement after having finished the initial due diligence.

People's Motorcycle International was incorporated in the British Virgin Islands in June 2001, and is currently distributing products to six continents, including the establishment of a global Sales & Support Center located in Arizona, USA, in June 2002. PMI/Dazon also holds multiple design patents, both in the US and China. Mr. Thomas Chia, the founder and CEO of the BVI company, has indicated that the experience of their team in private companies will be a significant contribution to Tank's business plan of taking Tank Sports into major stock listing.

Monday, October 15, 2007

BVI company China Cablecom Ltd. to be acquired by Jaguar Acquisition Corporation

A special purpose acquisition company Jaguar Acquisition Corporation has published a Letter of Intent to acquire all of the issued and outstanding shares of China Cablecom Ltd., a company registered in the British Virgin Islands, an emerging consolidated cable network operator in the Shandong Province in the Republic of China. To secure this transaction, China Cablecom has raised $20 million of debt and equity bridge financing.

Jaguar Acquisition will provide further details on this transaction in the next two to three weeks. Pursuant to the provisions of its certificate of incorporation, the company now has until April 13, 2008 to complete its business combination and to satisfy the criteria for extension. The company anticipates signing a definitive agreement relating to its business combination within the next 30 days.

China Cablecom Ltd. is an emerging consolidated cable TV network operator. This BVI-incorporated company enables municipal cable TV network operators to be restructured into new companies in which local management incentives.

Jaguar Acquisition Corporation is a special purpose acquisition company formed in June 2005 for the purpose of acquiring, through a merger, asset acquisition or other similar business combination, or controlling an operating business in the financial services, payment or other industry. In April 2006, Jaguar Acquisition Corporation raised $289.3 million as its units began trading.

Friday, October 12, 2007

GeoProMining Ltd. has to complete successfully takeover for Sterlite Gold Ltd.

British Virgin Islands company GeoProMining Ltd. has announced that 253,526,305 common shares of Sterlite Gold Ltd., representing approximately 95.6% of the outstanding common shares of Sterlite Gold, were deposited to the offer made by GeoProMining to acquire all of the oustanding common shares of Sterlite Gold, for US$0.3845 in cash, per common share as at the expiry time of the offer. The date of expiration of the offer was September 27, 2007. All of the conditions of the offer were satisfied as at the expiry time, and GeoProMining has taken up all of the Sterlite Gold common shares that were deposited to the offer.

The BVI company intends to acquire the remaining Sterlite Gold common shares by means of a statutory compulsory acquisition at the same price as the Offer price, and to de-list the common shares from the Toronto Stock Exchange.

GeoProMining is a private diversified resources holding company having a portfolio of quality exploration and mining projects. Sterlite Gold is a Canada-based company, currently operating in Armenia in the business of acquiring, exporing and developing mineral resource properties, as well as operating gold mines.

Thursday, October 11, 2007

Leading optoelectronics manufacturer completes Share Exchange with BVI-domiciled Keep On Holdings Ltd.

Lincoln International Corporation, a company manufacturing optoelectronic products, has made an announcement that it has completed share exchange with the shareholder of BVI-registered Keep On Holdings Ltd. Pursuant to the agreement, the BVI company has become the wholly-owned subsidiary of Lincoln International.

Concurrent to the share exchange, Lincoln International completed a $4.0 million private placement of convertible preferred stock and warrants with accredited investors which purchased 3,703,704 shares of the company's series A preferred stock at $1.08 per share, and common stock purchase warrants to purchase 41,250,000 shares of Common Stock at $17 1/3 per share, and warrants to purchase 45,000,000 shares of Common Stock at $0.20 per share. In connection with the private placement, Lincoln International Corporation placed an aggregate of 3,700,000 shares of Series A Preferred Stock in an escrow account.

Keep On is the only shareholder of a Chinese corporation Suny Electronics (Shenzhen) Ltd, which designs, manufactures and markets small and mid-sized LED and CCFL backlights for various types of displays. In 2006, Suny reached the amounts of $15.9 mln in revenue and $2.4 mln in net income, - the 120% and 245% increase from 2005. For the six mopnths ended June 30, 2007, company's revenue increased 91% over the comparable period in 2006.

Friday, October 5, 2007

British Virgin Islands private company entered into Investor Relations Engagement with Columbia Metals Corp.

International Financial Consulting International Coordination Ltd. (IFCIC), a private company incorporated in the British Virgin Islands, has been engaged to provide international investment promotion services, to Columbia Metals Corporation Limited.

The investor relations agreement between the two companies comes into effect immediately and for a 12 months term. For its services, the BVI company will be granted options to purchase up to a total amount of 500,000 common shares at an exercise price to be determined in accordance with the TSX Venture Exchange policies at the date the options are granted. The options will vest up to a maximum of 125,000 options every three months, commencing on the third month after the date of the above agreement. The amount of options is based upon services provided by IFCIC in the preceding three months, as reviewed and determined by the Board of Directors of Columbia Metals Corporation.

Pursuant to the agreement, International Financial Consulting will provide following services in Columbia:
  • Diversification of Columbia's shareholder base, with a focus on long-term investors;
  • Assistance with scheduling and attendance on meetings with institutional investors, shareholders, the financial community and the media;
  • Assistance with the development of a complete public relations and marketing program;
  • Assistance in providing advice and guidance to Columbia, in its relationship with trade and the financial media;
  • Creation and maintenance of Columbia's contact lists;
  • Implementation of an effective web-based marketing strategy including regular electronic update services.
Currently, BVI-based IFCIC owns an amount of 2,871,000 common shares of Columbia Metals Corporation, representing 3.79% of company's current issued and outstanding share capital.