Dexterity Surgical, Inc. has announced the completion of a reverse merger with Hong Kong holding company Rise & Grow Limited, which is controlled by the British Virgin Islands company Newise Century Inc. To finilize the transaction, 26,400,000 common shares newly issued by Dexterity Surgical, Inc. (that is 66% of Dexterity Surgical’s 40,000,000 issued and outstanding shares) were issued to the BVI company, which is the sole shareholder of Rise & Grow.
Rise & Grow’ sole operating entity is Zhi Bao Da Tong (Beijing) Technology Co. Ltd. – a company formed under the law of the People’s Republic of China as a wholly foreign-owned enterprise doing business on the Chinese territory. After the transaction is closed, the operations of the Chinese company will become the only operations of Dexterity Surgical, Inc.
Thursday, December 27, 2007
Wednesday, December 12, 2007
Mercury Group acquires substantial stake in BVI-controlled retailer Dixy Group
Russia's Mercury Group announced that it has reached an agreement to acquire a stake of 50.96% in Open Joint Stock Company Dixy Group for an undisclosed amount. Both parties said the transaction is expected to close before February 1, 2008, and is still waiting approval from Russian regulators.
Mercury Group will make the acquisition by purchasing 100% of Dixy Retail Ltd, registered in the British Virgin Islands, which holds a 50.96% stake in the Dixy Group, via another holding company.
The BVI-controlled Dixy Group raised US$360 million through an initial public offering on Moscow's RTS and MICEX exchanges. At the current moment, about 48% of its shares are in free float. Currently, company's market capitalization is US$870 million, showing that the market value of the stake which Mercury Group is acquiring is worth approximately US$443 million.
Dixy is one of Russia's largest retailers, with 372 outlets, including 8 hypermarkets. Company's 2006 year sales totaled US$1.01 billion, in the first nine months of the year turnover reached US$990 million.
Mercury Group is a major Russian holding company with annual revenues of more than US$8 billion, having control over various assets including the Megapolis trading company, Orton Oil and the Moscow Wine and Brandy Distillery KiN.
Mercury Group will make the acquisition by purchasing 100% of Dixy Retail Ltd, registered in the British Virgin Islands, which holds a 50.96% stake in the Dixy Group, via another holding company.
The BVI-controlled Dixy Group raised US$360 million through an initial public offering on Moscow's RTS and MICEX exchanges. At the current moment, about 48% of its shares are in free float. Currently, company's market capitalization is US$870 million, showing that the market value of the stake which Mercury Group is acquiring is worth approximately US$443 million.
Dixy is one of Russia's largest retailers, with 372 outlets, including 8 hypermarkets. Company's 2006 year sales totaled US$1.01 billion, in the first nine months of the year turnover reached US$990 million.
Mercury Group is a major Russian holding company with annual revenues of more than US$8 billion, having control over various assets including the Megapolis trading company, Orton Oil and the Moscow Wine and Brandy Distillery KiN.
Saturday, December 8, 2007
BVI-registered company, together with other 2 parties, emerged as the holder of 24.33% in Mutiara Goodyear
Weida (M) Bhd, Laman Arif Sdn Bhd and the British Virgin Islands registered Dickenscott Investment Ltd have become the holders of the substantial part of Mutiara Goodyear Development, - with a total 24.33% stake comprising 56.18 mln shares in Malaysian property developer. A week ago, Weida acquired 13 mln of Mutiara shares, or 5.63%; BVI-domiciled Dickenscott Investment Ltd purchased 23.18 mln shares, or 10.04%, and Laman Arif Sdn Bhd bought 20 mln shares, or 8.66% of the whole amount.
Mutiara is the owner of 735.6 acres of land in Seberang Prai Selatan valued at about RM240.8 million, about 95 acres in Gombak with a net value of close to RM100 million, and an office building in Petaling Jaya, Selangor, with a net value of RM32 million.
According to the fiscal results published by the end of July 2007, the company had about RM35 million in cash; it also had about RM124.8 million in long-term borrowings, and about RM97.2 million in current liabilities.
Mutiara is the owner of 735.6 acres of land in Seberang Prai Selatan valued at about RM240.8 million, about 95 acres in Gombak with a net value of close to RM100 million, and an office building in Petaling Jaya, Selangor, with a net value of RM32 million.
According to the fiscal results published by the end of July 2007, the company had about RM35 million in cash; it also had about RM124.8 million in long-term borrowings, and about RM97.2 million in current liabilities.
Tuesday, December 4, 2007
Laguna Research Partners Releases Analysis of Merger btw BVI-based PMI and Tank Sports
In the end of November, business intelligence and research firm Laguna Research Partners LLC has released a Research Report providing analysis of the recently completed merger between Tank Sports and People's Motor International LTD (PMI), a British Virgin Islands company with manufacturing operations in Pudong, Shanghai.
BVI-registered People Motor International (PMI) – its primary name is Dazon - is one of leading buggy and go-kart developers and manufacturers. It has a special focus on motorsports vehicles approved by the European Economic Community and the US Environmental Protection Agency. For the first 8 months of 2007, the BVI company generated $4.45 million in sales, and Tank Sports expects cost saving are likely to be realized as a result of this merger.
Tank Sports is one of the leading companies that develops, engineers, and markets high performance on-road motorcycles and off-road all-terrain vehicles, through OEMs in China, and utilizes the so-called “China Concept” to participate in the $31.5 billion annually motorcycle/ATV market.
The Laguna Research Partners analysis of the planned BVI company's merger with Tank Sports states that “In the opinion of Laguna Research Partners, Tank's January 2007 acquisition of RedCat Motors, February 2007 financing of $1.1 million, and operating expense reductions, provide the foundation for improved operating results over the next several years. The company's acquisition of PMI, in our opinion, provides even greater certainty regarding Tank's ability to achieve our projected revenue and profit figures."
BVI-registered People Motor International (PMI) – its primary name is Dazon - is one of leading buggy and go-kart developers and manufacturers. It has a special focus on motorsports vehicles approved by the European Economic Community and the US Environmental Protection Agency. For the first 8 months of 2007, the BVI company generated $4.45 million in sales, and Tank Sports expects cost saving are likely to be realized as a result of this merger.
Tank Sports is one of the leading companies that develops, engineers, and markets high performance on-road motorcycles and off-road all-terrain vehicles, through OEMs in China, and utilizes the so-called “China Concept” to participate in the $31.5 billion annually motorcycle/ATV market.
The Laguna Research Partners analysis of the planned BVI company's merger with Tank Sports states that “In the opinion of Laguna Research Partners, Tank's January 2007 acquisition of RedCat Motors, February 2007 financing of $1.1 million, and operating expense reductions, provide the foundation for improved operating results over the next several years. The company's acquisition of PMI, in our opinion, provides even greater certainty regarding Tank's ability to achieve our projected revenue and profit figures."
Subscribe to:
Posts (Atom)