Tuesday, December 29, 2009

Talon Metals closed acquisition deal with Lara Exploration Ltd

BVI-registered Talon Metals Corp., an international exploration and mining company focused on development of resource projects, announced that it has entered into a transaction to acquire a 75 per cent stake in a subsidiary of Lara Exploration Ltd. The subsidiary owns all 13 potash exploration licences of Lara Exploration in Sergipe State, Brazil. Under terms of the agreement, the BVI company can acquire a 75 per cent stake in these properties by paying US$500,000 and spending US$4 million on exploration.

By words of Stuart Comline, president and CEO of Talon Metals, the agreement between the two companies will allow for rationalization of the proposed potash exploration program in the Sergipe State of Brazil. He said that the combining of the two companies' exploration licences represents a major consolidation of potash exploration ground on the only operating potash mine in Brazil.

Monday, December 21, 2009

BVI company Black Marlin Energy Limited and Kristina Capital issued update on their business combination

Canadian company Kristina Capital Corp. and British Virgin Islands-registered Black Marlin Energy Limited, which is principally engaged in the petroleum and natural gas exploration, development and production in Africa, as well as provision of seismic services through its subsidiaries, provided an update on their previously announced arm's length business combination. In August 2009, Black Marlin and Kristina signed a letter of intent where the terms of this deal were set out. The proposed transaction includes the asset sale, the consolidation, the name change, the continuation, and the acquisition of Black Marlin Shares by Kristina. The transaction will constitute a reverse takeover of Kristina for accounting purposes.

The merger agreement between the companies was signed on November 19, 2009. Under the terms of the merger agreement, Kristina will incorporate a wholly-owned subsidiary pursuant to the laws of the British Virgin Islands.

Upon incorporation and acceptance by the TSX Venture Exchange, the new BVI company will merge with Black Marlin so that it will continue functioning as a wholly-owned subsidiary of Kristina. Prior to the proposed transaction, the common shares of Kristina outstanding as at November 9, 2009 will be consolidated at a ratio of one Kristina share for each two Kristina shares held. The shareholders of Kristina will also be asked to approve the sale of Kristina's assets in exchange for nominal cash consideration, changing the name of Kristina to “Black Marlin Energy Holdings” or other name as agreed to by both companies; and the application by Kristina for the discontinuance from the Province of Alberta and the application to continue under the laws of the British Virgin Islands.

Sunday, December 20, 2009

BVI-registered company acquires DAL Group, LLC

Chardan 2008 China Acquisition Corp., a British Virgin Islands company formed in February 2008 for the purpose of acquiring a controlling interest in an unidentified operating business, announced that it has signed a definitive agreement to enter into a business combination with DAL Group, LLC. Upon the closing of the business combination with the BVI-registered blank check company, DAL will own 100 per cent of the business and operations of Default Servicing, Inc. and Professional Title & Abstract Company of Florida and the non-legal operations supporting the foreclosure and other legal proceedings handled by the Law Offices of David J. Stern, P.A.

Upon consummation of the acquisition transaction, Chardan will change its name to DJSP Enterprises, Inc., and will continue to trade on NASDAQ under the symbols DJSP, DJSPU, and DJSPW.

Following the closing of the business combination, which is subject to customary closing conditions, including approval of the acquisition agreement by holders of a majority of BVI company's ordinary shares outstanding, DJSP Enterprises will be one of the major providers of processing services for the motrgage and real estate industries in Florida and one of the largest in the United States.

Friday, December 11, 2009

Kermas Ltd decreased its voting rights in BVI-registered Ruukki Group Plc

The British Virgin Islands company Kermas Limited announced that on 11 December 2009 it entered into an agreement to sell 6,600,000 shares of Ruukki Group Plc, a company that specialises in industrial refining of certain natural resources and works in the areas of wood processing and minerals. After this deal, Kermas Ltd's current ownership has fallen below 30% of the share capital of Ruukki Group Plc and voting rights attached to these shares based on share transactions carried out on 10 December 2009.

By terms of the agreement, the BVI company was to sell 6,600,000 shares of Ruukki Group by 14 December 2009, and as a result of this share transaction, Kermas Ltd's proportion of voting rights attached to all the Ruukki Group Plc shares outstanding excluding treasury shares held by the Ruukki falls to just 29.58%. Thus, the BVI company has fulfilled the conditions of the exemption received from the Finnish Financial Supervisory Authority and will no longer have an obligation to make a mandatory bid for Ruukki Group Plc shares according to the Securities Market Act.

Wednesday, December 2, 2009

Eurocontrol enters into agreement with the BVI-registered Athlone Global Security

Canadian public company Eurocontrol Technics Inc. provided an update with respect to the letter agreement entered into with Athlone Global Security Inc., which is registered in the British Virgin Islands, on October 16, 2009.

According to the letter agreement, Eurocontrol, which specializes in the acquisition, development and marketing of innovative security technologies, will acquire all of the issued and outstanding common shares of the BVI company, in exchange for common shares and warrants of Eurocontrol Technics Ltd. As Eurocontrol and AGS have a director and officer in common, the transaction will be considered a non-arm's length transaction for the purposes of TSX Venture Exchange. Pursuant to the transaction, the shareholders of the BVI company will receive 2.4 common shares of Eurocontrol for each common share of the AGS. The deemed price per AGS share is $0.72 - based on the October 15, 2009 closing price of Eurocontrol on the TSX Venture Exchange. In addition, holders of common shares of AGS will receive one-half of one common share purchase warrant for each common share issued.

Upon completion of the transaction, the combined company will be positioned to become an integrator through the facilitation of end to end solutions with respect to its technologies.

The letter agreement between the parties also provides that in case if AGS receives a financially superior offer from a third party to acquire more than 50% of the assets of AGS, the BVI company shall pay Eurocontrol a $500,000 termination fee.

Currently there are 51,029,949 common shares of Eurocontrol issued and outstanding, and the combined company resulting from the completion of the transaction will have 144,004,751 common shares. The shareholders of the Canadian and the BVI company will hold in it 35.5% and 64.5% respectively.

Friday, November 20, 2009

BVI-based CTDC acquires majority stock of solar power plant business

China Technology Development Group Corporation, an integrated clean energy company headquartered in China and registered in the British Virgin Islands, entered into a Stock Purchase Agreement with China Technology Solar Power Holdings Limited (CTSPHL Group) and its direct and indirect shareholders to acquire a 51% equity interest and become its major shareholder.

CTSPHL Group, through its wholly-owned subsidiary, is involved in developing a 100MW grid-connected solar power plant project located in Delingha City, Qinghai Province, Northwestern China. The Group has obtained a 25-year operating license for the first phase of the Delingha 100MW Solar Project, consisting of 10MW. Construction on the first phase commenced on 28 September 2009 and is expected to be completed by the end of 2010.

Upon closing the transaction, the BVI company will develop the solar project jointly with CTSPHL Group. CTDC expects that its co-development of the project will help to achieve its goal and to become an integrated solar company with strong capabilities in designing, building and operating solar power plants.

Monday, November 9, 2009

BVI company acquires 62% control of Dionics, Inc

Dionics, Inc., the company manufacturing semiconductors and micro-electronics, announced selling of 62% interest in it to the new investor, British Virgin Islands-registered Central Mega Limited (CML). The BVI company purchased a total of 13 million shares of common stock of Dionics; of this amount, 11 million shares were newly-issued shares purchased from the company. Additional 2 million shares were purchased from company president Bernard L. Kravitz who also signed a two-year employment contract to continue as president and CEO.

All the shares had the price of US$.04 per share, resulting in an initial investment of US$440,000 capital in Dionics, Inc. by CML. This investments are intended to support both current operations as well as future growth.

By words of company's president, Dionics will get entry to the larger markets for its leading product with the help of BVI company's marketing and manufacturing contacts in Asia, and particularly in China.

Tuesday, November 3, 2009

China Medicine Corp. acquires Chinese pharmaceutical manufacturer through BVI company

In the end of October, China Medicine Corporation announced that through its wholly-owned Chinese subsidiary Konzern Pharmaceuticals, it has signed an equity transfer agreement to acquire 100 per cent equity interest in the British Virgin Islands corporation Sinoform Limited, for a cash payment of US $8.3mln and the assumption of US$13.2mln in debt . The BVI company purchased by China Medicine is the sole shareholder of Guangzhou LifeTech Pharmaceuticals Co. Ltd. , which is a developer, manufacturer and marketer of pharmaceuticals products, headquartered in Guangzhou.

The deal is expected to close on or before December 31, 2009. Upon closing the acquisition, China Medicine will obtain Life Tech’s assets, appraised at US$25.5mln. . Top-selling drug of acquired BVI company’s subsidiary LifeTech, Houerhuan Xiaoyan Capsules, is projected to account for 66% of LifeTech's annual sales in 2009 and has a gross margin of 60-70%.

Under the terms of the Transfer Agreement, China Medicine will pay approximately US$0.549mln of the cash purchase price and make a repayment of US$7.3mln of Life Tech’s debt upon the execution of the Agreement; the Chinese company will pay additional US$3.7mln upon the approval of the transaction by the foreign trade bureau. The remaining balance of the purchase price will be made on or before June 30, 2010.

Guangzhou LifeTech Pharmaceuticals Co. Ltd. is a developer and manufacturer of pharmaceutical products with focus on natural-source vascular, anti-inflammatory, women's health and other TCM and Western medicine products. China Medicine Corporation is a company involved in development and distribution of pharmaceuticals and traditional Chinese medicines, nutritional and dietary supplements, medical devices and medical formulations, nutritional and dietary supplements.

Friday, October 30, 2009

First Corp. acquires through share exchange 100% of BVI-registered Acquma Holdings Limited

In the mid of October, Dematco Inc. announced that its wholly owned subsidiary Dematco Group Corp. has developed the transaction with First Corp., which was arranged in July 2009. By this transaction, Dematco has enabled First Corp to acquire through a share exchange the entire issued share capital of the BVI-registered investment company Acquma Holdings Limited. This is a significant change from the previous agreement between the companies, whereby First Corporation was to acquire only 10% of the BVI company.

The share exchange between Acquma and First Corp. is a total of four new First Corp. shares for each Acquma share, resulting in the issue of 64,437,848 new shares of common stock in First Corp. By terms of the deal, Dematco receives a total remuneration of 7,050,000 shares of common stock in First Corporation. The company has already received, for earlier arrangements between First Corp. and Acquma, 440,000 ordinary shares of the BVI company. The Acquma shares received by Dematco will convert into 1,760,000 new shares of First Corp. Upon the consummation of the agreement, the Board of directors of the BVI company will join the Board of First Corp.

First Corp. is a Colorado corporation whose activities are limited to organization and capital formation. Acquma is a private investment firm which currently owns 18.3% of a private Finnish company, Tramigo Oy Ltd. The agreement enables Acquma to establish market value for their holdings in Tramigo, as well as gives Dematco a significant boost to its balance sheet.

Tuesday, October 20, 2009

2020 ChinaCap redomiciliates to BVI and completes acquisition of WHL

2020 ChinaCap Acquirco, Inc., a public acquisition company organized as a corporation under the laws of the State of Delaware, announced on 19 October 2009 that its stockholders have approved the acquisition by 2020 of Windrace International Company Limited. 2020 had entered into a definitive share purchase agreement with WHL, which is one of the largest branded sportswear companies in China, in May 2009. Upon the completion of the transaction on October 21, 2009, WHL has become a wholly-owned subsidiary of Exceed Company limited, registered in the British Virgin Islands.

Exceed Company Limited was the wholly-owned subsidiary of 2020, with which it was merged prior to the completion of the transaction with WHL, Exceed being the surviving entity. This resulted in the redomestication of 2020 to the British Virgin Islands and change of its ticker symbol for common stock from TTY to EDS to trade on the NASDAQ.

Friday, October 2, 2009

Malaysian AMDB group purchases BVI company shares to access London property

Walleng Enterprises Sdn Bhd, the unit of Malaysian AMDB Berhad Group, has subscribed for 60% of British Virgin Islands-incorporated Westlink Global Investments Ltd., and now is planning to purchase property in London for investment purposes. According to AMDB, Westlink had entered into a sale and purchase agreement with LS Victoria Properties Ltd, in order to purchase two office buildings in Paddington, London, for 50.5 mln pound sterling. These are 146,000 sq ft of retail and office space, 94% of which is currently rented by various tenants.

On September 23, Walleng had subscribed for 60 shares of 1 sterling pound each in the BVI company, or 60 per cent at par cash. Then, Walleng had committed to provide shareholders advances of up to 13.5 mln pound sterling (RM80 mln) to Westlink. Westlink's owner AMDB Group said the subscription in Westlink was a timely opportunity having the purpose to enhance shareholders' long term value by gaining access and investing to Europe's largest and highly liquid property market in London, at the period when property values had dropped significantly.

The shareholders advances will be made from AMDB's own funds and the bank borrowings of the group. The group expects these corporate transactions to have positive effect to AMDB's future earnings from the rental income of the property. AMDB's gearing from the utilisation of available facilities for the shareholder's advance will increase from 0.18 times to 0.39 times if fully disbursed. Its unit Walleng, whose core activities are property development and investment, has a paid-up of RM2.86 mln.

Tuesday, September 29, 2009

BVI company sells control of Bozel S.A. to Trillian Exploration Corporation

Trilliant Exploration Corporation, a producing mineral exploration and development company headquartered in New York and having its principal operations in Southern Ecuador, South America, entered into an agreement with the British Virgin Islands-registered Wellgate International Limited. As a result of this agreement, Trilliant will purchase full stock of BVI company's shares of Luxembourg-registered company Bozel S.A.

Under the terms of the Agreement, Trilliant shall purchase up to 100% of the outstanding capital stock of Bozel, on a fully diluted basis, in exchange for US$80,000,000 of the common stock of the Registrant. As part of the acquisition, Trilliant will also advance to Bozel a cash loan of US$ 20,000,000.

The consolidated operations of Trilliant Exploration plan to reach the amount of 750 tons-per-day within the next 18 months.

Thursday, September 24, 2009

BVI-registered Pluris Energy enters into share exchange agreement with Nationwide Energy

British Virgin Islands-registered company Pluris Energy Group Inc., an international energy company engaged in the acquisition and development of producing oil and gas interests in South America, announced that on August 27, 2009 it entered into a Share Exchange Agreement with Nationwide Energy Portal Inc., a Texas-based developer and provider of a proprietary software based energy portal. By terms of the agreement, Pluris will acquire through a reverse merger full stock of Nationwide Energy, which is currently a privately held company. Nationwide shareholders will receive 150,000,000 common shares of the BVI company. Escrow agreement between the companies will be entered into prior to the closing date of September 30, 2009.

After closing the transaction, Nationwide will become a wholly-owned subsidiary of Pluris Energy, and approximately 80 per cent of BVI company's stock will be controlled by the Nationwide shareholders. Nationwide will take over management of Pluris Energy, will appoint a new Board of Directors, and will pursue the continuation of the current Nationwide's business model of developing and deploying proprietary software architecture.

Also, by terms of the agreement, two wholly owned subsidiaries of Pluris Energy Group, BVI-registered Pluris Energy Group Inc. and Argentinian company Pluris Sarmiento Petroleo SA, must be divested of all their liabilities being transferred from Pluris Energy. Additional terms of the Agreement set out that the books of the company can not retain amounts greater that $175,000 in outstanding debts due and owing at the Closing Date.

As a result of the subsidiary divestiture requirements, on August 29 Pluris Energy sold all of its rights, title and interests in the subsidiaries for the transfer and assumption of approximately $1.3 mln owing to company's creditors. Additionally, the company received indemnification for up to $1.0 mln for any other previous liabilities that might arise from its operations prior to the closing of the agreement.

Sunday, September 20, 2009

IAG stockholders approve merger with BVI-registered Sing Kung Ltd

On September 9, 2009, California-based InterAmerican Acquisition Group Inc. (IAG) informed that its stockholders approved the proposed business combination with Sing Kung Limited, a British Virgin Islands company engaged through its wholly owned Chinese subsidiary in the planning and implementing urban projects for municipal and provincial governments of China. Having approved this previously announced business combination, IAG's stockholders also approved the redomestication of the company from Delaware to the British Virgin Islands, and the other matters related to redomestication. The closing date of the deal is September 9, 2009.

IAG, which was formed for the purpose of acquiring, through a merger, stock exchange, asset acquisition, etc., an unidentified operating business, entered into an agreement with BVI-based holding company Sing Kung in May 2009. By terms of the agreement, IAG acquires 89.6% of the capital stock of Sing Kung. Subsequent to the transaction and upon redomestication to the British Virgin Islands, IAG expects to change its name to CNC Development Ltd., and continue trading on the OTC Bulletin Board under the symbols IAQG, IAQGW and IAQGU.

Tuesday, September 15, 2009

BVI-registered Chaarat Gold Holdings receives government approval for subscription by Chinese company

British Virgin Islands-registered holding company Chaarat Gold Holdings Ltd announced that it received the regulatory approval of the Chinese Government concerning the subscription by China Nonferrous Metals Int'l Mining Co Ltd (CNMIM) for 22,469,289 shares in the BVI company at 25p per share. The signing of subscription agreement between Chaarat Gold Holdings and CMIM was announced in July 2009. Now, upon the receive of government approval, the BVI company applied for the admission of placing shares to trading on the London Stock Exchange AIM market. The admission is expected to take place on or about September 14, 2009.

Following the admission of the placing shares, the existing issued share capital of Chaarat Gold Holdings will increase from 90,441,714 ordinary shares of $0.01 each to 112,911,003 ordinary shares. The total number of voting rights which will be attached to the enlarged share capital on the basis of one vote per ordinary share will be 112,911,003.

Wednesday, September 9, 2009

Singapore textile company enters into acquisition deal with BVI-registered holding group

A Singapore-based company Ban Joo & Company Limited, designing, manufacturing and distributing of textiles and household items, has entered into conditional sale and purchase agreement with purpose to acquire the entire issued share capital of Telemedia Pacific, Inc. and Telemedia Pacific Incorporation Limited. The companies are to be purchased for from the British Virgin Islands-based investment holding Telemedia Pacific Group Limited.

Both subsidiaries of the BVI holding company are engaged in business connected to a submarine fiber optic cable which is to be constructed and laid between Hong Kong and Indonesia. Telemedia Pacific, Inc. is registered in the British Virgin Islands, while Telemedia Pacific Incorporation Limited is registered in Hong Kong.

By terms of the agreement, the $260.89 mln consideration will be satisfied immediately upon the allotment and issue of 3,582,380,952 new ordinary shares in the capital of Singapore company, at an issue price of $0.07 for each consideration share.

The acquisition will give an opportunity for Ban Joo & Company to venture into the cable business and the cable and exit the textile business. Also, upon the closing of the transaction the Singapore company will be able to address the growing demand for broadband transmission between HK and Indonesia.

Friday, August 21, 2009

U.S. corporation enters into definitive agreement with Sino-Canada Investment Group

Hartcourt Companies, Inc., a U.S. corporation with subsidiaries in China and other jurisdictions, focused on the Chinese education market, announced that it has entered into a Plan of Reorganization and definitive Share Exchange Agreement with Sino-Canada Investment Group Inc., having one of its main subsidiaries in the British Virgin Islands.

Subject to the terms of the agreement, Hartcourt will effect a 1 for 80 reverse stock split, prior to issuing common stock shares worth approximately $33,623,963 to the Sino-Canada shareholders for $0.88 per share, in exchange for 100% of the issued and outstanding capital stock of Sino-Canada.

The aggregate purchase price and the actual number of shares to be issued are subject to potential purchase price adjustments at the closing. Pursuant to the definitive agreement, the Sino-Canada shareholders will receive 38,209,049 shares of Hartcourt common stock in exchange for their shares. The number of Hartcourt common stock shares issued in the transaction will be decreased in case if Sino-Canada’s working capital decreases by more than 5% at the closing date (compared to March 31, 2009), and will be increased if Hartcourt's total liabilities at closing exceeds $600,000, up to the maximum of 45,850,859 shares. Upon the closing, current shareholders of Sino-Canada are assumed to hold approximately 86% of the outstanding shares of common stock of Hartcourt.

Upon closing the transaction Hartcourt will change its name to Maple China Education Incorporated.

Sino-Canada is focused on the investment and management activities in the sphere of education. One of its main subsidiaries, Canadian Learning Systems Corporation, was incorporated in BVI in 2003, and provides exclusive management services to each of Sino-Canada schools and training centers. The BVI company charges part of schools’ annual profits as compensation for services provided.

Sunday, August 16, 2009

BVI subsidiary of Shanghai Industrial holdings sells 30.18% stake in food company

Shanghai Industrial Holdings Limited, a HK-based company engaged in the infrastructure, medicine, consumer products and real estate industry, through its wholly-owned subsidiary S.I. Food Products Holdings, Ltd. (SIFP), registered in the British Virgin Islands, has entered into a share transfer agreement with Bright Food (Group) Co. for sale of 30.18% stake in a dairy products manufacturer Bright Dairy & Food Co., Ltd. By terms of the deal, the stake is sold for a cash consideration of US$227.19 million.

This transaction corresponds the objective of Shanghai Industrial Holdings to optimize its asset portfolio by divesting its non-core businesses and concentrating its resources on the core businesses. It would give Shanghai Industrial Holdings an estimated disposal gain before tax of approximately US$121.96 million, which is intended to be used for general working capital purposes and to fund future acquisitions. The China-based Bright Food will pay 50 per cent of the consideration, or US$113.59 million, to a custodian bank account which will be operated jointly by the BVI subsidiary of Shanghai Industrial Holdings or its nominees and Bright Food within three business days after signing of the share transfer agreement.

The offer price of US$0.72 per sale share represents an approximately 95% premium over the book cost of US$0.37 per sale share.

The share transfer agreement is to be executed by the parties involved in the transaction on or before November 30, 2009.

Monday, August 10, 2009

Dematco, Inc. announces update on the deal with BVI investment firm

Dematco, Inc., the company specializing in electronical trade of financial instruments, has announced that its wholly-owned subsidiary Dematco Group Corporation, on behalf of BVI-registered investment company Acquma Holdings Limited, arranged a transaction enabling 1.6 million shares of the BVI company to be acquired through a share exchange with First Corp.

First Corp is a Colorado corporation, while Acquma is a private investment firm incorporated in the British Virgin Islands, which is also the owner of 18% of a private Finnish company Tramigo Oy Ltd. This Finnish company is engaged in the development and marketing of GMS based navigation systems in more than 100 countries worldwide.

Robert Stevens, chairman and CEO of Dematco, commented on the transaction saying that it will enable the BVI company “to establish a market value for their holdings in an otherwise unquoted investment”. He said that Dematco will receive remuneration of 440,000 Acquma shares which are acquired by First Corp in exchange for 1,232,000 new shares of common stock in First Corp valued at US$1.00 per share, and a cash fee of Euros 60,000 (US$84,000).

Tuesday, August 4, 2009

Hutchison Whampoa announced the results of cash tender offers by BVI companies

The CI company Hutchison Whampoa International Limited and the BVI-registered Hutchison Whampoa International , which are the wholly-owned subsidiaries of Hong Kong-incorporated Hutchison Whampoa Limited, announced the expiration and final results of two previously announced cash tender offers - one by Acelist Limited and the other by Daystep Limited. Each of these companies is a British Virgin Islands business company and a wholly-owned subsidiary of the HK parent company.

The tender offers, each for up to US$750,000,000 aggregate principal amount of the applicable Series of Notes at a purchase price per US$1,000 principal amount of such Series of Notes determined by the modified procedure described in the Offer to Purchase in May 2009, expired on June 16, 2009.

The BVI-registered Acelist Limited has accepted for purchase the 2010 Notes, the aggregate principal amount of which was US$162,373,000 pursuant to the tender offer. Another BVI company, Daystep Limited, has accepted for purchase all of the 2011 Notes, the aggregate pirncipal amount of which pursuant to the tender offer was US$182,806,000.

Tuesday, July 28, 2009

BVI-registered Chaarat Gold Holdings signs subscription agreement with Chinese company

Chaarat Gold Holdings Ltd, the British Virgin Islands-registered holding company of the Chaarat Group, focused on the exploration and development of metals in the Kyrgyz Republic, announced the signing of subscription agreement with China Nonferrous Metals Int'l Mining Co Ltd (CNMIM). By terms of the agreement, the Chinese company will subscribe for 22,469,289 shares in the BVI holding, at 25p per share for total consideration of £5,617,322.

On completion of the transaction, Chinese company’s shareholding will represent 19.9% of Chaarat Gold’s issued share capital. CNMIM will obtain the right to appoint two directors to the board of the company if its interest in the BVI company does not fall below 15%, and one director if its interest does not fall below 10%, for a period over 6 months.

Chaarat undertakes that upon the issuance of further shares it will invite CNMIM to participate in order to maintain its level of shareholding, on the same terms as offered to other subscribers or, where options are exercised, by reference to the market share price prior to exercise. The BVI holding also agreed not to require CNMIM to make a cash offer to shareholders under Chaarat’s articles of associations, unless CNMIM reaches a 30% threshold.

CEO of the BVI company Dekel Golan commented on the transaction: This is a significant milestone for our Company. This investment will enable us to complete the feasibility study and all other studies required for taking the project towards development. CNMIM, being very familiar with the Chinese mining environment will be able to assist in introducing the Company to financial institutions interested in financing projects such as Chaarat and to various contractors and service providers required for such development."

Monday, July 20, 2009

BVI-based company Megaway International Holdings finalizes reverse merger

BTHC VIII, a total solution provider of heat exchangers in China, announced the closing of a share exchange transaction with the shareholder of the British Virgin Islands corporation Megaway International Holdings.

In the share exchange transaction, BVI company's shareholder was issued 14,800,000 shares of common stock of BTHC VIII, which makes approximately 92.5 percent of the total issued and outstanding capital stock of the company, in exchange for 100 per cent of the issued and outstanding shares of Megaway. As a result of the deal, Megaway has become a wholly-owned subsidiary of the company.

Upon the closing of the share exchange, BTHC's executive officers were replaced by the executive officers of the BVI registered Megaway and its subsidiaries. The company plans to change its name to THT Heat Transfer Technology.

Tuesday, July 14, 2009

BVI-registered China Net Online Media Group becomes subsidiary of Emazing Interactive, Inc.

Publicly traded Nevada corporation Emazing Interactive, Inc. entered into a share exchange agreement with British Virgin Islands-registered China Net Online Media Group Limited, and all of its shareholders. As a result of the share exchange, the BVI company became wholly owned subsidiary of Emazing Interactive.

Under the terms of the share exchange agreement, the shareholders of the BVI corporation transferred all their shares to Emazing, in exchange for the issuance of 13,790,800 fully paid and nonassessable shares of Emazing Common Stock. Also, the company announced the change in the Board of Directors and executive officers as of the close of the Share Exchange.

BVI-domiciled company China Net Online Media Group Ltd. was founded in 2003 as a full-service media development and advertising platform for the small and medium enterprise market in China. China Net became the parent holding company of a group of companies - Hong Kong-based CNET Online Technology Limited, which is the parent company of Rise King Century Technology Development (Beijing) Co., Ltd., China-based and foreign-owned enterprise. The BVI company operates advertising business in China through contractual arrangements.

Thursday, July 9, 2009

BVI subsidiary of CNNC International buys 69% of Western Prospector Group's shares

Canada-listed company Western Prospector Group Ltd., focused on uranium project in Mongolia, announced that its 38,003,666 common shares (approximately 69% of company's shares) were deposited to the offer of the British Virgin Islands-registered First Development Holdings Corporation, which is an indirect wholly-owned subsidiary of public HK-listed company CNNC International Limited, for all of the outstanding common shares of Western Prospector.

This result represents substantial support for the offer, and First Development has taken up and accepted for payment all the shares tendered, in the amount of C$0.56 per share of the Western Prospector common shares deposited to the offer.

In March 2009, the BVI-registered First Development and Western Prospector entered into a support agreement pursuant to which Western Prospector represented that the directors and officers of the company intend to tender or caused to be tendered to the Offer Western Prospector common shares over which control or direction is exercised, and that any restrictions imposed on or by Western Prospector to prevent any director or officer from tendering such shares have been waived or removed.

First Development has informed Western Prospector of its intention to acquire all of its remaining common shares that are not already owned by First Development.

Tuesday, July 7, 2009

African Aura and Mano River resources merge under BVI law

African Aura Resources Limited, an exploration company focused on the discovery of economic iron, gold and uranium deposits, entered into the definitive combination agreement with Mano River Resources Inc. The transaction is structured as a merger under the corporate laws of the British Virgin Islands between MANAAR Limited, a wholly-owned BVI subsidiary of Mano River, African Aura and Mano River. BVI-registered MANAAR will, subject to regulatory approval and the approval of the merger by the shareholders of African Aura, merge with African Aura, and Mano River will thereby acquire all common shares of African Aura.

The terms of the merger agreement are similar to the previously announced letter of intent signed by the companies on 15 April 2009, amended on May 14 2009 and then on June 12 2009. Mano River will offer 1.57 its shares for every one African Aura share in order to acquire the entire issued share capital of African Aura.

The African Aura meeting at which its shareholders will consider and approve the merger is scheduled to be held on 31 July 2009. The effective date for closing of the deal is expected to be in August or September, then the merger will be complete and Mano River shares will be issued to African Aura shareholders.

Friday, July 3, 2009

Alyst Acquisition closes merger transaction with BVI-domiciled China Networks Media

British Virgin Islands company China Networks International Holdings, Ltd. and special purpose acquisition company Alyst Acquisition Corp. have completed the redomestication merger of Alyst in the British Virgin Islands, and the subsequent merger of China Networks subsidiary China Networks Media Ltd., also registered in BVI. The deal was announced in December 2008 as the plan of the acquisition of all the shares of the BVI company by Alyst Acquisition and the business combination merger.

The special stockholder meeting for voting on the proposed merger was held on June 24, 2009, when holders of over 70% of Alyst's stock voted in favor of the transaction. The closing of the business combination merger occured on June 30 immediately after the BVI authorities confirmed the acceptance of the Articles and Plan of Merger effecting the business combination merger. During the meeting, Alyst's stockholders also approved the 2009 Omnibus Securities and Incentive Plan, pursuant to which the directors, officers, employees and consultants of CN Holdings or its subsidiaries may be granted options to purchase up to 2,500,000 ordinary shares of the BVI company.

Initially, the ordinary shares, units and warrants of BVI-based CN Holdings will continue to be traded on the NYSE Amex under the ticker symbols CNR, CNR.U and CNR.WS, which were used earlier.

Saturday, June 27, 2009

BVI company acquires shares of Pioneer Cement Ltd

Vision Holding Middle East Ltd, British Virgin Islands-registered company having its headquarters in Karachi, Pakistan, announced the acquisition of 24.599 % shares in Pioneer Cement Ltd - a public company incorporated in Pakistan and engaged in manufacturing and sale of cement.

The shares have been purchased by the BVI company at the rate of Rs10 ($0.12) per share on June 18, 2009. According to information received by Karachi Stock Exchange, the purchase price is Rs22 per share - subject to downward adjustment following completion of due diligence, which will be done in the next four months to determine the final price.

Vision Holding Middle East has also entered into a call-and-put option agreement with several shareholders of Pioneer Cement Ltd for the purchase of 28.855 % of the total issued and paid up share capital of the Pakistani company in the next 1,5 years. Also, the Competition Commission of Pakistan has given its clearance to the acquisition initiated by the BVI company.

Tuesday, June 23, 2009

Chinese pharmaceutical corporation makes private placement with the BVI company

China Biologic Products, Inc., one of the leading plasma-based biopharmaceutical companies in China, announced that it has entered into a securities purchase agreement with accredited investors led by Essence International Investment Limited – an investment company registered in the British Virgin Islands. By this agreement, China Biologic will issue 3.8% senior secured notes due 2011 in the amount of $9,554,140, convertible into Chinese company’s common stock at $4.00 per share. The company also issued warrants to purchase up to 1,194,268 shares of its common stock at a price of $4.80 per share.

China Biologic reported its intention to use the proceeds of the deal to pay part of the purchase price for the interests it recently acquired in companies Xi'an Huitian Blood Products Co., Ltd. and Chongqing Dalin Biologic Technologies Co., Ltd., as well as for working capital and general corporate purposes.

Essence International Investment Limited is a company incorporated in the BVI for the purpose of investing in the Chinese company, and is owned by several accredited investors experienced in providing growth capital to early and expansion stage companies in China, particularly in healthcare industry.

Sunday, June 14, 2009

BVI Fund sells 1.13 per cent of shares of Malaysian corporation

According to filings, the British Virgin Islands-based CIM Dividend Income Fund Ltd disposed 1.13%, or 3.89 mln shares of NV Multi Corporation Bhd, which is involved in bereavement care services, in the period between May 6 and May 8. 15,000 and 38,000 NV Multi Corp shares were disposed on May 6 and 7, and 3.84 mln shares on May 8.

By this disposal, the BVI-registered fund now holds 20.54 million shares, or an indirect interest of 6% in NV Multi Corp. CIM Dividend Income Fund Limited is one of the Funds controlled by the UK asset management company CIM Investment Management Limited.

Tuesday, June 9, 2009

BVI-registered shareholder of Finnish company announces change of shareholding

Ruukki Group Plc, the company which specialises in industrial refining of certain natural resources and working in the areas of wood processing and minerals, has received the announcement regarding change of shareholding from the British Virgin Islands-registered Kermas Ltd. The BVI company announced that, based on share transactions carried out on May 14, 2009, its current ownership has exceeded 15% of the share capital and voting rights of Ruukki Group Plc.

Kermas Ltd. (BVI) also informed that it now owns Ruukki Group Plc shares and forward contracts in the following order: current ownership of shares makes 41,111,200 (15.75%), potential future ownership will add 45,255,300 (or 17.34%), while potential future ownership as an option arrangement will add 73,170,731 (or 28,03%). Total amount of shares will make 159,537, or 61.12%. Forward contracts will expire in June 2009.

The registered number of shares of Ruukki Group Plc is 261, 034, 022, and share capital is EUR 23, 642,049.60. The number of treasury shares held by the Group on May 15, 2009 was 10,700,000 shares.

Saturday, June 6, 2009

Alyst announces stockholder meeting on merger with the BVI corporation

On May 15, a special purpose acquisition company Alyst Acquisition Corp. announced that June 23, 2009 was approved by its Board of Directors as the date for a special meeting of company's shareholders for voting on the proposed merger with China Networks Media Ltd. - a television advertising company formed in 2007 in the British Virgin Islands. Alyst signed an agreement and plan of merger to acquire full stock of joint venture provider of broadcast television services in China in August 2008, and confirmed its intention in January 2009.

By means of merging with its wholly-owned subsidiary, China Networks International Holdings, Ltd., also registered in the British Virgin Islands, Alyst plans to redomesticate to the jurisdiction prior to consummating its transaction with China Networks Media Ltd.

On January 30, 2009, Alyst filed a preliminary proxy statement/prospectus in connection with the proposed business combination, and filed amendments to it on April 16 and May 14, 2009. Alyst intends to file the definitive proxy statement/prospectus and related registration statement, filed by China Networks International Holdings, Ltd., Alyst's wholly-owned BVI subsidiary and intended surviving corporation after consummation of the proposed merger.

Sunday, May 31, 2009

BVI subsidiaries of Hutchison Whampoa Ltd publish status update of their cash tender offer

On May 22, 2009, the British Virgin Islands companies Acelist Limited, Daystep Limited, Ideal Zone Limited and Plan Bright Limited, all of them being wholly-owned subsidiaries of Hutchison Whampoa Limited, made an announcement in connection with the cash tender offer issued on May 7, 2009 by CI-based subsidiaries of Hutchison. The BVI companies announced that the notes were tendered on May 21, 2009. According to the terms and conditions of the tender offer, which are set in the Offer of Purchase, its expiration date currently is June 8, 2009.

The aggregate principal amount of the Notes tendered exceeds the US$1,500 mln Maximum Tender Offer Amount, so 2013 notes will, if accepted for purchase, be purchased on a pro rata basis. Any notes tendered but not accepted for purchase will be returned to the tendering parties following the expiration or termination of the applicable tender offer, are more fully set out in the Offer to Purchase.

Wednesday, May 27, 2009

CanAsia Financial Inc. announces proposed qualifying transaction with BVI company

CanAsia Financial Inc. announced that it has entered into an arm's length agreement in principle dated May 12, 2009 with the British Virgin Islands corporation Classet Holdings Inc., with the purpose to purchase all of the issued and outstanding securities of its wholly owned subsidiary Classet Co. Ltd, which is located in Seoul, South Korea, and was incorporated under the laws of South Korea in 2006.

Under the terms of the Agreement, the Canadian company has agreed to acquire Classet Co. from the BVI company for consideration of a CDN$25,000 deposit, 10 mln common shares of the company at a deemed price of $0.10 per share, 23 million redeemable convertible preferred shares of the company, and a redeemable debenture with the principal amount of $450,000 for the term of five years at an interest rate equal to 4% per annum.

Each preferred share into a common share of the company at any time after November 12, 2010, at a price per common share of CDN$0.10, subject to the company meeting the Exchange's public distribution requirements. Each Preferred Share is also redeemable by the company at a price of CDN$0.10 for a period of five years from the closing date.

In accordance with the TSX Venture Exchange, the transaction is intended to be the company's qualifying transaction. Closing of the transaction is expected to take place on or before November 12, 2009.

The South Korean company engages in design, manufacturing and distributing mobile broadcast receivers (digital) all-in-one CPU boards, digital mobile TVs, portable media players, high-definition set-top boxes, personal navigation assistants, multimedia codecs, USB applications and middleware. Company's sales are primarily in Asia including Korea, Japan, China and Taiwan, however, Classet Co. has appointed representatives and distributors worldwide.

Saturday, May 23, 2009

CITIC Bank acquires major stake of its associate from the BVI company

Last week, China CITIC Bank acquired a 70.32 per cent stake in CITIC International Financial Holdings Ltd. from the British Virgin Islands-registered Gloryshare Investments (GI), a wholly-owned subsidiary of CITIC Group. By terms of the contract, the stake will be purchased from the BVI company for HKD 13.56 billion in cash. Some analysts consider that the deal brought the bank a HKD 2.11 billion non-guarantee loan.

In January 2009, CITIC International Financial, which is a joint venture between the BVI-registered GI and Banco Bilbao Vizcaya Argentaria SA (BBVA) , signed a contract to receive a HKD 3 billion credit line from its two shareholders - a HKD 2.11 billion credit line from GI, and a HKD 890 million one from BBVA. After the completion of the deal, CITIC Bank will take the responsibility to grant the HKD 2.11 billion credit line to CITIC International Financial. The credit line is of no guarantee as it was granted by parent company to subsidiary.

CITIC Bank's loans granted to related companies reached CNY 2.8 billion in 2007, rising 23.05 per cent year on year, and making 0.49 per cent of its total loans. In 2008, the amount of loans reached 5.7 billion - 104.9 per cent from a year ago, accounting for 0.88 per cent of the total loans. This year, the figure is expected to be around HKD 7.8 billion.

GI, a wholly-owned subsidiary of CITIC Group, became the fourth biggest shareholder of CITIC Bank having taken a 4.93 per cent stake in it as of March 31, 2009.

Monday, May 18, 2009

Chinese medicine company completes reverse merger with BVI holding group

On May 7, 2009, Domain Registration Corp., which is now in the process of changing its name into BioPharm Asia, Inc., acquired all of the outstanding capital stock of the British Virgin Islands-based China Northern Pharmacy Holding Group Limited (CNPH). The company has preliminarily completed the integration of industry chain, extending the sole trading business (including terminal chain stores, distribution and wholesale business). The Board of Directors of Domain Registration Corp. has adopted certain amendments, which include name change to BioPharm Asia, Inc., which shall become effective upon shareholder approval and the supply of information to the SEC.

BVI-registered CNPH is a holding company that acquired all of the outstanding stock of China Northern Pharmacy Holding Group Limited based in Hong Kong (CNPH HK), the company that owns two operating subsidiaries focused on pharmaceutical logistics and distribution as well as the sale of herbal products throughout China. Through these two wholly-owned subsidiaries, Domain Registration Corp. is planning to create a comprehensive pharmaceutical company in China, and an integrated industry chain.

The company which will be named BioPharm Asia intends to further include into its business Tibetan pharmacies, healthcare and medicine delivery services.

Future BioPharm Asia held a press conference concerning the successful reverse merger, which was attended by some institutional investors and investment banks from the United States, and entrepreneurs from approximately 50 well-known Chinese pharmaceutical companies, medicine distributors and pharmacy chains.

Wednesday, May 13, 2009

2020 ChinaCap Acquirco, Inc. and its BVI subsidiary sign share purchase agreement with WHL

On May 11, 2009, 2020 ChinaCap Acquirco, Inc. has announced that along with its wholly-owned British Virgin Islands-registered subsidiary Exceed Company Limited (Newco) it has entered into a definitive share purchase agreement with Windrace International Company Limited (WHL). WHL is one of the largest branded sportswear companies in China, engaged in the design, manufacturing, trading and distribution of sporting goods in the country. 2020 is a public acquisition company formed in Delaware in 2006, to effeect a business combination with an operating business with operations in PRC.

After completion of the transaction, WHL will become a wholly owned subsidiary of Newco. Current management of the company will continue to run the business following consummation of the acquisition. George Lu, Chairman and CEO of 2020, stated that over the last years WHL managed to build one of the top five sporting goods companies in its market segment, and they are confident that its current transformational strategy 'will give the way to a stronger leadership position for WHL in China.'

Pursuant to the Share Purchase Agreement dated May 8, 2009, Newco will acquire all of the ordinary shares of WHL, and the last one will become a wholly owned subsidiary of Newco, which will merge with 2020, Newco being as the surviving company. Newco will acquire WHL in an all-stock transaction which includes 17,008,633 ordinary shares of Newco stock, excluding additional contingent shares. Pursuant to the agreement, 2,750,000 shares will be issued to WHL shareholders upon closing. Up to 14, 258,633 shares of these 17,008,633 shares noted will be released to WHL shareholders when, on a consolidated basis, the surviving company achieves or exceeds after-tax net profits in the fiscal years of 2009, 2010 and 2011.

Furthermore, WHL shareholders and their designees will be issued an additional 2,212,789 ordinary shares of Newco, when the surviving company achieves or exceeds after-tax net profits in the fiscal year ended December 31, 2011, in the amount of $64,333,821.

Friday, May 8, 2009

CI-based companies make cash tender offer to a group of BVI companies

On May 7, 2009, several Cayman Islands-based offshore companies, all of them being wholly-owned subsidiaries of Hutchison Whampoa Limited, announced the commencement of a cash tender offer by each of BVI-registered companies Acelist Limited, Daystep Limited, Ideal zone Limited and Plan Bright Limited, for the listed series of notes. All the named BVI companies also are wholly-owned subsidiaries of Hutchison Whampoa Finance Limited.

The terms and conditions of the tender offer are described in the Offer to Purchase and the Letter of Transmittal dated May 7, 2009. The Cayman Islands companies are collectively offering to purchase up to US$1,500,000,000 aggregate principal amount of Notes.

The term of the tender offer will expire on June 8, 2009, unless extended. Holders must validly tender their notes on or before the “Early Tender Date”, on May 21, 2009, and not withdraw such notes on or before the “Withdrawal Date”, in order to be eligible to receive the applicable Total Consideration.

The Total Consideration for each US$1,000 in principal amount of Notes tendered and accepted for payment pursuant to the tender offer will be determined in the manner described in the offer to purchase, and is equal to the sum of the present value on the date of payment of the applicable tender offer consideration of the principal amount plus the present value on the Settlement Date of all remaining scheduled payments of interest on such principal amount.

In addition to the applicable total consideration, or applicable tender offer consideration, holders whose notes are accepted for purchase will receive a cash payment representing the applicable accrued and unpaid interest up to the Settlement Date.

Monday, May 4, 2009

BVI-registered Atlas Minerals sells the stock of its BVI subsidiary to Quito JointVenture Group

Recently TSX Venture Exchange accepted for filing a Binding Letter of Intent between the British Virgin Islands-registered Atlas Minerals Inc. and Quito JointVenture Group, dated November 12, 2008.

By the terms of this Agreement, the BVI company is to sell to the QJV up to 100% of its stock in its wholly-owned subsidiary Atlas Moly Investment Corporation (BVI), which in its turn is the beneficial owner of Ecuador-based Atlas Moly S.A. Atlas Moly is the substantial holder of all the assets of the BVI company located in Ecuador.

The purchase price which will be paid by Quito JointVenture Group for the stock of Atlas BVI is CDN$425,000. Also, the company will retain a 1.5% net smelter return which can be bought by Ecuador company at any time for the price of US$1,500,000.

Tuesday, April 28, 2009

BVI-registered Hallwood Financial Limited intends to acquire stock of the Hallwood Group Incorporated

Hallwood Financial Limited, a private company incorporated in 2008 in the British Virgin Islands and wholly owned by a Jersey-based Hallwood Trust, announced that it has advised the board of directors of Hallwood Group Incorporate about its intention to offer to acquire all of its outstanding publicly held shares.

BVI-registered Hallwood Financial, which currently owns 65.7% of the common stock of the Delaware-based Hallwood Group Incorporated, has intention to offer to acquire the balance of its common stock at $12.00 per share in cash. The aggregate consideration for the company's outstanding shares not held by the BVI company would be approximately $6.3 million.

Hallwood Financial intends to proceed with its offer as quickly as possible, but the exact structure and timing of the offer are not determined.

Currently, the principal business focus of Hallwood Financial is investing in marketable securities in the United States and the United Kingdom.

Wednesday, April 22, 2009

BVI-registered Wellkan Resources Limited and JJR II Acquisition Inc. announce definitive agreement and additional transaction information

British Virgin Islands-incorporated Wellcan Resources Limited, engaged in the acquisition, exploration and development of mineral properties in the Chinese Republic, has announced that JJR II Acquisition Inc., Wellkan, Fit Plus Holdings Limited, Ma Zhaoyang and Liu Bingqiang entered into an acquisition agreement dated April 17, 2009. The definitive agreement, which followed signing the letter of intent in December 2008, provides for the acquisition of all issued and outstanding securities of the BVI company by JJR, by way of share exchange.

The share exchange, which, if completed, will be the qualifying transaction of JJR, provides an offer to the Wellkan shareholders, and the Wellkan shareholders tender their shares pursuant to letters of transmittal. The controlling shareholder has already agreed to tender its common shares of the BVI company, representing 51% of the outstanding Wellkan shares, pursuant to the proposed transaction.

Pursuant to the terms of the Definitive Agreement and the Letter of Transmittal, subject to receipt of applicable regulatory approvals, shareholders of JJR and Wellkan will conduct share exchange while Wellkan will become a wholly owned subsidiary of JJR. Pursuant to the proposed transaction, the holders of the Wellkan shares will exchange their shares for 50,000,000 common shares of JJR, at a price of $0.35 per share.

Friday, April 17, 2009

BVI-registered Polo Resources announces acquisition of shares in Australian company

BVI-registered mining and exploration group Polo Resources Limited on April 15, 2009 acquired 250,000 fully paid ordinary shares of ASX- and TSX-listed company Extract Resources Limited. The stock was acquired through the Australia Stock Exchange, at a price of AUS$3.65 dollars (Cdn.$3.18) per share.

Some shares of Extract Resources Limited, a coal exploration company based in Australia and working mainly in Namibia, have been already owned by certain subsidiaries of Polo Resources. Now, together with the newly acquired stock, they total 22,521,700 shares, representing approximately 10.1% of Extract's fully paid ordinary shares outstanding, based on Extract's public disclosure.

The shares have been acquired by for investment purposes. Also, Polo Resources announced that, depending on market conditions, it may acquire additional fully paid ordinary shares of Extract Resources.

Friday, April 10, 2009

Berkeley raises $10m in placement with BVI-registered Polo Resources

The uranium company Berkeley Resources said it plans to raise $10mln in a placement and right issue with Polo Resources, the AIM-listed company based in South Africa and registered in the British Virgin Islands, providing basic funding. The money will be used for a feasibility study into the Salamanca uranium project of Berkeley Resources, which is working mainly in Spain. This project includes uranium resource and an existing uranium processing plant.

The placement with the BVI company involves 14 mln new shares at 50 cents each, with seven million attaching options at an exercise price of 75 cents. Polo Resources will subscribe for 10 mln shares, of 14 mln, and take 5 mln options with the company's chairman Stephen Dattels taking a seat on Berkeley's board.

The existing shareholders will be given a chance to apply for one new Berkeley share for every 20 they hold as part of a rights issue; also, they will be entitled to one free attaching option for every new share they receive, exercisable at 75 cents.

The BVI-based Polo Resources holds coal and uranium assets in Mongolia.

Tuesday, March 31, 2009

Chinese division of Yum! Brands purchases stake in BVI-controlled Little Sheep

On March 25, 2009 the Chinese division of the company Yum! Brands, Inc., headquartered in Shanghai, announced the intention to acquire 20 per cent of Little Sheep - an Inner Mongolia-based hot pot business with outlets around China. As a result of this deal, the value of which is 493 million Hong Kong dollars (US$63.7 million), Yum! Brands will become the second largest shareholder in Little Sheep, after Possible Way International, its controlling shareholder, registered in the British Virgin Islands. Yum! Brands plans to acquire more than 205 million shares of two UK-based private equity firms, and of BVI-based Possible Way International.

The proposed price of shares of BVI-controlled Little Sheep is 2.4 HK dollars each, and the deal is planned to be completed this summer. Upon the completion of the deal, the combined annual operating income of Yum! and Little Sheep in mainland China is expected to be about 32 billion yuan (US$4.71 billion), making less than 2 per cent of the restaurant and catering business, so the deal would not lead to a monopoly situation in China.

Also, spokesman for Yum! Brands said that at the moment the company has no plans to build up larger stake in Little Sheep, and does not plan to participate in its day-to-day business administration.

Yum! Brands, Inc. is a parent company of chain restaurants including KFC and Pizza Hut, operating about 3,000 stores in China. Little Sheep was founded in Baotou in 1999, and now runs mutton-based hot pot catering and franchising business.

Thursday, March 26, 2009

Talon Metals updates loan terms for BVI-registered Saber Energy

Mineral exploration company Talon Metals Corp, registered in the British Virgin Islands, announced that it has agreed to a 30 day maturity date extension of the $6 mln loan that was made by it to Saber Energy Corp., a private coal bed methane exploration company working in Botswana, Africa.

Talon Metals entered into a binding agreement with Saber Energy Corp., also based in BVI, in September 2008. The original maturity date of the loan was March 24, 2009, and the loan will not be repaid on this date. Also, Talon continues due diligence review of Saber regarding potential merger of the two BVI companies.

The discussions of the two BVI companies are to be concluded in about 30 days, or on before April 24 2009. In case if the discussions do not result in agreement on a further extension to the loan and interest earned, the loan would be paid immediately.

Talon's $6 mln loan to Saber is secured against Saber's assets which include its land licenses in Botswana and other assets. Currently Talon's management and auditors are establishing an appropriate valuation for the loan. Currently payable interest on the loan is 18 per cent per annum.

Talon is continuing to investigate other opportunities, and is currently undertaking due diligence reviews on a number of such opportunities that have been identified for new resource projects.

Saturday, March 21, 2009

More than 10% of African mining corporation purchased by BVI-registered subsidiary

London Stock Exchange listed mining company Titanium Resources Group Ltd. has published a Notice of Substantial Shareholding, informing the publics that on 12 March it was notified that the British Virgin Islands-registered Leopard Titanium Limited acquired its 2,000,000 ordinary shares, at a price of 3.25p a share. As a result of the purchase, the BVI company now owns 25,427,856 ordinary shares of Titanium Resources, which represents 10.85% of its total issued share capital.

The BVI-based Leopard Titanium Limited is a company in which Mr. Jean Raymond Boulle is the sole shareholder and sole director. It was previously disclosed that Mr. Boulle also directly owns a further 114,981,497 ordinary shares representing 49% of total issued share capital of the mining company.

Titanium Resources Group has the major part of its operations in te Republic of Sierra Leone, producing rutile and ilmenite for industrial needs . It is the country's largest private sector employer,. and its operations historically accounted for over 65% of exports of Sierra Leone.

Tuesday, March 17, 2009

China Opportunity Acquisition Corp. to merge with BVI-registered parent of Chinese Specialty Steel Company

China Opportunity Acquisition Corp., a blank check company formed in 2006 as a vehicle to effect a merger, capital stock exchange and asset acquisition, announced that its shareholders approved the merger with Golden Green Enterprises Limited, a privately held company registered in the British Virgin Islands. As a result of this merger, China Opportunity's shares of common stock, warrants and units will be converted into like securities of the BVI company on a one-to-one basis.

Closing of the merger is expected to occur on or about March 17, 2009. Shortly after it, ordinary shares, warrants and units of Golden Green will trade on the Over-the-Counter Bulletin Board. Following the completion of the merger, Golden Green will continue operations under its present name.

BVI-domiciled Golden Green, through its operating company, Henan Green Complex Materials Co., Ltd., is a manufacturer of specialty steel products in China. Harry Edelson, CEO and Chairman of the Board of China Opportunity, commented that this transaction will provide Golden Green with a public listing in the US, to help execute its aggressive growth strategy.

Monday, March 16, 2009

BVI-based A-Power signs two agreements with GE Drivetrain Technologies

British Virgin Islands-registered A-Power Energy Generation Systems Ltd., the provider of distributed power generation systems in China, and GE Drivetrain Technologies have signed supply and joint venture partnership agreements. The first agreement signed is for GE Drivetrain Technologies to supply A-Power with 2.7 megawatt (MW) wind turbine gearboxes, and another one is to establish Joint Venture partnership for a wind turbine gearbox manufacturing plant in China. Prior to signing the contracts, the companies signed letters of intent a month ago.

Both the agreements are supporting China's initiative to increase wind energy output from one gigawatt in 2005 to 100 gigawatts by 2020, and are the basis for additional future investments by GE Drivetrain Technologies in its local supply chain.

GE Drivetrain Technologies is a unit of GE Transportation – part of General Electric Company, which is a global technology supplier to the railroad, marine, drilling, mining and wind industries.

Thursday, March 12, 2009

BVI registered OpenTV Corporation received proposal from Kudelski SA

BVI-registered OpenTV Corp., a leading software and technology provider of advanced digital television solutions, reported that on February 27, 2009 it received a non-binding proposal from Kudelski SA to acquire all of the Class A ordinary shares of OpenTV Corp., which are not currently owned by Kudelski or its affiliates. The company proposed purchase price of $1.35 per share in cash.

The Board of Directors of the BVI corporation will consider the proposal on the meeting. OpenTV indicated that it does not intend to comment further at this time.

OpenTV is one of the world's leading providers of advanced digital television solutions dedicated to creating and delivering compelling viewing experiences to consumers of digital content worldwide.

Friday, March 6, 2009

Canadian company acquires 60 per cent of BVI-controlled Sunland Properties

The Canadian company Carlyle Mining Corp has announced that it has received notice from the TSX Venture Stock Exchange saying that the trading halt that was placed on shares of the Company on July 11 2008 is lifted effective at the opening of the market on February 25, 2009. The Transaction was previously described in its news release dated December 23, 2008, announcing that it had entered into a share option agreement, to acquire 60% of the issued and outstanding shares of Sunland Properties Limited. Sunland, which is owned by a British Virgin Islands-registered Rowen Company Limited, and controls 520 square kilometres of prospective copper-gold properties situated in south eastern Queensland, Australia.

The properties consist of two exploration permits and one exploration permit application, acquired by Rugby Mining Pty Limited, – a wholly owned subsidiary of Sunland, - from Newcrest Operations Limited. Rugby made the EPA directly with the Queensland Government Department of Mines and Energy.

Pursuant to the Agreement, Carlyle will advance to the BVI-registered Rowen Australian $25,000 as a non-refundable deposit. In order to maintain its option, the Agreement provides that Carlyle will pay to Rowen (BVI) AU$200,000 in cash, which is payable on closing of the Transaction, or within 30 days of completion of any future capital raising financing by the Company.

After the closing of the transaction, Carlyle will be called Rugby Mining Limited, and will change its trading symbol to RUG. An aggregate 16,000,000 common shares will be issued and outstanding.

Friday, February 27, 2009

Joint-venture entity to be registered in BVI by China-based and Australian companies

Sino-Global Shipping America, Ltd., a non-state-owned provider of shipping agency services operating primarily in China, announced that it has signed a joint-venture agreement with Australian company Rocklands Richfield Limited (RCI). The agreement is to provide Sino-Global new opportunities to serve coal-carrying ships from Australia to China, and to allow Rockland Richfield to leverage Sino-Global's established non-state-owned shipping agency services network in China, to distribute goods domestically.

The proposed joint-venture company will be structured as a British Virgin Islands company, and each of the partner companies will own 50% of it. The BVI entity will serve as a shipping operator for cargo ships carrying imported goods to China. Both RCI and Sino-Global have agreed to contribute US$250,000 as needed to operate the company and support its business development activities.

The joint venture was funded by Sino-Global's internal cash position. The transaction has been approved by the board of directors of Sino-Global, and is expected to close in March 2009.

The main businesses of RCI are coal exploration in Queensland, Australia and coke processing in China. In China, RCI's fully controlled subsidiary Coke & Chemicals processes coking coal and other by-products, with total revenues of approximately AU$100 mln in year 2008. Sino-Global Shipping America, Ltd. was registered in the United States in 2001, and is operating primarily in Mainland China, having local branches in six of China's 76 ports, and contractual arrangements in all those where it does not have branch offices.

Monday, February 16, 2009

BVI-registered RAK Real Estate Ltd. to acquire Kuwait-based business

RAK Real Estate Ltd., a company registered in the British Virgin Islands and having office in Dubai, UAE, has announced that it has entered into a conditional agreement for the acquisition of the entire beneficial interest in RAFCO business, which is part of Rafco International Real Estate Company K.S.C.C., of Kuwait City, Kuwait. The total amount payable for this acquisition is US$927,129,210. This consideration will be satisfied by the issue of new shares at a price of US$5.00 each, and totaling amount of 185,425,842 shares.

In addition, a Kuwait based institution has conditionally agreed upon admission to acquire from the principal shareholder, Rafed A.M. Al Khorafi, a total amount of 18,357,158 shares representing approximately 9.9% of the Enlarged Share Capital, at a price per share of $5.00. Total amount of this transaction will to make $91,785,790.00.

Speaking on behalf of the board of directors, the chairman Ahmed Al Omani said that the proposed acquisition represents an important opportunity for the company to strengthen its growth prospects and accordingly enhance shareholder value.

The British Virgin Islands-based RAK Real Estate Ltd. floated on PLUS as an investing company in August 2008, and consists primarily of Kuwaiti shareholders.

Friday, February 6, 2009

Egyptian, BVI and UAE investors offer to buy Alexandria Medical Services

The Egyptian investor has made an offer to medical equipment firm Alexandria Medical Services with purpose to buy it for 102.9 mln Egyptian pounds, meaning that all the 1.4 million shares of the firm will be bought at a price of 73.5 pounds per share.

This is the highest bid for the company, earlier this month an Indian investor who runs healthcare business in the United Arab Emirates offered to buy Alexandria Medical Services for 100.8 mln pounds , or 72 pounds per share. Also, the previous offer of 100 percent takeover made by the British Virgin Islands-based company Short Hills Development was 65 pounds a share.

The current offer of the investor, who is the chairman of the board of Egyptian pesticide firm Agrochem, also based in Alexandria, brought the number of offers for the medical firm to three.

Wednesday, January 28, 2009

China Technology Announces Proposed Offering of US$20 Million Convertible Notes of Its Subsidiary

China Technology announces proposed offering of US$20 mln of its BVI subsidiary.

BVI-registered China Technology Development Group Corporation (CTDC), providing solar energy products and solutions in the Chinese market, announced that its wholly-owned subsidiary China Green Holdings Ltd. (BVI) entered into a memorandum of understanding with CMTF Asset Management Limited – a joint venture held by China Merchants Securities Investment Limited and Taifook Fund Managers Limited. By the terms of the document, CGHL intends to offer approximately an aggregate principal amount of US$20 mln convertible notes due 2013, in a private offering to CMTF Asset Management Limited and its affiliated sophisticated investors, with interest rate equal to HK Prime Rate per annum.

In certain circumstances, the notes will be convertible into the ordinary shares of CGHL, representing 15% of its share capital and voting right, or the common shares of CTDC with a conversion price at US$3.01 per share. CGHL expects to use net proceeds from the offering of the notes for expansion of its manufacturing operations, the solar power plant project, and as working capital.

Wednesday, January 21, 2009

China Natural Resources (BVI) signs agreement with Coal Mining Group

BVI-registered China Natural Resources has consummated the acquisition of all of the issued and outstanding capital stock of Newhold Investments Limited and its wholly-owned subsidiaries included in the Coal Group, upon the agreement signed with Feishang Group Limited.

Newhold Investments, through its 70% owned operating subsidiary, Guizhou Yongfu Mining Co., Ltd., owns mining rights to Yongsheng Coal Mine, located in Guizhou Province of China Republic. The 20-year mining right permit covering the mine was issued on November 8, 2007, and provides for an annual production capacity of 600,000 metric tons of coal. Construction of the mine, which is anticipated to take about 18 months, will be funded by a combination of bank loans and internal funds.

Mr. Feilie Li, CEO and Chairman of China Natural Resources, said in his comments that upon the completion of the acquisition of Newhold the BVI company intends to continue their coal resources acquisition strategy in Guizhou Province, as well as acquisition of other non-ferrous/iron metal assets.

Saturday, January 10, 2009

China XD Plastics to acquire the BVI corporation Favor Sea Limited

China XD Plastics Company Ltd. made an announcement that on December 24, 2008, it acquired all of the outstanding capital stock of the British Virgin Islands corporation Favor Sea Limited. As a result of this acquisition deal, the company will change its name to China XD Plastics Company.
By terms of the announced merger, total authorized shares of common stock of the company will be reduced.

BVI company Favor Sea Limited is a holding company whose only asset, held through a subsidiary, is 100% of the registered capital of Harbin Xinda Macromolecule Material Co., Ltd. - a limited liability company registered in China.

Through its wholly owned subsidiary Harbin Xinda Macromolecule Material Co., Ltd., China XD develops, manufactures, and distributes modified plastics, mainly for the use in automobiles. Xinda was founded in September 2004, and is headquartered in Harbin, Heilongjiang Province, in northeast China. Xinda's specialised plastics are used in the exterior and interior trim and in the functional components of more than 30 automobile brands manufactured in China including Audi, Red Flag, Volkswagen and Mazda. At the current moment, Xinda manufactures approximately 145 types of automobile-specific modified plastic products, 117 of which have been certified for use by one or more of the automobile manufacturers in China. China XD has approximately 39 million shares, trading on the OTC Bulletin Board under the ticker symbol “NBTE”.

Tuesday, January 6, 2009

Alyst Acquisition Corp. complies with NYSE requirements in terms of agreement with BVI company

A special purpose acquisition company Alyst Acquisition Corp. confirmed that the financial report of its independent registered public accounting firm, Marcus & Kliegman LLP, for the year ended June 30, 2008, contained a going concern qualification since Alyst's certificate of incorporation providing for its mandatory liquidation if it does not consummate a business combination prior to June 29, 2009. Alyst considers it usual and customary for SPACs to receive such qualification in an audit opinion received within 12 months of the proscribed mandatory liquidation date.

Alyst issued a press release in August, 2008, announcing that it signed an agreement and plan of merger to acquire full stock of the British Virgin Islands company China Networks Media Ltd., which owns and is acquiring broadcast television advertising rights in China. As part of the transaction, Alyst proposed to redomesticate to the BVI by means of merging with its wholly-owned subsidiary, China Networks International Holdings, Ltd., which is also a BVI company, immediately prior to consummating its transaction with China Networks.