The sub-Saharan African financial services group, incorporated in the British Virgin Islands, Atlas Mara Limited, announced that it has sold its 10.1 percent stake in Brainworks Capital Management (Private) Limited, the Zimbabwe-focused private equity and advisory firm, for US$8.72mln.
ADC Financial Services & Corporate Development, which is an indirectly wholly-owned subsidiary of the BVI company, has agreed to sell its Brainworks stake for approximately US$3.1 million in cash and 665,195 Atlas Mara ordinary shares. The transaction is to be completed by 30 June 2015, subject to certain conditions.
Wednesday, June 24, 2015
Monday, June 15, 2015
BVI company to acquire shares of JA Solar Holdings
The board of directors of JA Solar Holdings Co., Ltd. has received a preliminary non-binding proposal letter from its CEO and Chairman Mr. Baofang Jin and British Virgin Islands-registered company Jinglong Group Co., Ltd., of which Mr. Baofang Jin is the only director. JA Solar’s CEO and BVI company offered to acquire all of its outstanding shares, which are not already owned by them, in a “going private” transaction for US$9.69 per ADS, or US$1.938 per ordinary share in cash, subject to certain conditions.
JA Solar Holdings Co., Ltd., one of the world’s largest manufacturers of high-performance solar power products, is headquartered in Shanghai, China. The company distributes products under its own brand and on behalf of its clients.
JA Solar Holdings Co., Ltd., one of the world’s largest manufacturers of high-performance solar power products, is headquartered in Shanghai, China. The company distributes products under its own brand and on behalf of its clients.
Saturday, June 6, 2015
Playtech announced acquisition of Plus500 trading company
Playtech, the online gaming company which is now building its presence in the financial trading market, will purchase retail forex trading shop Plus500, for the price of approximately £459.6mln ($700mln).
The 400p per share takeover of the troubled company will allow Playtech to expand its online trading platform, after entering the industry by the acquisition of a majority stake in Trade FX. It is expected to be completed by the end of September, and may be followed by another acquisition: Playtech is said to be in talks to purchase currency trading platform AvaTrade.
Plus 500 is currently under pressure from money laundering rules, its market capitalization has become half less since May 18 when it announced freezing of some clients’ accounts while it conducted more rigorous checks. The company is headquartered in London but operating mostly in Israel; also, it is sponsoring Spanish soccer team Atletico Madrid.
The 400p per share takeover of the troubled company will allow Playtech to expand its online trading platform, after entering the industry by the acquisition of a majority stake in Trade FX. It is expected to be completed by the end of September, and may be followed by another acquisition: Playtech is said to be in talks to purchase currency trading platform AvaTrade.
Plus 500 is currently under pressure from money laundering rules, its market capitalization has become half less since May 18 when it announced freezing of some clients’ accounts while it conducted more rigorous checks. The company is headquartered in London but operating mostly in Israel; also, it is sponsoring Spanish soccer team Atletico Madrid.
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