Thursday, March 17, 2016

Mecox Lane announced shareholders’ meeting to discuss merger with BVI company

Chinese retailer Mecox Lane Limited announced an extraordinary general meeting of shareholders which will take place on April 12, 2016. The main purpose of the shareholders’ meeting is to vote on the proposal to approve the agreement and plan of merger with the British Virgin Islands-incorporated business company Minat Associated Co., Ltd., and Cayman Islands-incorporated exempted company ChinaEquity Alliance Victory Co., Ltd., wholly owned by the BVI company.

The agreement and the plan of merger were previously announced in the end of 2015. Under the terms of the Merger Agreement, ChinaEquity is to be merged with and into the Chinese company, which will become a wholly owned subsidiary of the BVI company. As a result, Mecox Lane will become a privately-held company and its ADSs will be delisted from the NASDAQ Global Select Market.

Saturday, March 5, 2016

Quattro Exploration signed agreement with BVI company’s subsidiary

Quattro Exploration and Production Ltd., focused on the competitive execution of the exploration and development of oil and natural gas reserves in Western Canada, purchased 100 per cent interest in the El Cedro License in Guatemala, from GFI Petroleum (Guatemala) Limited, a Guatemalan subsidiary of an oil and gas exploration and production company residing in the British Virgin Islands.

The price of CDN$5,470,000 is to be paid through the issuance of 50,000 non-voting Class C Preferred Shares at a price of US$100 per share, and the assumption of US$470,000 in liabilities. The acquisition transaction is planned to occur on or before May 1, 2016.