China-based auto parts manufacturer purchases majority stake in the BVI company

Wonder Auto Technology Inc, an auto parts maker based in China, has received greater access into auto safety and electronic systems market after having purchased a majority stake in the British Virgin Islands-registered Applaud Group Limited, which owns 52.2 per cent of a hi-tech auto parts supplier Jinsheng Automotive Safety Technology Holdings Ltd.

The acquisition was made through two deals. The first deal was when Wonder Auto's wholly-owned subsidiary, Wonder BVI, entered into an equity transfer deal with another British Virgin Islands-registered corporation Novophalt (China) Limited. Under the deal, Wonder BVI will purchase its 20.95 per cent ownership of Applaud Group Limited.

The second deal was closing of a similar acquisition deal by other wholly-owned subsidiary of Wonder Auto's, Yearcity Limited, with a British Virgin Islands corporation Wonder Employee Capital Limited (WECL). By terms of this deal, Yearcity will purchase its 17.46 per cent ownership of Applaud from WECL.

As a result of these deals, Wonder Auto bought 38.36 per cent of Applaud and thereby became the owner of 20.02 per cent of Jinsheng. The acquisition is strategically significant, as the deal will help Wonder Auto and Jinsheng to fully use their customer bases, expanding cross-selling, upgrading Research and Development sector, sharing technologies and increasing value-added services of existing products.

Wonder Auto is China's leading company in the field of the design, development, manufacturing and sale of auto electrical parts, its products being concentrated toward components for autos with engine capacity below 1.6L. It has experienced rapid growth in the last years, along with the expansion of this market segment and the worldwide trend towards environment-friendly low emission vehicles.

Sino-Forest Corporation to acquire BVI-registered Homix Limited

Sino-Forest Corporation, a leading commercial forest plantation operator in China, announced that one of its wholly owned subsidiaries acquired Homix Limited (BVI), a company engaged in research, development and manufacturing of engineered-wood products in China, for an aggregate amount of US$7.1 million. The acquisition transaction included company's facilities in mainland China and its patents.

Homix Limited is a sole proprietorship company incorporated under the law of the British Virgin Islands. Also, the BVI company has an R&D laboratory and two engineered-wood manufacturing enterprises based in Guangzhou and Jiangsu Provinces, covering eastern and southern China wood product markets. Homix specializes in curing, drying and dyeing methods for engineered wood, and has the know-how to produce recomposed wood products. The company has developed a number of new technologies with patent rights.
By words of Sino-Forest's Chairman and CEO Mr. Allen Chan, by acquiring Homix, which has “significant technological capabilities in engineered-wood processing”, they intend to use six-year eucalyptus fibre instead of 30-year tree fibre from other species, to produce quality lumber using recomposed technology, and by this to preserve natural forests and improve the demand for and pricing of planted eucalyptus trees.

Gateway Certifications announced merger with BVI-based fuel company

Gateway Certifications, Inc. announced that in November 2009 it acquired Jianye Greentech Holdings Ltd., a privately held corporation registered in the British Virgin Islands. The transaction was signed in accordance with an Agreement and Plan of Share Exchange.

JGH is a holding company whose principal operating companies are involved in developing, manufacturing and distribution of alcohol-based automobile fuel products in China. BVI company's products are designed to function as a lower-cost alternative to conventional gasoline-based auto fuel.

Pursuant to the terms of the agreement, Gateway acquired BVI company in exchange for an aggregate amount of 3,548,796 newly issued shares of its common stock. Also, according to this agreement, the company approved an amendment to the company's Articles of Incorporation, having changed the name of the Registrant to American Jianye Greentech Holdings Ltd.

Additionally, Gateway Certifications approved a forward-split of its common stock on the basis of 7.89 for 1, and is applying for the split to take effect in the market, at which time 31,393,765 shares of common stock will be issued and outstanding. Upon the filing of a Definitive Information Statement and effectiveness of the name change, Gateway Certifications intends to apply to change its OCBB stock symbol.

Link Resources, Inc. acquires BVI-registered parent company of Bohai Pharmaceuticals

Nevada-based company Link Resources, Inc. completed share exchange transaction and US$12 million private placement pursuant to which it acquired the parent company of Yantai Bohai Pharmaceuticals Group Co., Ltd. Under the terms of the share exchange transaction, the shareholders of Chance High International Limited, Bohai's indirect parent company registered in the British Virgin Islands, exchanged all of their BVI company's equity for 13,162,500 shares of Link Resources, representing approximately 81% of its outstanding shares. Now Chance High is a directly held, wholly-owned subsidiary of Link.

In the private placement Link issued 6,000,000 units at a price of $2 per unit, resulting in gross proceeds of $12,000,000. Net proceeds to Link made approximately $9,700,000. Each unit consists of $2 principal amount, two year convertible note and a three year warrant to purchase one share of Link common stock at $2.40 per share.

Assuming full conversion of the notes and exercise of the warrants, offering investors would own approximately 26.9% of the outstanding shares of Link and the former shareholders of BVI-registered Chance High, would own approximately 59.2% of the outstanding shares of the US company. Another British Virgin Islands-registered company, Glory Period Limited, which is a shareholder of Chance High, would become the owner of approximately 40% the outstanding shares of Link assuming full conversion of the notes and exercise of the warrants.

Yantai Bohai Pharmaceuticals is located in Shandong Province, China, and engaged in the production, manufacturing and distribution of traditional Chinese herbal medicines.

US exploration company acquires BVI-registered APM Mining Ltd.

The US-based mineral exploration and development company Gentor Resources, Inc. announced that a letter of intent has been signed by Gentor and Arabian Peninsula Projects Ltd., African Precious Minerals Ltd. and Tembo Capital LLP, relating to the acquisition by the US company of all of the issued and outstanding equity securities of British Virgin Islands-registered APM Mining Limited. By terms of this transaction, 13.063 million of Gentor's previously authorized and unissued common shares will be exchanged for ownership of 100% of the BVI company.

Upon the conclusion of the transaction, Gentor will receive secured earn-in rights in two exploration blocks in the Sultanate of Oman, totalling 1,266 square kilometers. The US company is planning to increase its exploration holdings in the region in order to become a leading exploration company focused on this region.

BVI-registered APM Mining Limited is a mineral exploration company having the earn-in rights to specific exploration ground holdings in Oman, comprising strategic sites identified as having significant potential for copper mineralization.

It is anticipated that Gentor will execute a definitive agreement and conclude the closing of the acquisition transaction within the next few weeks.

Gurit makes acquisition deal with the BVI company

Gurit Holding, an international company which takes leading positions in the development and manufacturing of advanced composite materials and solutions in the markets of Wind Energy, Transportation and Marine areas, has signed an agreement with Windy Shore Holdings Limited, which is registered in the British Virgin Islands. By terms of the agreement the Swiss company will acquire Suzhou Red Maple Wind Blade Mould Co. Ltd., Taicang, Jiangsu/China, by taking over its parent company Cheer Tech Investment Limited, based in Hong Kong, from the BVI company owning it.

The acquisition will allow Gurit to substantially increase its strategic technology and product offering in the rapidly growing Wind Energy market, especially in Asia and China. By signing the agreement with Windy Shore Holdings to acquire Suzhou Red Maple, Gurit acquires the market leading Chinese producer of wind turbine blade moulds thus expanding its offering especially in the infusion technology segment of the Wind Energy Market. Suzhou Red Maple is located in Taicang, Jiangsu/PRC, having generated annual sales volume of around CHF 30 million in 2009.

The price of the acquisition deal will consist of an initial payment and performance based installments over the next three years, and will make about CHF 40 million. The acquisition transaction is expected to be closed before the end of 2009. With this acquisition, China becomes largest production base of Gurit.

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.

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.

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.

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.

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.

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.

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.

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.