BVI-registered construction company’s shareholders approve change of its name

April 20th, 2018

BVI-registered construction and engineering company Khot Infrastructure Holdings, Ltd. announced the approval of all the agenda items and proposals put forward by the Board of Directors at the company’s annual general and special meeting of shareholders.

Among the approved resolutions there is the change of business from transportation infrastructure in Mongolia to developing proprietary indexes and data products for emerging blockchain and digital currency markets. Also, the shareholders approved the amendment to BVI company’s articles of incorporation to change the name to Blockchain Holdings Ltd.

Other items included setting the number of directors of the company, re-appointment of company’s auditors, new rolling 10% Stock Option Plan, and sale of Mongolian subsidiary Ashid Munkhiin Zam LLC.

Khot Infrastructure Holdings also announced that it has completed its non-brokered private placement of subscription receipts for gross proceeds of US$500,000 at a price of US$0.10 per Receipt. It has also reached the agreement with its lenders to repay CAD$628,304.68 in debt by the issuance of 6,283,047 common shares at a price of US$0.10 per share.

Talon Metals entered into Promissory Note with Resource Capital Fund

April 1st, 2018

Talon Metals Corp., a TSX-listed company incorporated in the British Virgin Islands, has entered into an unsecured non-convertible Promissory Note with Resource Capital Fund. The Promissory Note in the amount of USD$1,000,000 matures on November 25, 2018, and has an interest rate of 12% per annum. There are no other commissions or fees payable in connection with the issuance of the Promissory Note. The proceeds will be used for general working capital purposes. The TSX has accepted notice of the Promissory Note subject to certain standard conditions.

Pursuant to Multilateral Instrument 61-101- Take Over bids and Special Transactions, RCF is a related part of the BVI company, and Talon Metals is not required to obtain a formal valuation and to obtain minority shareholder approval in connection with the Promissory Note.

Origin Agritech announced new strategic directions

March 16th, 2018

BVI-registered agricultural biotechnology company Origin Agritech Ltd. announced the new strategic directions set by the newly appointed Chief Executive Officer Dr. Z. James Chen. Among the key strategic directions which were discussed there are e-commerce development for the vast farmland in China, foundation corn seed technology business development, and further development of biotech and genome editing seed technologies.

Dr. Gengchen Han, Chairman of Origin Agritech, commented on the new announcement: “We believe the new strategic directions set by the new management team represents the key technology and market advantages built over the last two decades and we trust we can build new businesses while waiting for the final commercialization approval of agribiotech technology in China… the new management team’s new strategic directions have full support from our board and we look forward to new Origin post commercial seed business divestiture”

BVI company received Cloud-based Ad Terminal Order for Guangxi Autonomous Region

March 9th, 2018

China Information Technology, Inc., the BVI-incorporated company providing internet-based ad distribution and ad display terminal sharing systems in China, entered into a contract for the sale of 1,500 cloud-based ad terminals to be installed in office buildings and residential communities in Yulin, which is one of the political and economic centers of Guangxi Autonomous Region.

The contract signed with Yulin Taoping IoT Technology Limited is expected to generate sales and service revenue to CNIT of about $0.5mln. This is the second contract of BVI company’s cloud-based terminal for Guangxi region, which followed the $1mln order received in November 2017, and the twenty-second contract on the sale of CNIT’s cloud-based ad terminals since May 2017. Each sale is expected to generate recurring service and commission revenue from customers’ use of Company’s Yunfa advertising distribution system and Taoping Net/App ad screen sharing platform.

BVI company’s CEO and Chairman Mr. Jianghuai Lin said in his comments: “With successful execution of our market strategy in the prior year, proven track record and the new addition of our Taoping new-media ecosystem, CNIT is currently experiencing accelerated market demands for our cloud-based ad terminals and solutions.”