Premier African Minerals announced Loan Conversion

December 30th, 2017

British Virgin Islands-based company Premier African Minerals Limited announced that its chairman and CEO George Roach has elected to convert US$100,000 of the US$300,000 loan which was provided by him to the company on 15 September 2015. This is an unsecured loan which accrued interest of US$315,096 at 6 December 2017.

This loan can be converted at any time into new ordinary shares at a price of 0.5p per new share. Premier African Minerals has therefore issued 14,964,020 new ordinary shares to George Roach; the conversion shares will rank pari passu with the existing ordinary shares. Application will be made for admission to trading on AIM. George Roach will be interested directly and indirectly in aggregate in 476,751,154 ordinary shares which represent 7.25% of the enlarged issued share capital of the Company.

BVI company to demonstrate Driving Automotive Innovation at CES 2018

December 23rd, 2017

Luxoft, the global IT service provider of innovative technology solutions, announced that it will show its latest digital innovation at CES 2018 which will take place in Las Vegas, U.S., on January 9 – 12, 2018. The BVI corporation will showcase Autonomous Driving and Connected Mobility services.

Each of Luxoft’s demonstrations will show the latest technology solutions driving innovation at world leading OEMs in the automotive sector – including next generation pixel-to-silicon hardware and software solutions, Human Machine Interface (HMI) systems and connected car services designed and engineered by Luxoft.

China Information Technology receives Best Business Model Innovation Award

November 24th, 2017

BVI-registered company China Information Technology, Inc. has received the Best Business Model Innovation Award from the committee of the 9th China (International) Commercial Display System Industry Leaders Summit. The Summit was held in Shenzhen ad co-hosted by China Commercial Display System Industry Alliance and Shenzhen Commercial Display System Industry Promotion Association. It provided platform for representatives of industry, media, companies, academies and investment institutions to discuss current challenges and opportunities in the commercial display industry.

The innovated sharing model of Taoping Alliance, which is a new media operating organization founded by CNIT and Shenzhen Taoping New-Media Technology Limited, received the Best Business Model Innovation Award in the competition of Chinese commercial display brand value and innovative application.

HK skyscraper sold to BVI company in US$5.2mln deal

November 7th, 2017

Hong Kong tycoon’s company Li Ka-shing’s CK Asset Holdings has sold its stake in The Center, the fifth-tallest skyscraper in Hong Kong, for the amount of US$5.2 billion. Thus, the 73-story building was purchased for the record sum for a commercial property in HK. CK Asset Holdings said it expects to make a profit of US$1.9 billion (HK$40.2 billion).

The purchaser is C.H.M.T. Peaceful Development Asia Property Limited, an investment vehicle incorporated in the British Virgin Islands specially for this purpose. According to the market sources, the company’s largest shareholder is Beijing-based China Energy Reserve and Chemicals Group. Also, it is supposed that the purchaser will put on sale on the market each floor of the office tower after the purchase. The developer said the gain on disposal would be about HK$14.5 billion, adding that the proceeds of the disposal will be used for general working capital purposes of the group.