Archive for the ‘Agreements and Contracts concluded’ Category

« Older Entries

Cayman subscription TV licence holder to transfer shares to BVI company

Monday, January 2nd, 2012

The competition may appear in the Cayman Islands’ subscription television market, due to partial share transfer involving majority ownership in a local company that holds an Information and Communications Technology Authority (ICTA) licence. On December 19, 2011, Infinity Broadband Ltd., that holds a current ICTA licence in the Cayman Islands, has requested the authority’s consent to transfer 51 per cent of its shares to the British Virgin Islands company Camber Holdings Ltd.

According to the records publicly available, the following services are included under the licence currently held by Infinity Broadband: Internet telephony, public service TV broadcasting, subscription TV broadcasting, and Internet. The olicence also authorises Infinity to operate ICT networks.

Licence holder Randy Merren declined to comment on this case, saying the proposed shares transfer was pending before the ICTA board. ICTA officials also declined to comment on the share transfer application.

Posted in Agreements and Contracts concluded, BVI Company Contracts, BVI IBC Business News | No Comments »

Nam Tai Electronics signs major customer contract

Monday, November 14th, 2011

Nam Tai Electronics, the British Virgin Islands-domiciled company working in the spheres of electronics manufacturing and design, has signed a major customer contract for LCD modules. This agreement had already been mentioned in the press release on BVI company’s financial results for the third quarter of 2011.

Under the terms of the newly signed contract, the company expects to receive firm orders under the contract soon which will support high-volume production starting at the end of December 2011, with shipments beginning in early January.

Discussions with the second major customer to produce LCD module subassemblies for smart phone applications at the company’s Shenzhen site are in progress. The parties currently plan high-volume production of the modules to begin about June 2011.

Posted in Agreements and Contracts concluded, BVI Company Contracts, BVI IBC Business News | No Comments »

China Technology enters into strategic development agreement

Friday, July 1st, 2011

China Technology Development Group Corporation, a British Virgin Islands company specializing on solar energy products and solutions and headquartered in Hong Kong, announced during the Intersolar Europe 2011 in Munich that CTDC has entered into a strategic cooperation framework agreement with two other listed companies from China and Hong Kong – TBEA SunOasis Co., Ltd. and Goldpoly New Energy Holdings Limited. TBEA SunOasis Co., Ltd. , which is a subsidiary of Tebian Electric Apparatus Stock Co., Ltd. a professional hi-tech enterprise engaged in the research and manufacture of photovoltaic products and system integration technology. Goldpoly New Energy Holdings Limited is one of the largest solar silicon cell producers in southern China.

The BVI company and two other companies have formally announced their newly-formed PV investment consortium, aiming to improve efficiency and bring comprehensive solutions to solar park construction in Europe. Their consortium has already attracted the attention of leaders from political and business circles.

Subject to the agreement, the three parties will cooperate in all dimensions within the vertically integrated solar value chain, using their own advantages so to increase market share. Basing on CTDC’s established sales channels in China, US and Europe, the parties to the investment consortium will be able to effectively speed up module sales, installations on integrated systems, solar plant development.

The consortium also plans to start with a project company to jointly invest in and construct small-size solar plant, among other things it will cooperate over CTDC’s initiatives. By words of Mr. Jianxin Zhang, CEO of TBEA SunOasis, the PV investment consortium has strong financial support from China Development Bank and China Billion credit facilities.

Posted in Agreements and Contracts concluded, BVI Company Contracts, BVI IBC Business News, Investors' News, NASDAQ listed BVI Companies | No Comments »

BVI-registered company wins Business Intelligence project for national bank in China

Monday, June 20th, 2011

Yucheng Technologies Limited, British Virgin Islands-registered company headquartered in China and providing IT and outsourced services to the Chinese banking industry, has won the right to provide Business Intelligence solutions for one of the major national policy banks. The company will build upon its existing portfolio of BI products to deploy an internal reporting system, which will allow business divisions to access its operation reports well-structured and in an efficient manner.

IT system upgrade and the reporting system deployment of the bank are just one of many components in its overall BI solutions having the purpose to transform itself to become more commercial and compete directly with the big four banks and other major joint stock banks in China.

CEO of the BVI company Mr. Weidong Hong said in his comments: “We are pleased that we have been able to deepen our relationship with this newly acquired customer from a year ago. We started the deployment of our proprietary CMIS system for the customer last year and have been in discussion on a number of other projects.” Mr. Hong continued that this win is “a demonstration of customer’s recognition of industry’s leading comprehensive portfolio of solutions, including the fast growing BI solutions.”

Posted in Agreements and Contracts concluded, BVI Company Contracts, BVI IBC Business News, NASDAQ listed BVI Companies | No Comments »

« Older Entries