Archive for the ‘Agreements and Contracts concluded’ Category

Luxoft entered into strategic partnership with Trend Micro Incorporated

Wednesday, April 10th, 2019

Trend Micro Incorporated, the global leader in cybersecurity solutions, announced a strategic partnership with Luxoft Holding, Inc., the global digital strategy and engineering company incorporated in the BVI. The companies will jointly introduce and deploy the Intrusion Detection System (IDS) and Intrusion Prevention System (IPS), a comprehensive cybersecurity solution aimed to detect, mitigate and respond to cyber-attacks on connected cars.

The upcoming IDPS solution developed specifically for cars, will be enhanced with machine learning techniques to identify anomalies in communication, behavior and the state of components. Key features of the solution are: securing vehicle-to-everything (V2X) communication, both physically and in remote mode; protecting cloud and mobility services, including over-the-air updates and asset management; establishing secure operation of car components; and providing sustainable cybersecurity protection level via continuous threat research and proactive control mechanisms.

Hutchison Ports signed Heads of Agreement with Malaysian company

Thursday, April 4th, 2019

Hutchison Port Holdings Limited, a private holding company registered in the British Virgin Islands and headquartered in Hong Kong, signed a Heads of Agreement with KA Petra Sdn Bhd, the company which a pioneer in the Ship-to-Ship transfer business in Malaysia. According to this agreement, the parties will become strategic partners to jointly develop the world’s largest Ship-to-Ship Transfer Hub in Malaysia – the flagship project of KA Petra.

According to the Heads of Agreement, the BVI holding takes 30% stake in KA Petra’s Ship-to-Ship Hub, while the Malaysian company will have 70% interest in the project. The construction of the Hub, which is to commence in the next 12 months and is estimated to cost US$150mln to US$180mln, will be funded both by internally integrated funds and debt financing.

During the signing ceremony Hutchison Ports was represented by Group Managing Director Mr. Eric Ip, and KA Petra was represented by its founder and Executive Chairman, Dato’ Shahrul Amirul. The ceremony was also formally witnessed by Prime Minister of Malaysia and Minister of Transport of Malaysia, with the presence of Minister of Economic Affairs and Minister of Domestic Trade and Consumer Affairs.

Mr. Eric Ip, Group Managing Director of Hutchison Ports said, “We are equally excited to be part of this significant project that will have such a positive impact on the marine sector in Malaysia, as well as in SE Asia. Given our global port network, we are confident of introducing the many benefits offered in this STS Hub to our global shipping lines customers. This would be one of our valued propositions as a strategic partner with KA Petra in undertaking the development of the world’s largest STS Hub in Malaysia.”

Taoping Inc. expands into Asian market

Saturday, December 15th, 2018

Taoping Inc., the leading provider of cloud-based ad terminals and services in the out-of-home advertising, based in the BVI and headquartered in China, announced that it has entered into strategic cooperation agreements with two companies: Asia Taoping Pte. Ltd. and Singapore Taoping Pte. Ltd. Both companies are the local partners of the BVI company.

According to the agreement, Asia Taoping will operate company sharing new media in South and Southeast Asia market, while Singapore Taoping will operate Taoping sharing new media in Singapore.

The Chairman and CEO of Taoping Inc., Mr. Jianghuai Lin commented on the new strategic agreements: “The expansion into the Asia market is another important move of our overseas development plan following TAOP’s successful landing in Toronto last month… The booming E-commerce market and increasing mobile app usage in Southeast Asia creates the conditions for the success of our ‘Smart IoT Terminal – Taoping Net/App – Taoping E-store’ lifestyle media ecosystem. We look forward to seeing more local businesses benefiting from our platform.”

Origin Agritech announced establishment of two new joint ventures

Saturday, October 13th, 2018

Origin Agritech Ltd., BVI-incorporated and China-based agriculture technology and rural e-commerce company, announced the establishment of two new joint ventures – Anhui Aoyu Zhongye Technology Ltd., of which Origin holds 50% of equity, and Xuzhou Aoyu Agricultural Technology Ltd., of which the company holds 51%. Five agricultural product distributors are investing partners in each of these joint ventures.

These two joint ventures, as well as the Hubei Aoyu Agricultural Technology Limited, became the cornerstone of the Origin e-Commune Network, based on the e-commerce technologies and BVI company’s strong brand equity across rural China.