Archive for the ‘BVI Company Contracts’ Category

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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.

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BVI-registered company signed high-speed rail ATP contract

Wednesday, December 21st, 2011

Hollysys Automation Technologies, Ltd., the leading provider of automation and control technologies and applications in China, registered in the British Virgin Islands, announced that it has signed a contract of approximately US$4.2 million for supplying of 200-250km/h high-speed rail ATP equipment to Ministry of Railways of China, which will be finished delivering by December 31, 2011.

CEO and Chairman of the BVI company said in his comments: “We are pleased of signing this 200-250km/h high-speed rail ATP contract for the works we’ve already completed largely. With approximately 17,000 km of high-speed rail tracks currently in construction in China , we are still seeing a huge market potential in high-speed rail signaling market for leading players like Hollysys to realize and capture. Given the whole product suite of our proprietary high-speed rail signaling systems completed and received European Safety Standard certification, Hollysys is poised to explore the vast international railway market to further create value for our shareholders.”

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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.

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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.

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