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	<title>BVI Company News &#187; BVI Company Contracts</title>
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	<link>http://bvi-company-news.offshore-journals.com</link>
	<description>Financial results &#038; statistics, interesting projects, latest acquisitions and achievements made by BVI companies worldwide.</description>
	<lastBuildDate>Thu, 09 Feb 2012 09:55:34 +0000</lastBuildDate>
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		<title>Sable Mining announces expansion of its iron ore portfolio</title>
		<link>http://bvi-company-news.offshore-journals.com/sable-mining-announces-expansion-of-its-iron-ore-portfolio/744/</link>
		<comments>http://bvi-company-news.offshore-journals.com/sable-mining-announces-expansion-of-its-iron-ore-portfolio/744/#comments</comments>
		<pubDate>Thu, 09 Feb 2012 09:55:34 +0000</pubDate>
		<dc:creator>&#60;ADMINNICENAME&#62;</dc:creator>
				<category><![CDATA[BVI Company Contracts]]></category>
		<category><![CDATA[BVI IBC Business News]]></category>
		<category><![CDATA[Investors' News]]></category>

		<guid isPermaLink="false">http://bvi-company-news.offshore-journals.com/?p=744</guid>
		<description><![CDATA[Sable Mining Africa Limited, a British Virgin Islands-incorporated resource company focused on mining assets in sub-Saharan Africa, expanded its West African iron ore portfolio following the acquisition of a 123.5 square km exploration permit in the Mount Nimba area of south-east Guinea, through its 80% Guinea subsidiary West Africa Exploration SA. Within the permitted area, [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://finance.yahoo.com/q?s=SBLM.L&amp;ql=0">Sable Mining Africa Limited</a>, a <a title="BVI company: Offshore BVI companies and British Virgin Islands company (IBC) description" href="http://www.offshorebvi.com/bvi-offshore-companies.php">British Virgin Islands-incorporated</a> resource company focused on mining assets in sub-Saharan Africa, expanded its West African iron ore portfolio following the acquisition of a 123.5 square km exploration permit in the Mount Nimba area of south-east Guinea, through its 80% Guinea subsidiary West Africa Exploration SA.</p>
<p>Within the permitted area, which is highly prospective for iron ore, significant quantities of Canga-type iron ore conglomerate have been observed forming three main plateaux covering an approximate area of 35 square km. A reconnaissance drilling/pitting programme is planned to confirm the thickness of the iron mineralisation and grade at depth with completion prior to the onset of the wet-season in May. Access roads to the plateaux will be completed in February 2012.</p>
<p><a href="http://bvi-companies.blogspot.com/2010/12/sable-mining-africa-limited.html">Sable Mining</a> CEO Andrew Groves commented on this expansion: &#8220;this is a fantastic<br />
addition to our iron ore portfolio, with early indications from reconnaissance work already highlighting the project&#8217;s prospectivity. Taking into account its proximity to the Nimba project, the near surface nature of the ore body, the defined plateaux and the relative proximity to infrastructure, we believe this has the potential to add significant value to the Company going forward.”</p>
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		<title>Cayman subscription TV licence holder to transfer shares to BVI company</title>
		<link>http://bvi-company-news.offshore-journals.com/cayman-subscription-tv-licence-holder-to-transfer-shares-to-bvi-company/732/</link>
		<comments>http://bvi-company-news.offshore-journals.com/cayman-subscription-tv-licence-holder-to-transfer-shares-to-bvi-company/732/#comments</comments>
		<pubDate>Mon, 02 Jan 2012 14:55:51 +0000</pubDate>
		<dc:creator>&#60;ADMINNICENAME&#62;</dc:creator>
				<category><![CDATA[Agreements and Contracts concluded]]></category>
		<category><![CDATA[BVI Company Contracts]]></category>
		<category><![CDATA[BVI IBC Business News]]></category>

		<guid isPermaLink="false">http://bvi-company-news.offshore-journals.com/?p=732</guid>
		<description><![CDATA[The competition may appear in the Cayman Islands&#8217; 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 [...]]]></description>
			<content:encoded><![CDATA[<p>The competition may appear in the <a href="http://cayman-islands-financial-services.offshore-journals.com/">Cayman Islands&#8217;</a> subscription television market, due to partial share transfer involving majority ownership in a local company that holds an <a href="http://www.icta.ky/da_about.php">Information and Communications Technology Authority</a> (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 <a title="BVI company formation. Offshore BVI companies from incorporation services firm licensed in British Virgin Islands tax haven" href="http://www.offshorebvi.com/">British Virgin Islands company</a> Camber Holdings Ltd.</p>
<p>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.</p>
<p>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.</p>
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		<title>BVI-registered company signed high-speed rail ATP contract</title>
		<link>http://bvi-company-news.offshore-journals.com/bvi-registered-company-signed-high-speed-rail-atp-contract/728/</link>
		<comments>http://bvi-company-news.offshore-journals.com/bvi-registered-company-signed-high-speed-rail-atp-contract/728/#comments</comments>
		<pubDate>Wed, 21 Dec 2011 09:40:37 +0000</pubDate>
		<dc:creator>&#60;ADMINNICENAME&#62;</dc:creator>
				<category><![CDATA[BVI Company Contracts]]></category>
		<category><![CDATA[BVI IBC Business News]]></category>
		<category><![CDATA[NASDAQ listed BVI Companies]]></category>

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		<description><![CDATA[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, [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://bvi-companies.blogspot.com/2009/03/hls-systems-international-limited.html">Hollysys Automation Technologies, Ltd.</a>, 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.</p>
<p>CEO and Chairman of the <a title="BVI company: Offshore BVI companies and British Virgin Islands company (IBC) description" href="http://www.offshorebvi.com/bvi-offshore-companies.php">BVI company</a> said in his comments: &#8220;We are pleased of signing this 200-250km/h high-speed rail ATP contract for the works we&#8217;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.&#8221;</p>
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		<title>Nam Tai Electronics signs major customer contract</title>
		<link>http://bvi-company-news.offshore-journals.com/bvi-company-signs-major-customer-contract/718/</link>
		<comments>http://bvi-company-news.offshore-journals.com/bvi-company-signs-major-customer-contract/718/#comments</comments>
		<pubDate>Mon, 14 Nov 2011 10:58:52 +0000</pubDate>
		<dc:creator>&#60;ADMINNICENAME&#62;</dc:creator>
				<category><![CDATA[Agreements and Contracts concluded]]></category>
		<category><![CDATA[BVI Company Contracts]]></category>
		<category><![CDATA[BVI IBC Business News]]></category>

		<guid isPermaLink="false">http://bvi-company-news.offshore-journals.com/?p=718</guid>
		<description><![CDATA[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&#8217;s financial results for the third quarter of 2011. Under the terms of the newly signed contract, [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://bvi-companies.blogspot.com/2008/09/nam-tai-electronics-inc.html" target="_self">Nam Tai Electronics</a>, 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 <a href="http://bvi-company-financials.bviincorporation.com/417/nam-tai-electronics-announced-unaudited-financial-results-for-third-quarter-2011/" target="_self">BVI company&#8217;s financial results for the third quarter of 2011</a>.</p>
<p>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.</p>
<p>Discussions with the second major customer to produce LCD module subassemblies for smart phone applications at the company&#8217;s Shenzhen site are in progress. The parties currently plan high-volume production of the modules to begin about June 2011.</p>
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		<title>China Technology enters into strategic development agreement</title>
		<link>http://bvi-company-news.offshore-journals.com/china-technology-enters-into-strategic-development-agreement/677/</link>
		<comments>http://bvi-company-news.offshore-journals.com/china-technology-enters-into-strategic-development-agreement/677/#comments</comments>
		<pubDate>Fri, 01 Jul 2011 14:04:25 +0000</pubDate>
		<dc:creator>&#60;ADMINNICENAME&#62;</dc:creator>
				<category><![CDATA[Agreements and Contracts concluded]]></category>
		<category><![CDATA[BVI Company Contracts]]></category>
		<category><![CDATA[BVI IBC Business News]]></category>
		<category><![CDATA[Investors' News]]></category>
		<category><![CDATA[NASDAQ listed BVI Companies]]></category>

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		<description><![CDATA[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. [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://bvi-companies.blogspot.com/2008/01/china-technology-development-group.html" target="_self">China Technology Development Group Corporation</a>, a <a title="British Virgin Islands offshore IBC registration" href="http://www.britishvirginislands-ibc-registration.com/">British Virgin Islands company</a> specializing on solar energy products and solutions and headquartered in Hong Kong, announced during the Intersolar Europe 2011 in Munich that <a href="http://finance.yahoo.com/q?s=CTDC" target="_self">CTDC</a> 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 <a href="http://finance.yahoo.com/q?s=600089.SS" target="_self">Tebian Electric Apparatus Stock Co., Ltd.</a> a professional hi-tech enterprise engaged in the research and manufacture of photovoltaic products and system integration technology. <a href="http://finance.yahoo.com/q?s=0686.HK%2C+&amp;ql=0" target="_self">Goldpoly New Energy Holdings Limited</a> is one of the largest solar silicon cell producers in southern China.</p>
<p>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.</p>
<p>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&#8217;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.</p>
<p>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&#8217;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.</p>
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		<title>BVI-registered company wins Business Intelligence project for national bank in China</title>
		<link>http://bvi-company-news.offshore-journals.com/bvi-registered-company-wins-business-intelligence-project-for-national-bank-in-china/672/</link>
		<comments>http://bvi-company-news.offshore-journals.com/bvi-registered-company-wins-business-intelligence-project-for-national-bank-in-china/672/#comments</comments>
		<pubDate>Mon, 20 Jun 2011 08:20:05 +0000</pubDate>
		<dc:creator>&#60;ADMINNICENAME&#62;</dc:creator>
				<category><![CDATA[Agreements and Contracts concluded]]></category>
		<category><![CDATA[BVI Company Contracts]]></category>
		<category><![CDATA[BVI IBC Business News]]></category>
		<category><![CDATA[NASDAQ listed BVI Companies]]></category>

		<guid isPermaLink="false">http://bvi-company-news.offshore-journals.com/?p=672</guid>
		<description><![CDATA[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, [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://bvi-companies.blogspot.com/2008/01/yucheng-technologies-limited.html" target="_self">Yucheng Technologies Limited</a>, 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.</p>
<p>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.</p>
<p>CEO of the <a title="BVI company: Offshore BVI companies and British Virgin Islands company (IBC) description" href="http://www.offshorebvi.com/bvi-offshore-companies.php">BVI company</a> Mr. Weidong Hong said in his comments: &#8220;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.&#8221; Mr. Hong continued that this win is “a demonstration of customer&#8217;s recognition of industry&#8217;s leading comprehensive portfolio of solutions, including the fast growing BI solutions.”</p>
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		<title>BVI-registered EuroTex Finanz entered into agreement with North West Oil &amp; Gas Trading Company</title>
		<link>http://bvi-company-news.offshore-journals.com/bvi-registered-eurotex-finanz-entered-into-agreement-with-north-west-oil-gas-trading-company/645/</link>
		<comments>http://bvi-company-news.offshore-journals.com/bvi-registered-eurotex-finanz-entered-into-agreement-with-north-west-oil-gas-trading-company/645/#comments</comments>
		<pubDate>Wed, 02 Mar 2011 12:35:19 +0000</pubDate>
		<dc:creator>&#60;ADMINNICENAME&#62;</dc:creator>
				<category><![CDATA[Agreements and Contracts concluded]]></category>
		<category><![CDATA[BVI Company Contracts]]></category>
		<category><![CDATA[BVI IBC Business News]]></category>
		<category><![CDATA[Share Exchange agreements]]></category>

		<guid isPermaLink="false">http://bvi-company-news.offshore-journals.com/?p=645</guid>
		<description><![CDATA[EuroTex Finanz Inc., a British Virgin Islands-based company engaged in international financial services business, made an announcement that on February 19, 2011 it has entered into a share exchange agreement with North West Oil &#038; Gas Trading Company, Inc. NWOil is an emerging entity in the US-based oil and gas industry, its main businesses are [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://bvi-companies.blogspot.com/2011/02/eurotex-finanz-inc.html">EuroTex Finanz Inc.</a>, a British Virgin Islands-based company engaged in international financial services business, made an announcement that on February 19, 2011 it has entered into a share exchange agreement with <a href="http://finance.yahoo.com/q?s=ANN.DE%2C+&#038;ql=1">North West Oil &#038; Gas Trading Company, Inc.</a> NWOil is an emerging entity in the US-based oil and gas industry, its main businesses are reactivation of already existing oil and gas fields, expansion with modern production facilities and infrastructure. On February 21, 2011 the agreement was approved by the Board of Directors of both EuroTex Finanz Inc. and NWOil. </p>
<p>According to the agreement between North West Oil &#038; Gas Trading Company and EuroTex Finanz Inc., there will be an exchange of shares between the parties. The exchange rate will be 300,000 shares of NWOil stock in return for 600,000 shares of Eurotex Finanz Inc. BVI.</p>
<p>NWOil also passed a resolution to pay a dividend in the form of <a href="http://finance.yahoo.com/q?s=KFE.F">EuroTex Finanz, Inc.</a> shares to the individual NWOil registered stockholders, increasing EuroTex&#8217;s shareholder base. To qualify for this dividend, a stockholder must own a minimum of 100 shares of NWOil stock. </p>
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		<title>BVI-registered CTDC signed purchase agreement with Time Infrastructure Holdings Limited</title>
		<link>http://bvi-company-news.offshore-journals.com/bvi-registered-ctdc-signed-purchase-agreement-with-time-infrastructure-holdings-limited/630/</link>
		<comments>http://bvi-company-news.offshore-journals.com/bvi-registered-ctdc-signed-purchase-agreement-with-time-infrastructure-holdings-limited/630/#comments</comments>
		<pubDate>Tue, 25 Jan 2011 10:03:30 +0000</pubDate>
		<dc:creator>&#60;ADMINNICENAME&#62;</dc:creator>
				<category><![CDATA[Agreements and Contracts concluded]]></category>
		<category><![CDATA[BVI Company Contracts]]></category>
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		<category><![CDATA[NASDAQ listed BVI Companies]]></category>

		<guid isPermaLink="false">http://bvi-company-news.offshore-journals.com/?p=630</guid>
		<description><![CDATA[China Technology Development Group Corporation, the British Virgin Islands-registered group focused on providing solar energy products and solutions, announced that its wholly-owned subsidiary, China Merchants Zhangzhou Development Zone Trendar Solar Tech Ltd., has entered into a Purchase Agreement with the company Goldpoly Science &#38; Technology Industry Co. Ltd., which is the wholly-owned subsidiary of Time [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://bvi-companies.blogspot.com/2008/01/china-technology-development-group.html" target="_self">China Technology Development Group Corporation</a>, the <a title="British Virgin Islands offshore IBC registration" href="http://www.britishvirginislands-ibc-registration.com/">British Virgin Islands-registered</a> group focused on providing solar energy products and solutions, announced that its wholly-owned subsidiary, China Merchants Zhangzhou Development Zone Trendar Solar Tech Ltd., has entered into a Purchase Agreement with the company Goldpoly Science &amp; Technology Industry Co. Ltd., which is the wholly-owned subsidiary of <a href="http://finance.yahoo.com/q?s=0686.HK&amp;ql=0" target="_self">Time Infrastructure Holdings Limited</a>. Time Infrastructure, listed on the main board of Hong Kong Stock Exchange, is China&#8217;s leading manufacturer of silicon solar cells in China.</p>
<p>Under the terms of the agreement, in the year 2011 Goldpoly is to provide BVI company&#8217;s subsidiary with 100 megawatt of high-quality polycrystalline solar cells.</p>
<p>Mr. Sean Liaw, Chief Operating Officer of <a href="http://finance.yahoo.com/q?s=CTDC" target="_self">CTDC</a>, has commented on the deal saying that “This is the first purchase agreement we entered with the Goldpoly Group after signing our strategic cooperation agreement in November, 2010. We believe that the agreement will further ensure the supply of our raw materials and will strengthen our long-term relationship in the provision of solar cells. The high-quality solar cells with competitive price provided by Time Infrastructure enable us to ensure the high-quality of our PV module and reduce our production cost, which will in turn increase the profit margin.”</p>
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		<title>BVI-incorporated A-Power announced construction contract in Dalian, China</title>
		<link>http://bvi-company-news.offshore-journals.com/bvi-incorporated-a-power-announced-construction-contract-in-dalian-china/625/</link>
		<comments>http://bvi-company-news.offshore-journals.com/bvi-incorporated-a-power-announced-construction-contract-in-dalian-china/625/#comments</comments>
		<pubDate>Wed, 12 Jan 2011 11:15:11 +0000</pubDate>
		<dc:creator>&#60;ADMINNICENAME&#62;</dc:creator>
				<category><![CDATA[Agreements and Contracts concluded]]></category>
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		<description><![CDATA[A-Power Energy Generation Systems, Ltd., the company providing distributed power generation systems in China and manufacturing wind turbines, announced that it has signed a project construction contract with the Number 2 Engineering Construction Company of the Northeast Electric Power Administrative Bureau. The project is expected to be fully operational by September 30, 2011. The project [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://bvi-companies.blogspot.com/2008/02/power-energy-generation-systems-ltd.html" target="_self">A-Power Energy Generation Systems, Ltd.</a>, the company providing distributed power generation systems in China and manufacturing wind turbines, announced that it has signed a project construction contract with the Number 2 Engineering Construction Company of the Northeast Electric Power Administrative Bureau. The project is expected to be fully operational by September 30, 2011.</p>
<p>The project which is approximately US$ 36.5 million worth is for the construction of 2&#215;350 megawatt ultra supercritical power generation for heat and power cogeneration in the Dalian development zone of GD Power Development Co., Ltd. <a href="http://bvi-company-news.offshore-journals.com/a-power-energy-wins-two-contracts/585/" target="_self">A-Power Energy</a> will take responsibility for construction and installation of the number 1 boiler, the number 1 generator set, ash removal system, electrical system, and affiliated equipment, plus some fuel supply system construction.</p>
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		<title>RCG Holdings signs subscription agreement with BVI corporation</title>
		<link>http://bvi-company-news.offshore-journals.com/rcg-holdings-signs-subscription-agreement-with-bvi-corporation/620/</link>
		<comments>http://bvi-company-news.offshore-journals.com/rcg-holdings-signs-subscription-agreement-with-bvi-corporation/620/#comments</comments>
		<pubDate>Wed, 05 Jan 2011 11:20:32 +0000</pubDate>
		<dc:creator>&#60;ADMINNICENAME&#62;</dc:creator>
				<category><![CDATA[Agreements and Contracts concluded]]></category>
		<category><![CDATA[BVI Company Contracts]]></category>
		<category><![CDATA[BVI IBC Business News]]></category>
		<category><![CDATA[Fund raising]]></category>

		<guid isPermaLink="false">http://bvi-company-news.offshore-journals.com/?p=620</guid>
		<description><![CDATA[RCG Holdings Limited, an international provider of biometric and RFID products and solution services primarily focused on the Asia Pacific region market, has entered into a subscription agreement with the British Virgin Islands-incorporated company Kelton Capital Group Limited, the main business activity of which is investment in public companies. Under the terms of this agreement, RCG [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://finance.yahoo.com/q?s=RCG.L&amp;ql=0" target="_self">RCG Holdings Limited</a>, an international provider of biometric and RFID products and solution services primarily focused on the Asia Pacific region market, has entered into a subscription agreement with the <a href="http://www.offshoreincorporation.net/Offshore.News/British.Virgin.Islands.2006/" target="_self">British Virgin Islands-incorporated</a> company Kelton Capital Group Limited, the main business activity of which is investment in public companies.</p>
<p>Under the terms of this agreement, RCG Holdings Limited agreed to allot and issue to Kelton, and Kelton has agreed to subscribe for an aggregate of 6,450,000 new ordinary shares of HK$0.01 each in RCG at HK$3.10 per share, raising HK$19.995million before expenses. Upon issue and admission of the subscription shares, the enlarged issued share capital of RCG will be 307,923,555 shares. The subscription shares represent approximately 2.14% of the existing issued share capital of RCG Holdings and approximately 2.09% of the issued share capital of the company.</p>
<p>RCG Holdings plans to use the net proceeds of the subscription to fund its research and development activities.</p>
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