BVI Company News

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.”

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 & Technology Industry Co. Ltd., which is the wholly-owned subsidiary of Time Infrastructure Holdings Limited. Time Infrastructure, listed on the main board of Hong Kong Stock Exchange, is China’s leading manufacturer of silicon solar cells in China.

Under the terms of the agreement, in the year 2011 Goldpoly is to provide BVI company’s subsidiary with 100 megawatt of high-quality polycrystalline solar cells.

Mr. Sean Liaw, Chief Operating Officer of CTDC, 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.”