Archive for the ‘BVI Company Formation’ Category

Newly organized BVI company announced US$50 million public offering

Monday, June 19th, 2017

Bison Capital Acquisition (BCACU), a newly organized blank check company registered in the British Virgin Islands and headquartered in China, announced its plans to raise US$50 million in an initial public offering (IPO) on the week starting with June 19th. Bison Capital will issue 5,000,000 shares at the price of US$10.00 per share. Market capitalization of the company is US$53.8 million.

Bison Capital Acquisition was incorporated in the BVI as a business company with limited liability, and has the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, or engaging in other similar business combinations with one or more businesses. The company is planning to focus on businesses operating in Asia and North America, however it is not limited to particular industry or area. It was established in 2017 and has 3 employees.

Two British Virgin Islands-registered subsidiaries launched by TurkPower Corporation

Tuesday, January 31st, 2012

TurkPower Corporation, an American junior mining company holding interests in coal fields in Russia and iron ore mines in Turkey, has announced the launch of two new subsidiaries in the BVI, named Sibcoal Mining Corporation (SMC) and Sibcoal Commodities Trading Corporation (SCT).

SMC will hold the company’s mining licenses in Russia’s Novosibirsk Region, where mining operations are to be commenced in the second quarter of 2012. The second British Virgin Islands company, SCT, is the commodities trading division of TurkPower Corporation, and will have offices in Russia, Spain, Switzerland and the British Virgin Islands.

TurkeyPower Corporation expects to sell and ship its inventory of coking coal worth in excess of $20 million through its subsidiary SCT in the first quarter of 2012. Also, a substantial long-term coal off-take agreement is scheduled to take place in the first quarter of 2012.

CapitaMalls Asia Limited establishes BVI-registered subsidiary

Monday, May 3rd, 2010

On April 26, CapitaMalls Asia Limited (CMA), a Singapore-based company operating as a shopping mall owner, developer and manager in Asia, announced the establishment of the wholly-owned subsidiary incorporated in the British Virgin Islands. The new BVI subsidiary is named Esposito Investments Limited, its principal activity will be investment holding. Issued and Paid-up share capital of Esposito Investments Limited is $1 comprising 1 share with a par value of US$1.

It was announced by CMA that this transaction is not expected to have any material impact on the consolidated assets and earnings per share for the financial year ending 31 December 2010.

As of June 30, 2009, CapitaMalls Asia Limited owned a portfolio of 86 retail properties located in 48 cities in five Asian countries – Singapore, China, India, Japan and Malaysia. The company was incorporated in 2004 as CapitaLand Retail Limited and changed its name to CapitaMalls Asia Limited on October 30, 2009.

Asian company establishes subsidiary in BVI

Saturday, October 17th, 2009

CapitaLand Limited, a company headquartered and listed in Singapore, has established an indirect wholly owned subsidiary in the British Virgin Islands.  On October 16 the company made an announcement on the incorporation of Wealthy Victory Investments Ltd. in BVI.  Principal activity of the BVI subsidiary is investment holding. 
The issued and paid-up share capital of the company is US$1, comprising one share.  The company informed that announced transaction is not expected to have any material impact on the profit of the CapitaLand Group for the financial year ending 31 December 2009. Also, the company informed that none of the directors or the controlling shareholder of CapitaLand has any interest, direct or indirect, in the transaction.

CapitaLand is one of Asia’s largest real estate companies, its businesses concentrated in the cities in Europe, Asia Pacific and the countries of Gulf Cooperation Council (GCC). The company is involved in developing real estate financial products and services in Singapore and the region.