Archive for the ‘BVI Company Insiders transactions’ Category

Chairman of Qiao Xing Universal plans to purchase company’s shares US$10 mln worth

Thursday, November 6th, 2008

The BVI registered company Qiao Xing Universal Telephone reported about the plans of its Chairman and CEO, Mr. Wu Rui Lin, to purchase up to US$10 million worth of shares of Qiao Xing Universal Telephone, Inc. The purchases will be made from time to time, on the open market through Nasdaq Stock Market at prevailing market prices or in negotiated transactions off the market. The timing and extent of any purchases will depend upon market conditions, trading price of BVI company’s shares, and other factors.

Mr. Wu Rui Lin commented that his planning of purchasing shares in Xing, as well as the recently announced re-purchase program by company’s subsidiary Qiao Xing Mobile, demonstrates the strong confidence of companies’ management.

BVI company’s CEO also said that the temporary sales decrease in Qiao Xing was primarily due to the heavy earthquake that happened in Sichuan, China, and the performance of the company would be better after some adjustments will be made to its business strategy. He said that, from the company level, more measures will be considered to increase its value.

UTi Worldwide Director acquires company’s stock

Friday, October 5th, 2007

The director of UTi Worldwide Inc., freight logistics provider registered in the British Virgin Islands, has bought 15,000 shares of common stock. The information about this was provided last week by a Securities and Exchange Commission.

The director of BVI registered UTi Worldwide Allan M. Rosenzweig reported in a Form 4 filed with the SEC that he bought the shares for $22.49 to $22.50 a piece.

Form 4s is filed with the SEC by companies’ insiders to report transactions in their companies’ shares. Open market purchases and sales should be reported within two business days of the transaction.