In November 2009, the Financial Industry Regulatory Authority incorrectly determined that CNC Development did not comply with its reporting requirements, and initiated the change of symbols for BVI company’s securities. CNC Development, in its turn, demonstrated to the authority its full compliance with SEC filing requirements, and the trading symbols for its securities have been restored as follows: CDLVF for common shares, CDLKF for Class A Preferred shares, and CDLWF for warrants.

CNC also informed that it was never out of compliance with its reporting requirements because it had changed it status to become a foreign private issuer.

Generally, China Ceramics did not comply with the NYSE Amex’s standards from the very beginning, immediately after the business combination with Success Winner Limited which was completed in the end of November, when China Holdings Acquisition Corp., a special purpose acquisition company, merged into its wholly owned subsidiary and changed its name into China Ceramics Co., Ltd.

The BVI company has not yet determined whether to appeal the delisting of its securities. In case that China Ceramics is delisted from NYSE Amex, its securities are expected to be quoted on the OTCBB.

AIM stock exchange enforced the cancellation on 16 November 2009, under AIM rule which states a company can remain suspended on AIM for a period of six months. The BVI company was not able to relist within this period, because the time was needed to work over the settlements under the Deed of Company Arrangement (DOCA) and to complete the audit of financial statements. The terms of the Deed of Company Arrangement, which was approved by BVI company creditors on June 18, 2009, included Albidon’s largest shareholder Jinchuan Group Limited providing funds to the company sufficient to meet creditor claims.  

Albidon requested AIM to extend the 6 month period to have the time for completing requirements for relisting, but the extension was refused. The BVI company will not apply for relisting on the AIM in the near future because of the high costs and very low trading activity.

No major shareholders of Albidon Limited and less than 9% of all shareholders are listed on the AIM. AIM-listed shareholders will be assisted to transfer their holdings to the ASX. The BVI company will seek relisting on the Australian Stock Exchange early in 2010, upon the completion of the audit and other listing requirements.

The BVI company, which failed to meet initial listing requirements following the merger of Alyst Acquisition Corporation with China Networks Media, Ltd., is now in the process of augmenting its shareholder base and addressing other requests of the Exchange. China Networks expects its securities will become eligible for quotation in the Over-the-Counter market during the period of the appeal with the Exchange.

The Chairman and CEO of the BVI company, Jinxiang Lu, noted in his comments that, as the NASDAQ Global Select Market was created for companies that meet the most stringent requirements, this upgrade of A-Power Energy “reflects company’s continued growth and enhanced market value.” He also said they are pleased to have met the financial and liquidity requirements that enable shares to be traded along with NASDAQ’s top companies.

Common stock of A-Power was listed on the NASDAQ Capital Market prior to the upgrade.

The BVI company will have a share capital of 165,391,456 Ordinary Shares, with no nominal value yet assigned. It is anticipated that GBP4,673,158 mln will be raised on or immediately before the company will be admitted to the market, and that the company’s market capitalisation will be GBP6,6 mln.

Hecta Media’s general business model is targeted text link internet advertising, when contextually relevant text ads are placed on websites and turned into money using automated programs from Google, Yahoo and Microsoft. The company’s nominated adviser and broker is Beaumont Cornish.

The Company listing was effective from 24 July 2007, for the authorised share capital consisting of 4,999,900 shares of this BVI company. The shares are to be distributed to Qualified Investors by the appointed placement agent, Renaissance Capital Investment Management Limited, another company incorporated in the British Virgin Islands. The Common Shares listing of RenFin II was sponsored by Reid Management Limited.

The investment objective of the BVI company listed is to achieve medium term capital growth through Investments in Financial Institutions in the Russian Region, Central and Eastern Europe. These plans were defined by the Investment Manager as undertaking an initial offering, or undertaking mergers and acquisitions in the next 3-4 years.