Archive for the ‘BVI Company Mergers & Acquisitions’ Category

Aura Minerals announced innovative 360° Mining Concept

Saturday, December 8th, 2018

Aura Minerals Inc., gold and copper production company working on gold and base metal projects in North and South America, and domiciled in the British Virgin Islands, announced its 360° Mining Concept which includes new mission, vision and values statement of the company. There will also be a new logo which will reflect the 360° Mining Concept; also, the company is working to update the website.

Company’s President & CEO commented, “We have been working hard on our strategy and our corporate culture to position Aura for operational excellence and growth and through this process we have developed a new mission statement and a concept of 360° Mining, which includes our vision and values.”

By words of company president, Aura’s vision is ‘mining in complete terms’ – thinking holistically about how the business impacts and benefits the company, shareholders, employees, and the countries and communities the company is working for. This is called 360° Mining, and it also means a constant state of evolution, always looking for ways to get better.

Also, on November 29, 2018 Aura received the Canada mid-size M&A deal of the year award at the 10th Annual Americas M&A Atlas Awards, for the merger with Rio Novo. In connection with this transaction, BVI company’s president together with Board Member Stephen Keith and Vice President Ryan Goodman received the corporate deal maker of the year in the Americas.

HK skyscraper sold to BVI company in US$5.2mln deal

Tuesday, November 7th, 2017

Hong Kong tycoon’s company Li Ka-shing’s CK Asset Holdings has sold its stake in The Center, the fifth-tallest skyscraper in Hong Kong, for the amount of US$5.2 billion. Thus, the 73-story building was purchased for the record sum for a commercial property in HK. CK Asset Holdings said it expects to make a profit of US$1.9 billion (HK$40.2 billion).

The purchaser is C.H.M.T. Peaceful Development Asia Property Limited, an investment vehicle incorporated in the British Virgin Islands specially for this purpose. According to the market sources, the company’s largest shareholder is Beijing-based China Energy Reserve and Chemicals Group. Also, it is supposed that the purchaser will put on sale on the market each floor of the office tower after the purchase. The developer said the gain on disposal would be about HK$14.5 billion, adding that the proceeds of the disposal will be used for general working capital purposes of the group.

Anakando Media Group buys stake in MondoTunes

Sunday, July 12th, 2015

BVI-registered digital media company Anakando Media Group has purchased a large stake in MondoTunes, the world’s largest digital music distributor working with independent artists and providing access to more than 600 stores around the world including iTunes, Amazon, Spotify. Anakando will make use of technology and expertise developed by MondoTunes to launch MondoVideo. Also, MondoTunes platform will distribute original programming created by Anakando’s FilmOn Originals, ETV.com and Hologram USA, and the largest privately held film library in the world.

Alki David, CEO of Anakando Media Group, said in his comments to the merger deal: “With MondoTunes we really are democratizing the world of music—giving tools to artists that let them operate at the same level as an artist with a major label … And the platform will work together with our other divisions—FilmOn, Hologram USA and Class 15—to expand the reach even further.”

The MondoTunes platform will be relaunched with a new user experience and an innovative subscription model. By words of Javan Mershad, Co-CEO of MondoTunes, the transaction makes the company “the most dominant global source for independent artists worldwide.”

BVI-based stakeholder buys Fortune Oil

Friday, December 26th, 2014

Oil investment company Fortune Oil announced that its majority stake owner, a consortium known as Fortune Dynasty and incorporated in the British Virgin Islands, is going to buy the rest of the company. BVI company is already the owner of 57% of Fortune Oil, and the other 43% will be purchased by Fortune Dynasty via a court-sanctioned scheme of arrangement, for the amount of up £388 million.
The terms of the deal are considered to be fair and reasonable by the independent Fortune Oil directors, advised by VSA Capital.

Fortune Dynasty is a limited liability company owned by First Level – a company 55% owned by Fortune Oil directors, and 45% owned by Vitol Bermuda.