Archive for the ‘BVI Company shareholder meeting’ Category

BVI-registered construction company’s shareholders approve change of its name

Friday, April 20th, 2018

BVI-registered construction and engineering company Khot Infrastructure Holdings, Ltd. announced the approval of all the agenda items and proposals put forward by the Board of Directors at the company’s annual general and special meeting of shareholders.

Among the approved resolutions there is the change of business from transportation infrastructure in Mongolia to developing proprietary indexes and data products for emerging blockchain and digital currency markets. Also, the shareholders approved the amendment to BVI company’s articles of incorporation to change the name to Blockchain Holdings Ltd.

Other items included setting the number of directors of the company, re-appointment of company’s auditors, new rolling 10% Stock Option Plan, and sale of Mongolian subsidiary Ashid Munkhiin Zam LLC.

Khot Infrastructure Holdings also announced that it has completed its non-brokered private placement of subscription receipts for gross proceeds of US$500,000 at a price of US$0.10 per Receipt. It has also reached the agreement with its lenders to repay CAD$628,304.68 in debt by the issuance of 6,283,047 common shares at a price of US$0.10 per share.

Shareholders of LJ International approved agreement with Cayman Islands company

Thursday, July 11th, 2013

LJ International Inc., the British Virgin Islands-registered company engaged in jewellery business, announced that as a result of an extraordinary general meeting of shareholders held on July 9, 2013, its shareholders approved and authorized previously announced agreement and plan of merger with Flora Bloom Holdings, a Cayman Islands exempted company with limited liability, and Flora Fragrance Holdings Limited, a business company with limited liability incorporated in the BVI, and a wholly-owned subsidiary of Flora Bloom Holdings. Pursuant to the merger agreement, dated March 2013, Flora Fragrance will be merged with and into LJ International, the last one surviving the merger as a wholly-owned subsidiary of the Cayman Islands company.

The merger is expected to be completed later this month, subject to the satisfaction and waiver of the conditions set in the Merger Agreement. Upon completion of the transaction, LJ International will become a privately-held company, its shares will no longer be listed on the NASDAQ.

Bonso Electronics announces annual shareholder meeting and Internet availability of proxy materials

Monday, November 12th, 2007

BVI-registered Bonso Electronics International Inc. has announced in the end of October that the Annual General Meeting of Shareholders for the fiscal year ended March 31, 2007, will be held on November 29, 2007. The record date for shareholders entitled to vote at the Annual General Meeting will be October 19, 2007.

BVI company will be following an approach similar to the U.S. Securities and Exchange Commission’s new rules, for making proxy materials available over the Internet. Bonso Electronics believes that this approach will allow it to reduce the number of printed copies of its proxy materials this year, by more than 90%, and at the same time lower the cost and reduce the environmental impact of producing and delivering these materials.

Anthony So, chairman of Bonso Electronics International, Inc., has said: “The Internet presents the fairest and most direct mechanism for the dissemination of all information — investor information is no different… Providing our proxy materials over the Internet, with printed materials on request only, increases the transparency of our business, reduces what we introduce into the waste stream, and simultaneously pares down the needless expense of paper filings. Everyone wins.”

Under this approach, Bonso Electronics will deliver a “Notice of Internet Availability of Proxy Materials”, instead of delivering a printed set of proxy materials to each shareholder. The BVI company will also provide Internet access to the proxy materials for stockholders, and provide a printed set of proxy materials by mail to any stockholder who requests them.

The annual report of Bonso has been already filed, and may be viewed on Bonso’s website. Shareholders may obtain free copies of company’s proxy materials by following the instructions provided in the “Notice of Internet Availability of Proxy Materials”.