Archive for the ‘BVI IBC Business News’ Category

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A-Power’s subsidiary entered into strategic partnership with Baoding Huide

Wednesday, August 11th, 2010

BVI-registered A-Power Energy Generation Systems, Ltd. announced that its subsidiary, Shenyang (Ruixiang) Lucky Wind Power Equipments Co., Ltd., had entered into a strategic partnership with Baoding Huide Wind Power Engineering Co. Ltd. , an affiliate of China Aviation Industry Corporation. 

Baoding Huide is a renewable energy company headquartered in Baoding National High-tech Zone in Hebei province.

According to company’s press-release, the partnership of A-Power’s subsidiary and Baoding Huide will align A-Power’s brands, marketing initiatives and developing presence in the U.S. with the production and technology of Baoding Huide’s assets. Close co-operation is expected also in the sphere of research and development, joint ventures, resource sharing and new business opportunities.

Mr. Jinxiang Lu, Chairman and Chief Executive Officer of the BVI company, said in his comments that this partnership will enhance A-Power’s wind business with Baoding Huide’s assembling facility of wind turbine equipment. Mr. Bin Wang, Chairman of Baoding Huide, said that the partnership will bring good opportunities for both companies.

Posted in Agreements and Contracts concluded, BVI Company Contracts, BVI IBC Business News, NASDAQ listed BVI Companies | No Comments »

Pansoft signed agreement with Jinan Housing Industrialization Development Center

Tuesday, August 3rd, 2010

Pansoft Company Limited,  BVI-registered ERP software service provider for the Chinese oil and gas industry, signed an agreement with Jinan City Housing Industrialization Development Center – a  state-controlled business under the Urban Construction Committee of the Jinan Municipal Government. According to the agreement for developing and operating a web based software platform – the China Skeleton Infilling (CSI) Products E-commerce Platform, – the BVI company will invest RMB 15 million over three years, for a 70 percent stake in the CSI Products E-commerce Platform.  Jinan Housing Industrialization Development will provide the relevant CSI technology and trading model, in exchange for a 30% stake in the platform.

The Director of the Jinan City Housing Industrialization Promotion Center Mr. Quanliang Wang said that CSI model apartments are expected to comprise 20 percent of all housing in China in the near future, and the potential market for CSI products will make approximately RMB 110 billion, 22 billion of which is expected to be transacted through the trading platform operated by the joint venture with Pansoft.

By words of Pansoft’s Chairman Hugh Wang, the cooperation with the Jinan Housing Industrialization Development Center is a “great opportunity for Pansoft to enter enter into the CSI product e-commerce market with solid government support and strong environmental awareness”.

Posted in Agreements and Contracts concluded, BVI Company Contracts, BVI IBC Business News, NASDAQ listed BVI Companies | No Comments »

The Estate Vault, Inc. announces partnership with BVI-registered International Medical Fund Trust

Tuesday, July 27th, 2010

The Estate Vault, Inc., the company providing electronic data managements services for organization, storage and protection of financial, personal, legal and medical information, announced that it has become partners with the British Virgin Islands-incorporated company International Medical Funds Trust (IMFT), and its New Zealand-based trustee company IMF Trustees Limited.

The purpose of the agreement between the companies is to deliver a suite of secure and interactive personal data management tools focused on helping patients and clients to have higher level of control over their personal information, while travelling out of their own country for medical procedures.
 
Those clients who sign up with this new membership service will have access to a number of specially developed membership plans for overseas medical travel, medical and surgical complications, medical vacations, international health and travel plans, USB data storage cards, and Prepaid MasterCard that eliminates the need to carry cash and provides up to US$50,000 in funding. By words of Boyd Soussana, CEO of the Estate Vault, customers “will also be able to put all sensitive data, medical files/x-rays and legal information into their own e-Vault that can be accessed anywhere.”

By words of president of the BVI company Kenneth Hunt, IMFT has designed and developed a whole range of insurance and non-insurance alternative products for these markets, and partnership with Estate Vault “ has provided IMFT a unique and innovative document management system.”

CEO of the Estate Vault also added that IMFT and Estate Vault have, in principal, agreed to establish an International Business Company (IBC) in the British Virgin Islands, which will become the provider of the range of converged hybrid products. This BVI IBC will be established under the Estate Vault International brand name.

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Origin Agritech Limited received National Agricultural Industrialisation – ‘Leading Enterprise’ title

Thursday, July 22nd, 2010

The joint committee of ministries of the Chinese Government named Origin Agritech Limited for National Agricultural Industrialization -’Leading Enterprise’. Being awarded with this title, which is valid for a year, until July 2012, the BVI company will benefit from corporation taxation exemption, preferential purchase rights and other preferential policies.

The qualification of the company was approved by the following institutions: the Ministry of Agriculture, National Development and Reform Commission, Ministry of Finance, Ministry of Commerce, People’s Bank of China, State Administration of Taxation, China Securities Regulatory Commission, and the China Federation of Supply and Marketing Cooperative.

Mr. Liang Yuan, CEO and President of Origin Agritech, said that this title woud have a great role in the long term development of the company. He also noted that some projects assigned by government ministries “expressly state that only ‘Leading Enterprises’ can qualify toward participation.”

 According to Mr. Irving H. Kau, Acting Chief Financial Officer of the company, ” the income tax exemptions may be the most most important policy to these ‘Leading Enterprises’. However, the company will also enjoy preferential policies in plant and building construction, purchase of raw materials, import and export of equipment, among other important benefits. This will certainly contribute to further enhance the company’s competitiveness.”

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