Archive for the ‘Investors’ News’ 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.

Talon Metals entered into Promissory Note with Resource Capital Fund

Sunday, April 1st, 2018

Talon Metals Corp., a TSX-listed company incorporated in the British Virgin Islands, has entered into an unsecured non-convertible Promissory Note with Resource Capital Fund. The Promissory Note in the amount of USD$1,000,000 matures on November 25, 2018, and has an interest rate of 12% per annum. There are no other commissions or fees payable in connection with the issuance of the Promissory Note. The proceeds will be used for general working capital purposes. The TSX has accepted notice of the Promissory Note subject to certain standard conditions.

Pursuant to Multilateral Instrument 61-101- Take Over bids and Special Transactions, RCF is a related part of the BVI company, and Talon Metals is not required to obtain a formal valuation and to obtain minority shareholder approval in connection with the Promissory Note.

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.

Luxoft Holding announced participation in investor conferences

Thursday, April 27th, 2017

In the end of April, Luxoft Holding, Inc announced participation in a number of investor conferences during the month of May. On May 23, 2017, BVI company’s President and Chief Executive Officer, Chief Financial Officer, and Vice President and Investor Relations Officer will be presenting and conducting one-on-one meetings at the 45th Annual J.P. Morgan Global Technology, Media and Telecom Conference.

On May 31, 2017, Senior Vice President of Sales, North America, will participate in the Digital IT Services: Evolving User Experience & Underlying Technologies Panel at the Cowen and Company 45th Annual Technology, Media & Telecom Conference. On June 1, the company will conduct one-on-one meetings with senior management.