Archive for the ‘Investors’ News’ Category

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.

BVI company entered into investment deal with Universal Coal Resources

Friday, June 3rd, 2016

Polo Resources Limited, an international investment company focused on natural resources and domiciled in the British Virgin Islands, announced that its subsidiary, Polo Investments Limited, entered into a secured US$5,000,000 nominal value 15% redeemable convertible note with Universal Coal Resources Pte Ltd. In its turn, Universal, which is a Singapore-incorporated company, entered into a conditional agreement with Pan Asia Corporation Ltd. subsidiary to acquire an indirect 75% interest in PT Transcoal Minergy Coal Project, incorporated in Indonesia.

Universal Coal Resources is targeting a Singapore Stock Exchange Catalist Board listing, and the convertible note entitles the BVI company to convert the principal outstanding plus any accrued interest into not less than 20% of the share capital of Universal. Also, the funding under the convertible note will allow the Singapore company to undertake value adds to the TCM Coal Project. The note is repayable 18 months from draw-down, unless previously converted.

Thalassa Holdings expects high revenues in this year agreements

Sunday, December 20th, 2015

BVI-registered and AIM-listed entity Thalassa Holdings informed about its expectations to generated btw US$7.5m (£4.9m) and US$10m (£6.6m), from its two seismic services agreements. Thtough its wholly owned WGP Group, the company will provide long term seismic acquisition services to ConocoPhillips Skandinavia. Under the terms of this new agreement, BVI company’s subsidiary will purchase seismic data sets on the Ekofisk field in the Norwegian sector of the North Sea; the initial term of the contract is five years.

Another deal of Thalassa Holdings with TGS-NOPEC Geophysical Company was announced in April earlier this year, and is expected to bring btw US$10m and US$12m already in 2017.

Also, company’s revenues from multi-client data sales and High Resolution 3D are estimated to amount to additional US$9.3m for 2015, with total year revenues estimated to US$18.5m.