Archive for the ‘NASDAQ listed BVI Companies’ Category

Origin Agritech entered into investment agreement to form a new JV

Friday, June 7th, 2019

Origin Agritech Ltd., an agriculture technology and rural e-commerce company registered in the British Virgin Islands, entered into a Cooperation Framework Agreement with Beijing Changping Technology Innodevelop Group (BC-TID), with the purpose to form a new joint venture which will be focused on the commercialization of genetically modified corn seed technologies.

According to this agreement, both companies will establish the new entity with approximately equal partnership. BC-TID will fund the joint venture with a total amount of RMB204mln, while Origin Agritech will contribute the Origin Life Science Center building in Beijing and two biotech corn traits – the glyphosate tolerance (Gt) trait and the double stacked traits of insect resistance (Bt) and Gt genes.

These two biotech traits have completed multi-year production tests, and the BVI corporation has already submitted the application for the final stage of biosafety approval to China’s Ministry of Agriculture.

Since Origin started its corn seed biotechnology research 15 years ago in cooperation with Chinese Academy of Agricultural Sciences, it has developed several corn seed biotech traits. Also, the BVI company has entered into commercialization agreements with multinational and local corn seed companies. Dr. Gengchen Han, Origin’s Chairman and Chief Executive Officer, stated: “The investment of BC-TID to form a joint venture for biotech corn seed commercialization gives us very strong support as we’re moving closer to the commercialization of our corn seed biotechnologies.”

China Natural Resources announced results of operations for year ended December 31, 2018

Friday, May 10th, 2019

China Natural Resources, Inc., the company incorporated in the British Virgin Islands and headquartered in the PRC, announced the results of operations for the year ended December 31, 2018. The consolidated statements of profits or loss of China Natural Resources for the years ended December 31, 2016, 2017 and 2018 have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

Company’s Chairman Mr. Wong Wah On Edward commented on the results: “In late 2018, our wholly-owned subsidiary, Bayannaoer City Feishang Mining Company Limited, completed initial exploration program which indicated the presence of a “mid-size” deposit of lead and silver ore and resources sufficient in quantity and quality to warrant further exploration designed to confirm and increase measured resources, with the prospect of identifying other minable metal resources such as copper. In addition, we will continue to explore new business opportunities to contribute to revenues and enhance shareholder values.”

Taoping Inc. expands into Asian market

Saturday, December 15th, 2018

Taoping Inc., the leading provider of cloud-based ad terminals and services in the out-of-home advertising, based in the BVI and headquartered in China, announced that it has entered into strategic cooperation agreements with two companies: Asia Taoping Pte. Ltd. and Singapore Taoping Pte. Ltd. Both companies are the local partners of the BVI company.

According to the agreement, Asia Taoping will operate company sharing new media in South and Southeast Asia market, while Singapore Taoping will operate Taoping sharing new media in Singapore.

The Chairman and CEO of Taoping Inc., Mr. Jianghuai Lin commented on the new strategic agreements: “The expansion into the Asia market is another important move of our overseas development plan following TAOP’s successful landing in Toronto last month… The booming E-commerce market and increasing mobile app usage in Southeast Asia creates the conditions for the success of our ‘Smart IoT Terminal – Taoping Net/App – Taoping E-store’ lifestyle media ecosystem. We look forward to seeing more local businesses benefiting from our platform.”

Origin Agritech announced establishment of two new joint ventures

Saturday, October 13th, 2018

Origin Agritech Ltd., BVI-incorporated and China-based agriculture technology and rural e-commerce company, announced the establishment of two new joint ventures – Anhui Aoyu Zhongye Technology Ltd., of which Origin holds 50% of equity, and Xuzhou Aoyu Agricultural Technology Ltd., of which the company holds 51%. Five agricultural product distributors are investing partners in each of these joint ventures.

These two joint ventures, as well as the Hubei Aoyu Agricultural Technology Limited, became the cornerstone of the Origin e-Commune Network, based on the e-commerce technologies and BVI company’s strong brand equity across rural China.