Archive for the ‘NASDAQ listed BVI Companies’ Category

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.

China Information Technology changed company name to Taoping Inc.

Monday, June 4th, 2018

BVI-incorporated internet services operator China Information Technology, Inc., providing internet-based ad distribution and ad display terminal sharing systems in China, announced the change of its name from “China Information Technology, Inc.” to “Taoping Inc.” Company’s ordinary shares are traded under the new symbol, TAOP instead of CNIT.

Mr. Jianghuai Lin, Chairman and CEO of CNIT, has commented on the strategic decision: “the new company name will more accurately reflect our current business operations. Since entering the public market in 2007 we have continued to execute exceptionally on our roadmap and are excited to introduce the Taoping Inc. to Wall Street, as we have done successfully amongst our peers in the new-media industry.”

The company’s shares are traded on the NASDAQ Capital Market under the new name starting from June 1, 2018.

Euro Tech Holdings announced annual fiscal results

Wednesday, May 16th, 2018

Euro Tech Holdings Company Limited, incorporated in the British Virgin Islands, announced financial results for the 12 month period ended December 31, 2017. In the reported period, company’s revenues were approximately US$17,350,000, which is 22.8% decrease compared to US$22,478,000 in the previous financial year.

Net profit of Euro Tech Holdings in the year 2017 was US$473,000, as compared to approximately US$231,000 in fiscal year 2016. The net profit increase, despite the fall of revenues, became possible mainly due to decrease in operating loss as well as decrease in selling and administrative expenses, income tax expenses and contributions from affiliates.

Origin Agritech announced new strategic directions

Friday, March 16th, 2018

BVI-registered agricultural biotechnology company Origin Agritech Ltd. announced the new strategic directions set by the newly appointed Chief Executive Officer Dr. Z. James Chen. Among the key strategic directions which were discussed there are e-commerce development for the vast farmland in China, foundation corn seed technology business development, and further development of biotech and genome editing seed technologies.

Dr. Gengchen Han, Chairman of Origin Agritech, commented on the new announcement: “We believe the new strategic directions set by the new management team represents the key technology and market advantages built over the last two decades and we trust we can build new businesses while waiting for the final commercialization approval of agribiotech technology in China… the new management team’s new strategic directions have full support from our board and we look forward to new Origin post commercial seed business divestiture”