Archive for September, 2007

Balmoral Capital Holdings signed Merger Agreement with Sentex Sensing Technologies

Friday, September 28th, 2007

This month, BVI-registered Balmoral Capital Holdings Inc. (BCHI) signed an Agreement to place its holding ICOM into Sentex Sensing Technologies, Inc. The MOU was announced in April 2007 led to this agreement and a confirmation of financing. Companies’ merger is planned to be completed as quickly as possible, with complete legal formalities and audits.

Sentex is a multi-faceted technology company that specializes in telecommunications services and equipment, wireless communications, etc. Now the company will be manufacturing wireless devices and deploying wireless services, which will be first deployed in the UK. It is projected to gain the status of profitable company in 2008, with over 8-10 million in sales. Now the company is completing merger process  presentations and completing the applications and documentation, to move forward with more than 4 million dollars of financing.

Balmoral Capital Holding Companies is a BVI company focused on all kinds of investment banking services, and its holding company ICOM founded in 1990 provides for various technology based solutions, with key focus in supplying products and services that offer discounted prices for high quality service.

Equator Exploration Ltd announces the termination of merger agreement

Wednesday, September 26th, 2007

In the beginning of September 2007, Equator Exploration Limited announced the termination of the  agreement related to the conditional merger of with CAMAC Energy Holdings Limited. Equator Exploration, which has its registered address in the British Virgin Islands, made an announcement on 11 June 2007 that it had entered into a conditional merger agreement with CAMAC Energy EP Limited and CAMAC International Limited, relating to a proposed merger of Equator and CAMAC Energy Holdings Limited, a wholly owned subsidiary of CAMAC International Limited.

The Merger Agreement was conditional upon the posting of the AIM Admission Document, to Equator shareholders by no later than 31 August 2007. It has not been possible to produce an Admission Document that would satisfy the requirements of the AIM Rules within the prescribed timeframe, and, as a result of this, the Merger Agreement has been terminated.

Diguang International participates in the International Forum on Solid State Lighting in Shanghai

Sunday, September 23rd, 2007

Diguang International Development Co., Ltd., which has recently acquired land rights in Shenzhen to use it for industrial purposes,  has announced that it will become one of the executive members of the China Solid State Lighting Alliance. The purpose of this organization is to  promote co-operation and communication between companies competing in the China-based and international solid state lighting industries.

Diguang reported about its choice during the 4th International Forum on Solid State Lighting, which was held in Shanghai from August 22 to 24, 2007. During this event, Diguang exhibited its LED products to National Center for Science & Technology and other exhibition participants.

During the forum, Diguang’s CEO Song Yi was invited to participate in a seminar with other internationally known companies: Philips, Osram, Cree, Seoul Semiconductor, Epistar, Luming Group and Neostones.

CIC Energy enters into agreement with a leading Japanese company

Thursday, September 20th, 2007

CIC Energy Corp has made an announcement that along with its partner International Power PLC it has entered into a preliminary agreement with Sumitomo Corporation – a leading Japanese company operating in various sectors including mineral resources, energy, media and electronics, finance and logistics. The agreement concerned the possible subscription of a 20% equity interest in the first phase of the Mmamabula Energy Project.

The preliminary agreement does not commit Sumitomo to equity participation in the Mmamabula Project, but demonstrates company’s interest in the Project.

Currently, the BVI-based CIC Energy and IPR together are the holders of 50% interest in the Mmamabula Project.

Sumitomo has entered into negotiation with CIC Energy and IPR, on the possible subscription of a 20% interest in Meepong Energy (Mauritius) Pty Ltd. To facilitate this, CIC Energy and IPR would be expected to equally sell down a part of their respective equity stakes. Meepong Energy (Mauritius) is the joint venture company which will hold the power station assets of Phase One of the Project.

The above-mentioned agreement also provides the option for Sumitomo to take a 20% interest in Meepong Resources (Mauritius) Pty Ltd. If this occurs, the balance of this holding company is expected to be held equally by CIC Energy and IPR.

Meepong Resources is the joint venture company, which will hold the coal mine for Phase One of the Project. Meepong Energy (Mauritius) will hold the power station assets of Phase One of the Project.