BVI Company News

The Nevada-based manufacturing corporation Diguang International Development Co., Ltd. has reported about its plans to hold the 2007 Annual Meeting of Stockholders on November 28, 2007. The meeting is planned to be held in company’s office in Shenzhen, China.

Manufacturing subsidiary of Diguang is located in Shenzhen, where the company has recently acquired the land rights, at preferential prices. The sales and marketing subsidiary of the corporation is located in the British Virgin Islands.

A BVI-incorporated American Leisure Group Ltd., which is the owner of land near Walt Disney World, has sold 62.5 million shares, or a 37% stake, to raise 75,000,000 GBP or $151 million in an initial public offering on London’s Alternative Investment Market. Of that amount, U.S. $44,000,000 is used for the development of the Sonesta Orlando Resort at Tierra del Sol, Florida, which is American Leisure’s flagship resort property near Walt Disney World.

The resort is currently under construction. When completed, it will be a 121-acre vacation home resort community. The company has already sold 700 vacation homes it is building on this territory, with sale commitments worth more than $300 million.

The affiliation with Sonesta is an example of American Leisure Group’s strategy of ensuring that the management of the resort will be of high quality.