Archive for September, 2007

Newer Entries »

BVI-domiciled Quantum Logistics to Sign Agreement to Develop Oil Palm Plantation in Papua New Guinea

Thursday, September 6th, 2007

Quantum Logistics, a company incorporated in the British Virgin Islands, has signed a Plantation Development Agreement with OGL Asia Pacific Sdn., a wholly-owned controlled entity of Overseas & General Ltd. The companies agreed to develop 20,000 hectares of Oil Palm Plantation in Papua New Guinea.

The Agreement for Development secured by OGL Asia Pacific is for a contract sum of AU$50m, for a period of 33 months – from October 2007 to the year 2010.

Uder the terms of the Agreement, OGL Asia-Pac must receive a non-refundable preliminary advance payment of AU$1m on or before 15 October 2007. Quantum shall deliver the development site at a date no later than the 2nd week of October 2007.

Posted in BVI IBC Business News | No Comments »

Areva Group’s subsidiary to become sole shareholder of UraMin

Tuesday, September 4th, 2007

Recently we have discussed the fact of purchasing of BVI corporation UraMin Inc by CFMM Développement, the wholly-owned subsidiary of Areva Group. Last week Areva announced that, after the completion of compulsory redemption proceedings in accordance with the BVI law, it has become the sole shareholder of the BVI-registered company.

The notice that was sent to the UraMin shareholders on 7 August 2007 provided also further information for former shareholders of UraMin seeking to receive the redemption price, held by UraMin’s agent, Computershare Investor Services. In connection with the redemption, on 20 August UraMin’s shares were delisted from the Toronto Stock Exchange, and cancellation of BVI company’s listing on the Alternative Investment Market of the London Stock Exchange is expected to be effective today, on September 4, 2007.

Posted in BVI Companies Acquired & Sold, Investors' News | No Comments »

Diguang International announces annual meeting of shareholders

Monday, September 3rd, 2007

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.

Posted in BVI Company & Subsidiary Financials | No Comments »

BVI-based American Leisure Group to develop the Orlando Resort in Florida

Saturday, September 1st, 2007

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.

Posted in BVI Company Investment Sales, BVI IBC Business News, Initial Public Offerings | No Comments »

Newer Entries »