Archive for February, 2008

BVI-registered A-Power Energy Generation to sign contracts worth a combined amount of $72.3 million

Saturday, February 23rd, 2008

A-Power Energy Generation Systems, Ltd., a company registered in the British Virgin Islands, announced that in the mid of February it had signed two domestic contracts to develop distributed power generation systems, for a combined amount of $72.3 million.

The first contract for construction of a 24 MW distributed power generation system for a new paper and pulp plant in Wuzhong, China, $44.5 million worth, is expected to be started in June 2008 and completed in one year.

The second contract to construct a 24 MW distributed power plant in Hailen, China, is $27.8 million worth. The project is expected to begin this month, and also will be completed in approximately 12 months.

Mr. Jinxiang Lu, Chairman and CEO of A-Power Generation Systems, in his comments noted that, as the distributed power generation business continues to accelerate, these new contracts are ‘a testament to the market recognition of the track record and the ability to quickly develop and construct quality systems that meet the specific power and heat needs of the customers’. He also said that, in addition to these new contracts announced, there are discussions with a number of other potential distributed power generation customers, which will be probably turned into contracts over the next months.

China Gengsheng Minerals, Inc. wins four supply contracts for the Hanbao Steel project

Saturday, February 16th, 2008

China Gengsheng Minerals, Inc., a leading manufacturer of heat-resistant and energy-saving industrial materials in China, has announced that in the end of January it has won four supply contracts at the amount of approximately $1.9 million, with Hanbao Iron & Steel Co., Ltd., the $1.6-billion joint venture between China’s two top steel makers, – Baosteel Group and Handan Iron & Steel Group.

Gengsheng Minerals, which conducts its business through its fully owned BVI-registered subsidiary Gengsheng International Corporation, will supply castables, bricks and other refractory materials to Hanbao Steel for use in its hot rolled strip units construction project. Also, under the contract Gengsheng will also provide technical services for the installation and inspection of the materials supplied under each of the contract.

The Hanbao Steel project is expected to be completed in the first half of 2008, with production capacity of 4.6 million metric tons of high-end flatsteel products annually.

China Gengsheng Minerals, Inc. makes presentation at the Annual OC Growth Stock Conference

Monday, February 11th, 2008

China Gengsheng Minerals (formerly China Mineral Technologies, Inc.), a leading manufacturer of heat-resistant and energy-saving materials in China, working through its wholly-owned BVI-based subsidiary, has announced that it will make a corporate presentation at Roth Capital Partners’ 20th Annual OC Growth Stock Conference to be held from February 18, 2008 through February 21, 2008 in Dana Point, California. Gengsheng will make its presentation on the last day of the Conference, and the persons representing the company will be Gengsheng’s President, Chairman and CEO Mr. Shunqing Zhang, corporate secretary Mr. Roy Zhang, and independent director and senior technical adviser Dr. Ningsheng Zhou.

China Gengsheng Minerals conducts business mainly through British Virgin Islands-registered Gengsheng International Corporation and its China-based subsidiaries, – Henan Gengsheng Refractories Co., Ltd., Zhengzhou Duesail Fracture Proppant Co., Ltd. and Henan Gengsheng High Temperature Materials Co., Ltd. Some months ago, the BVI-based subsidiary changed its name from Powersmart Holdings Limited to Gengsheng International Corp. The company, itself, changed its name from China Mineral Technologies, Inc. to China Gengsheng Minerals, Inc., with the change of ticker name from CMIT.OB to CHGS.OB.

BVI-based China Cablecom Ltd. appoints new Chief Financial Officer and President

Wednesday, February 6th, 2008

A special purpose acquisition company Jaguar Acquisition Corp. announced that BVI-registered China Cablecom Ltd., the consolidated cable network operator and acquirer which signed an agreement and plan of merger with Jaguar in October 2007, has named a new Chief Financial Officer and President. Colin Sung, which was appointed to this post, has resigned from China Cablecom’s Board of Directors, previously he served as Chief Financial Officer for Linktone Ltd., a  well-known provider of wireless interactive entertainment services to consumers and of advertising services through new and traditional media channels in China.

Also, prior to this Mr.Sung served as Corporate Controller of UTi, United States, Inc., a subsidiary of UTi Worldwide Inc., BVI-based global integrated logistics corporation. Additionally, he was Vice President of Finance and Corporate Controller at USF Worldwide, Inc., and Vice President and Corporate Controller of the U.S. operations of Panalpina, Inc., a freight forwarding and logistics company.

The new CFO and President will report directly to Mr. Clive Ng,  who is the founder and Executive Chairman of the BVI company.