Archive for July, 2009

BVI-registered OpenTV makes Digital Cable Launch for Chinese broadcasting group

Thursday, July 9th, 2009

OpenTV Corporation, a British Virgin Islands-incorporated company providing software and technology solutions for advanced digital television, announced on June 23 that it has launched an end-to end middleware solution for Southern Yinshi Network Media Ltd, a subsidiary of Southern Media Corporation – one of China’s leading broadcasting groups. The solution has initially launched with Southern Yinshi in the Yangjiang municipality of the Guangdong province.

The digital cable offering powered by OpenTV Core2™ middleware features a variety of enhanced services including user interface, interactive mosaic, weather and customer care applications.

In his comments upon the deal Chief Executive Officer of the BVI-registered corporation Ben Bennett said that OpenTV is committed to China and has built a strong local presence and partnerships in the country, while the goal of the company is to help local operators grow and generate revenue through the adoption of solutions for digital cable, which is now required by the Chinese market.

BVI company purchases the UK Football Club

Thursday, July 2nd, 2009

Munto Finance Limited, a specially formed company incorporated in the British Virgin Islands, is planning to purchase Notts County football club from the second football league. By the structure of this investment, no existing shareholders of the club will get shares in this company or the Investment Fund as part of the deal.

Munto Finance, whose owners are from the Middle East, provided a guaranteed undertaking to invest in the club, and a suitable proof of funds to the Board of Notts County and the Board of the Trust. Currently the Notts County Board and Trust Board who represent the shareholders of the club should make investigation and research on the investment porposal. The UK regulated (FSA) merchant bank has advised on the transaction; also, in the opinion of the board, the advisers and the shareholders, due diligence has been done, and the deal has been unanimously recommended.