Archive for April, 2010

China Gengsheng Minerals won two contracts with China’s Changqing Oilfield

Tuesday, April 27th, 2010
China Gengsheng Minerals, Inc. (http://finance.yahoo.com/q?s=CHGS), the Chinese high-tech industrial materials manufacturing company conducting its business through its subsidiary Gengsheng International Corporation (BVI) (http://bvi-companies.blogspot.com/2008/02/gengsheng-international-corporation.html), received two fracture proppant supply contracts with Chinese company Changqing Oilfield, which is a subsidiary of  China National Petroleum Corporation (http://www.cnpc.com.cn/en/) (CNPC).
The term of both contracts is one year, their total value is approximately $1.3 million. Pursuant to the contracts, Gengsheng will start shipping fracture proppants for Changqing Oilfield immediately.
Changqing Oilfield is China’s second largest oilfield with a total area of 370,000 square kilometers for exploration. In 2009,  the total oil and gas equivalent production at Changqing had exceeded 30 million tons.
According to Mr. Shunqing Zhang, Chairman and CEO of Gensheng, the company “has maintained solid relationship with Changqing Oilfield, due to our technological advantages and resources advantages.” Also, he said that a successful win of contracts with Changqing Oilfield means the good momentum of the Fracture Proppant Segment’s long-term development.

China Gengsheng Minerals, Inc., the Chinese high-tech industrial materials manufacturing company conducting its business through its subsidiary Gengsheng International Corporation (BVI), received two fracture proppant supply contracts with Chinese company Changqing Oilfield, which is a subsidiary of  China National Petroleum Corporation (CNPC).

The term of both contracts is one year, their total value is approximately $1.3 million. Pursuant to the contracts, Gengsheng will start shipping fracture proppants for Changqing Oilfield immediately.

Changqing Oilfield is China’s second largest oilfield with a total area of 370,000 square kilometers for exploration. In 2009,  the total oil and gas equivalent production at Changqing had exceeded 30 million tons.

According to Mr. Shunqing Zhang, Chairman and CEO of Gensheng, the company “has maintained solid relationship with Changqing Oilfield, due to our technological advantages and resources advantages.” Also, he said that a successful win of contracts with Changqing Oilfield means the good momentum of the Fracture Proppant Segment’s long-term development.

Play LA Inc. launches new French sports website

Tuesday, April 20th, 2010
The British Virgin Islands-registered internet advertising and publishing company Play LA Inc. (http://bvi-companies.blogspot.com/2009/11/play-la-inc.html) announced that it has started development of a new website in French that includes sports news. The new website will publish news, comments, player profiles, match odds, statistics and betting tips covering the most popular sports in France.
The CEO of Play LA (http://finance.yahoo.com/q?s=PLLAF.OB) David Hallonquist stated in his comments that this new development followed their strategy of moving into new markets that are regulating online gaming. Also, when launched, this newest development will increase the network total to twenty websites.
The announcement of the BVI company about the opening of the website followed the decision of France’s National Assembly in favor of legalizing online gambling. France expects to collect about €5 Billion a year of taxes from the gambling industry.

The British Virgin Islands-registered internet advertising and publishing company Play LA Inc. announced that it has started development of a new website in French that includes sports news. The new website will publish news, comments, player profiles, match odds, statistics and betting tips covering the most popular sports in France.

The CEO of Play LA David Hallonquist stated in his comments that this new development followed their strategy of moving into new markets that are regulating online gaming. Also, when launched, this newest development will increase the network total to twenty websites.

The announcement of the BVI company about the opening of the website followed the decision of France’s National Assembly in favor of legalizing online gambling. France expects to collect about €5 Billion a year of taxes from the gambling industry.

Oxford Business Group re-domiciles from BVI to UK

Tuesday, April 13th, 2010
The Oxford Business Group (OBG) (http://www.oxfordbusinessgroup.com/) stated that voluntary liquidation would not affect its operations in the countries where it is represented. This announcement is part of the procedure to move the company from the British Virgin Islands, which is its current jurisdiction of registration, to the United Kingdom, where it is headquartered.  According to the announcement published in the Dubai-based newspaper Emirates Business, the voluntary liquidation process started on March 18.
The Director of OBG’s Dubai office Rakesh Kunhiraman stated that the company now “is in the process of setting up the business back in the UK, and hence the voluntary liquidation.” Kunhiraman and OBG’s public relations department declined to comment on the impact the moving out of the tax-free British Virgin Islands would have on operational costs and profits. They said that, being a private company, they should not make this information publicly available.
The Director of Dubai office said the group performance was very good in both publishing and consultancy activities, due to advertisements and sponsorships and due to developing reports commissioned by the group’s clients.
The Oxford Business Group publishes annual reports for 30 countries including Dubai, Abu Dhabi, Sharjah, Ajman and Ras Al Khaimah, and provides consultancy services. Three main offices of the group are located in Dubai, UK and Turkey.

The Oxford Business Group (OBG) stated that voluntary liquidation would not affect its operations in the countries where it is represented. This announcement is part of the procedure to move the company from the British Virgin Islands, which is its current jurisdiction of registration, to the United Kingdom, where it is headquartered.  According to the announcement published in the Dubai-based newspaper Emirates Business, the voluntary liquidation process started on March 18.

The Director of OBG’s Dubai office Rakesh Kunhiraman stated that the company now “is in the process of setting up the business back in the UK, and hence the voluntary liquidation.” Kunhiraman and OBG’s public relations department declined to comment on the impact the moving out of the tax-free British Virgin Islands would have on operational costs and profits. They said that, being a private company, they should not make this information publicly available.

The Director of Dubai office said the group performance was very good in both publishing and consultancy activities, due to advertisements and sponsorships and due to developing reports commissioned by the group’s clients.

The Oxford Business Group publishes annual reports for 30 countries including Dubai, Abu Dhabi, Sharjah, Ajman and Ras Al Khaimah, and provides consultancy services. Three main offices of the group are located in Dubai, UK and Turkey.

Euro Tech Holdings Company Limited announced signing of engineering contract

Wednesday, April 7th, 2010
BVi-domiciled EuroTech Holdings Company Limited (http://bvi-companies.blogspot.com/2008/01/eurotech-holdings-company-limited.html) made an announcement that its wholly owned subsidiary, Shanghai Euro Tech Environmental Engineering Ltd, has recently been awarded a contract US$ 3.2 million worth from a petrochemical industrial park. The contract is for design, supply, installation and commissioning of industrila wastewater treatment system in Guangxi, China.
The Chairman and CEO of the BVI company Mr. T.C. Leung said in his comments that the company is on its way “to recover gradually from the global financial crisis which hit quite a number of companies badly in China in 2009,” and to sign more contracts in 2010.
We also believe that our hard work in 2009 has paved way for more contracts to be materialized in 2010 for our group of companies.”

BVi-domiciled EuroTech Holdings Company Limited made an announcement that its wholly owned subsidiary, Shanghai Euro Tech Environmental Engineering Ltd, has recently been awarded a contract US$ 3.2 million worth from a petrochemical industrial park. The contract is for design, supply, installation and commissioning of industrila wastewater treatment system in Guangxi, China.

The Chairman and CEO of the BVI company Mr. T.C. Leung said in his comments that the company is on its way “to recover gradually from the global financial crisis which hit quite a number of companies badly in China in 2009,” and is to sign more contracts in 2010.

We also believe that our hard work in 2009 has paved way for more contracts to be materialized in 2010 for our group of companies.”