Archive for January, 2011

Shareholder protection rights plan adopted by Talon Metals Corp

Saturday, January 29th, 2011

The Board of Directors of BVI-incorporated mineral exploration company Talon Metals Corp. has adopted shareholder rights plan effective January 17, 2011. The purpose of the plan is to ensure that all shareholders are treated equally and fairly in the event of a transaction that could lead to a change in control of the BVI company.

The shareholder rights plan also gives the board of directors more time to assess any unsolicited bid that may be made for Talon in the future and to explore and develop alternatives for maximizing shareholder value.

The rights plan must be confirmed by shareholders within six months of its effective date. Talon Metals plans to seek shareholder approval at its annual and special meeting of shareholders expected to be held in June 2011.

According to the announcement of the Board, the rights plan is not intended to and will not prevent a take-over of the company. The purpose of the rights plan is to encourage a potential bidder to make a permitted bid.

BVI-registered CTDC signed purchase agreement with Time Infrastructure Holdings Limited

Tuesday, January 25th, 2011

China Technology Development Group Corporation, the British Virgin Islands-registered group focused on providing solar energy products and solutions, announced that its wholly-owned subsidiary, China Merchants Zhangzhou Development Zone Trendar Solar Tech Ltd., has entered into a Purchase Agreement with the company Goldpoly Science & Technology Industry Co. Ltd., which is the wholly-owned subsidiary of Time Infrastructure Holdings Limited. Time Infrastructure, listed on the main board of Hong Kong Stock Exchange, is China’s leading manufacturer of silicon solar cells in China.

Under the terms of the agreement, in the year 2011 Goldpoly is to provide BVI company’s subsidiary with 100 megawatt of high-quality polycrystalline solar cells.

Mr. Sean Liaw, Chief Operating Officer of CTDC, has commented on the deal saying that “This is the first purchase agreement we entered with the Goldpoly Group after signing our strategic cooperation agreement in November, 2010. We believe that the agreement will further ensure the supply of our raw materials and will strengthen our long-term relationship in the provision of solar cells. The high-quality solar cells with competitive price provided by Time Infrastructure enable us to ensure the high-quality of our PV module and reduce our production cost, which will in turn increase the profit margin.”

BVI company to launch new website

Tuesday, January 18th, 2011

Qiao Xing Universal Resources, Inc., British Virgin Islands-registered company working in the molybdenum-mining business with meaningful size in the resources industry, has launched the new website.

The new site, which is located at http://www.cosun-xing.com/, reflects company’s focus on the molybdenum-mining business and the growing scale in the resources industry. The site includes the up-to-date corporate profile and investor presentation, comprehensive overview of company’s resources operations, the gallery of photos of its molybdenum and lead-zinc-copper mining operating businesses, and the dedicated section focused on the newly acquired Aolunhua Copper-molybdenum Mine, one of the largest molybdenum mines in Asia.

According to the Chairman and CEO of the BVI company Mr. Ruilin Wu, the new website has been designed to better serve investors, customers, shareholders and the public. He also said that the site outlines the progress in the execution of company’s strategy to grow resources business, and reflects the commitment to increasing corporate transparency.

BVI-incorporated A-Power announced construction contract in Dalian, China

Wednesday, January 12th, 2011

A-Power Energy Generation Systems, Ltd., the company providing distributed power generation systems in China and manufacturing wind turbines, announced that it has signed a project construction contract with the Number 2 Engineering Construction Company of the Northeast Electric Power Administrative Bureau. The project is expected to be fully operational by September 30, 2011.

The project which is approximately US$ 36.5 million worth is for the construction of 2×350 megawatt ultra supercritical power generation for heat and power cogeneration in the Dalian development zone of GD Power Development Co., Ltd. A-Power Energy will take responsibility for construction and installation of the number 1 boiler, the number 1 generator set, ash removal system, electrical system, and affiliated equipment, plus some fuel supply system construction.