Archive for October, 2011

BVI-registered Chaarat Gold Holdings announced change of directors

Wednesday, October 19th, 2011

Chaarat Gold Holdings Ltd., the British Virgin Islands-registered exploration and development company having assets in the Kyrgyz Republic, announced that David Tang and Luo Tao, the representatives of China Nonferrous Metals and Mining Co. Ltd, on 14 October 2011 resigned as non-executive Directors of the company. BVI company’s Board and CNMIM will continue to work together, despite the resignations, and CNMIM has emphasised that all options in respect of their holding in the company and participation in the project will remain open.

According to the investment agreement signed in 2009, CNMIM were entitled to appoint two directors to the Board of the BVI company, based on 20 per cent interest in the share capital of Chaarat. As a result of the share placement completed in March 2011, the holding of CNMIM was diluted to the level below 9%.

BVI-registered Global Tech appoints new chairman

Monday, October 10th, 2011

Global-Tech Advanced Innovations Inc., British Virgin Islands-incorporated holding company operating in the business segments of home appliances and electronic components, announced that the company’s Board of Directors has appointed John C.K. Sham as Chairman of the Board. Mr. Sham uis the current President and Chief Executive Officer of the BVI company, also he has been a member of the Board of Directors since July 1991.

The new appointment is effective immediately. Mr. Sham is appointed to fill the vacancy resulting from the passing of Kwong Ho Sham, who had been the Chairman of the Board of Directors of the BVI company since its inception.