Archive for May, 2013

Nam Tai Electronics received purchase order for smartphone LCDs

Saturday, May 18th, 2013

Nam Tai Electronics, Inc., the British Virgin Islands-registered company working in the spheres of electronics manufacturing and design services, announced that it has received a new purchase order from an existing customer, for the extension of the production at the BVI company’s Shenzhen facility of high-resolution liquid crystal display modules (LCMs) for a smartphone.

Nam Tai expects to extend its production of LCMs for smartphones for this customer to the period ending September 2013, to manufacture approximately 15 million additional units under the new purchase order.

The company also announced that this new purchase order does not alter the customer’s decision to eventually transfer its future orders to other suppliers with lower assembling charge.

UTi Worldwide Opened New Logistics Centre in Taiwan

Saturday, May 11th, 2013

UTi Worldwide Inc., a global supply chain services and solutions company, incorporated in the British Virgin Islands, opened the newest multi-client logistics centre in New Taipei City, Taiwan. The facility is 42,900 sq. meter, featuring a ‘green’ building design including an LED lighting system and rain water collection. The logistics centre has also on-site security guards, CCTV and electronic surveillance, perimeter fencing and an electronic sprinkler system, and 101 double dock doors where clients’ goods are secured from environmental effects. It now houses 30,000 pallets of inventory for 100 clients primarily in the High Tech, Fashion and Beauty, Consumer and Retail industries.

The location of the new facility is 20 minutes from Taiwan Taoyuan International Airport (TPE), and only 500 meters from Taiwan’s Highway 2, so it has easy access to Taiwan’s main distribution channels.

Brian Dangerfield, UTi president for the Asia Pacific region, said: “Besides the basic 3PL warehousing, distribution, and inventory management capabilities that UTi offers, this facility is adaptable to the requirements of several industries such as pharmaceutical, healthcare, and wine & spirits which may require temperature-controlled environments.”

Chinese company issues guaranteed notes through its BVI subsidiary

Saturday, May 4th, 2013

CNOOC Limited, which along with its subsidiaries is functioning as an upstream company specialized in the exploration, development and production of oil and natural gas, announced the pricing of its offering of US$4,000 million aggregate principal amount of guaranteed notes. The net proceeds from this offering are expected to be approximately US$3,942 million.

This offering consists of US$750 million of 1.125% guaranteed notes due 2016, US$750 million of 1.750% guaranteed notes due 2018, US$2,000 million of 3.000% guaranteed notes due 2023 and US$500 million of 4.250% guaranteed notes due 2043. The notes will be issued by CNOOC Finance (2013) Limited, a wholly owned subsidiary of CNOOC Limited, registered in the British Virgin Islands, and guaranteed by CNOOC Limited.

The company has applied for listing of the Notes on the HK Stock Exchange.