Archive for August, 2013

Nam Tai announces receiving additional order for LCMs

Saturday, August 31st, 2013

Nam Tai Electronics, Inc. has made an announcement that it received another new purchase order from an existing customer to extend the production of high-resolution liquid crystal display modules for a smartphone at the Shenzhen facility of the BVI company.

Nam Tai Electronics plans to manufacture about 12 million additional LCMs for smartphones for this existing customer, and the production is expected to extend to the period ending December 2013.

It is said in the company’s announcement that the new purchase order does not alter the customer’s decision to eventually transfer its future orders to other suppliers, and does not guarantee that any new future order will be awarded. Also, the customer may cancel any or all of this purchase order, paying cancellation fee to the Company.

Mineseeker becomes partner with Canadian oil & gas company

Saturday, August 17th, 2013

British Virgin Islands-incorporated company Mineseeker Operations Overseas Limited informed about its intention to create strategic partnership with Canadian oil and gas company Enervue World Inc. The companies plan to create jointly implementation strategies for the development of oil and gas in landmine affected areas, each company being focused on its core sphere.

Mike Kendrick, Executive Chairman of Mineseeker, said in his comments: “Mineseeker is currently involved in discussions with several governments and other organisations holding oil and gas concessions in both Africa and the Middle East and we are excited about the prospect of working with EnerVue to develop sustainable oil and gas businesses in countries affected by landmines.” He also added that for Mineseeker it offers the opportunity to create new markets in aerial surveying and share in oil and gas revenues.

EnerVue’s President, Scott Douglas, commented, “We are pleased with the successful signing of this strategic partnership and welcome Mineseeker alongside the EnerVue team. What unites us is the common interest in responsibly demining and developing land where oil and gas opportunities exist. The partnership brings together two likeminded organizations and opens doors to new markets for both of us…We’ve completed the first phase of a significant equity investment, further cementing the relationship between the two companies.”

Mineseeker Chairman is now due to visit Southern Africa where negotiations are scheduled to discuss oil and gas concessions in Mozambique. The team of the BVI corporation has also been invited to visit Angola, which is an oil rich country with a significant landmine problem.

Chinese investment holding signed framework deal with BVI company

Monday, August 12th, 2013

An investment holding company China Print Power Group Limited announced that its wholly-owned subsidiary signed a framework agreement for possible investment in a British Virgin Islands-incorporated firm, which holds about 79 per cent of Benxi Liaoyou Xinshidai Ranqi Company. This is a China-based natural gas company, engaged in building pipe lines, natural gas stations and supply hubs in Benxi City in Liaoning Province.

China Print Power stated that the deal could be a good chance to expand into China’s natural gas business. However, it remains focused on developing its existing businesses in printing and the sales of paper and leather products.

China Print Power can now do due diligence and negotiate the deal with the seller.

Irish broker company licensed by BVI FSC

Tuesday, August 6th, 2013

Ireland-based Forex & CFD broker company AvaTrade announced that AVA Trade Group has received regulatory approval from the British Virgin Islands Financial Services Commission. By this, Ava Trade becomes one of Forex & CFD brokers to operate completely investment business license by leading regulatory bodies worldwide.

It is noted in the release by AvaTrade that the application process for regulation governed by the BVI FSC is one of the most demanding and lengthy in the investment industry. AvaTrade CEO Emanuel Kronitz said in his comments: “We are enormously satisfied that after a very thorough examination of all of our policies and procedures we have been awarded this license by the BVI Financial Services Commission.

AvaTrade was founded in 2006, and now it operates as a regulated and licensed broker worldwide: Europe (licensed by Central Bank of Ireland), Australia (licensed by Australian Securities & Investments Commission), Japan (licensed by Financial Services Agency, the Financial Futures Association of Japan and Commodities Futures Association of Japan), and BVI (licensed by British Virgin Islands Financial Services Commission).