Archive for May, 2015

BVI company to start shipments of its Smart Watch into the EU

Wednesday, May 20th, 2015

BVI-registered global mobile solutions provider China TechFaith Wireless Communication Limited announced that in the second quarter of 2015 it is going to start shipping of its ruggedized smart watch (the A-Watch) into the European Union. The A-Watch, designed on Android base, can be used as a smart watch on its own, or connected to the user’s Android-based smart phone. It features an LCD screen and high capacity battery, and is water proof up to 10m. The Mobile Companion Manager has a convenient phone call interface, text messaging, email notification capabilities, weather and full time functions.

The BVI company is a leading developer of ruggedized mobile phones and other devices for differentiated market segments, including dynamic and rapidly developing smartphone market targeting wireless mobile phone network operators and end users.

Nam Tai Property announces tender offer for smaller investors

Wednesday, May 6th, 2015

BVI-registered corporation Nam Tai Property Inc announced tender offer, providing the opportunity to investors to purchase up to 3,000,000 shares of the company’s common stock at a price of US$5.50 per share in cash.

The expiration date for the tender offer is May 29, 2015. As part of it, “Odd lots” (fewer than 100 shares) will have the priority, and their holders would be guaranteed a 9.1 per cent holding period return or annualized return which is slightly over 109 per cent.

The tender offer does not depend on any financing, BVI corporation is planning to pay for shares from its available cash, which is US$212.76mm as at 31 December 2014. The offer is not conditioned on any minimum number of shares.