BVI-registered retail brand and Raiffeisenbank launched co-branded bank card

February 28th, 2018

Lenta Ltd., BVI-domiciled company operating one of the largest retail chains in Russia, announced the start of co-branded loyalty programme with AO Raiffeisenbank. Visa bank card launched by Lenta and Raiffeisenbank combines the existing loyalty programme benefits and the bank’s bonus point cashbacks. The card provides guaranteed 5% discount on all purchases, and allows the customer to earn bonus points.

The new co-branded cards will be issued by Lenta’s in-store information desks, without service fee throughout its effective period, as long as being issued in a Lenta store. By words of Lenta’s Chief Marketing Officer Bert Vukkink, the goal of the company is to “constantly improve customer experience, and launching this co-branding project with Raiffeisenbank is another important step in that direction.”

Origin Agritech and Elastos Foundation announced co-operation plan

February 17th, 2018

Origin Agritech Limited, an agricultural biotechnology company headquartered in China and domiciled in the British Virgin Islands, and Elastos Foundation, which aims to create a new Internet system powered by blockchain technologies, announced their plan to develop a global strategic partnership. The purpose of the partnership is joint activities fostering smart economic solutions.

Origin Agritech has been developing a system for seed tracking and e-commerce solutions in order to provide the best seed technologies to Chinese farmers. Origin and Elastos had several years of trial experience when Elastos assisted the BVI company in developing its e-commerce platform, and now the companies believe that the formal co-operation in developing the platform based in Elastos’ Smart Web technologies would provide great service to global agribusiness transactions, data services, and rural e-commerce activities. The platform is expected to solve seed piracy problems and protect agricultural seed intellectual properties.

Both companies agreed that the founder of Elastos Mr. Rong Chen will join BVI company’s board, and Dr. Gengchen Han, chairman of Origin, will serve Elastos as an advisor. The companies also agreed on mutual investments.

Premier African Minerals announced Loan Conversion

December 30th, 2017

British Virgin Islands-based company Premier African Minerals Limited announced that its chairman and CEO George Roach has elected to convert US$100,000 of the US$300,000 loan which was provided by him to the company on 15 September 2015. This is an unsecured loan which accrued interest of US$315,096 at 6 December 2017.

This loan can be converted at any time into new ordinary shares at a price of 0.5p per new share. Premier African Minerals has therefore issued 14,964,020 new ordinary shares to George Roach; the conversion shares will rank pari passu with the existing ordinary shares. Application will be made for admission to trading on AIM. George Roach will be interested directly and indirectly in aggregate in 476,751,154 ordinary shares which represent 7.25% of the enlarged issued share capital of the Company.

BVI company to demonstrate Driving Automotive Innovation at CES 2018

December 23rd, 2017

Luxoft, the global IT service provider of innovative technology solutions, announced that it will show its latest digital innovation at CES 2018 which will take place in Las Vegas, U.S., on January 9 – 12, 2018. The BVI corporation will showcase Autonomous Driving and Connected Mobility services.

Each of Luxoft’s demonstrations will show the latest technology solutions driving innovation at world leading OEMs in the automotive sector – including next generation pixel-to-silicon hardware and software solutions, Human Machine Interface (HMI) systems and connected car services designed and engineered by Luxoft.