Archive for the ‘BVI company holdings’ Category

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BVI-incorporated Euro Tech Holdings announced Reverse Stock Split

Thursday, January 19th, 2012

The Board of Directors of the British Virgin Islands-registered company Euro Tech Holdings Company Limited approved a reverse stock split of the Company’s ordinary shares, which is effective from January 13, 2012.

After the Reverse Split, every eleven ordinary shares outstanding prior to the Reverse Split will be converted to two ordinary shares. Any owner of less that one full share of the new shares will receive cash in lieu of the fractional shares.

The company’s transfer agent, American Stock Transfer & Trust Company, LLC, will process the corporate action. BVI company’s shareholders are required to exchange their current stock certificates for new ones representing new shares.

In the first press release, the BVI company announced that “D” would be added on the ticker symbol for 30 days once the Reverse Split is effective. However, on January 17 the company corrected the previous announcement, saying that no change would be made to the trading symbol upon effectiveness of the Reverse Split.

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BVI-registered Euro Tech Holdings Company Limited reports interim results for six months period

Wednesday, December 14th, 2011

Euro Tech Holdings Company Limited, the company incorporated in the British Virgin Islands and headquartered in Hong Kong, announced its unaudited financial results for the six months ended June 30, 2011. BVI company’s revenues for the reported period were approximately US$9,554,000, this is a 7.8% decrease as compared to approximately US$10,363,000 for the six months ended June 30, 2010.

For the six months ended June 30, 2011, the BVI company reported net income in the amount of US$1,330,000. At the same time, the further drop of revenues from trading business was US$2,139,000.

Company’s operating results changed from the loss for the six months ended June 30, 2010 to a net income for the six months ended June 30, 2011 – principally due to the reduction of selling and administrative expenses of approximately US$428,000.

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BVI company makes announcement on director’s dealings

Monday, October 31st, 2011

Chaarat Gold Holdings Limited, the British Virgin Islands-registered company focused on the exploration and development of mineral resources in the western part of the Kyrgyz Republic, has been notified that on 21 and 24 October 2011 company’s Non-Executive Chairman Christopher Palmer-Tomkinson purchased an aggregate of 100,000 ordinary shares of US$0.01 each in the BVI company at an average price of 27p per share.

After these purchases, company’s chairman has a beneficial interest in 10,100,000 shares that represent approximately 4% of company’s issued share capital.

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BVI company to receive cash proceeds on disposal of its subsidiary

Friday, July 1st, 2011

Polo Resources Limited, the mining and exploration investment company domiciled in the British Virgin Islands, noted the announcement published with respect to an offer by Guangdong Rising (Australia) Pty Ltd to acquire 100% of the issued shares of Caledon at a price of 112p per share. Polo Resources holds an interest of approximately 29.8% in the issued share capital of Caledon, in addition to £2.5 million of Caledon’s 8.5% unsecured Covertible Loan Notes issued in 2010.

In case the proposed acquisition of Caledon will be completed by Guangdong Rising at the announced price, Polo will receive total proceeds on disposal of its interest of approximately £100 million equivalent to approximately 4.36p per issued Polo share.

Neil Herbert, Executive Co-Chairman and Managing Director of Polo Resources, said in his comments that “The disposal of our interest in Caledon will provide the company with £100 million in additional liquidity. Subject to and upon completion of the sale and receipt of cash proceeds, the Board of Polo intends to utilise part of the proceeds to fund a special dividend to shareholders of 1p per share.
Polo’s strategy is to identify assets, listed and private, which have the potential to increase shareholder value…”

Posted in BVI company holdings, Proceeds from Investment sales, Sales of shares | No Comments »

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