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	<title>BVI Company Financial News &#187; Sales of shares</title>
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	<link>http://bvi-company-financials.bviincorporation.com</link>
	<description>BVI company financial snapshots, annual and interim financial results.</description>
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		<title>BVI company makes announcement on director’s dealings</title>
		<link>http://bvi-company-financials.bviincorporation.com/415/bvi-company-makes-announcement-on-director%e2%80%99s-dealings/</link>
		<comments>http://bvi-company-financials.bviincorporation.com/415/bvi-company-makes-announcement-on-director%e2%80%99s-dealings/#comments</comments>
		<pubDate>Mon, 31 Oct 2011 13:45:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[BVI company holdings]]></category>
		<category><![CDATA[Sales of shares]]></category>

		<guid isPermaLink="false">http://bvi-company-financials.bviincorporation.com/?p=415</guid>
		<description><![CDATA[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&#8217;s Non-Executive Chairman Christopher Palmer-Tomkinson purchased an aggregate of 100,000 ordinary shares of US$0.01 each in the BVI company [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://bvi-companies.blogspot.com/2009/01/chaarat-gold-holdings-limited.html" target="_self">Chaarat Gold Holdings Limited</a>, 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&#8217;s Non-Executive Chairman Christopher Palmer-Tomkinson purchased an aggregate of 100,000 ordinary shares of US$0.01 each in the <a title="BVI company formation. Offshore BVI companies from incorporation services firm licensed in British Virgin Islands tax haven" href="http://www.offshorebvi.com/">BVI company</a> at an average price of 27p per share.</p>
<p>After these purchases, company&#8217;s chairman has a beneficial interest in 10,100,000 shares that represent approximately 4% of company&#8217;s issued share capital.</p>
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		<title>BVI company announced disclosure of deemed shareholding interests of its executive directors</title>
		<link>http://bvi-company-financials.bviincorporation.com/395/bvi-company-announced-disclosure-of-deemed-shareholding-interests-of-its-executive-directors/</link>
		<comments>http://bvi-company-financials.bviincorporation.com/395/bvi-company-announced-disclosure-of-deemed-shareholding-interests-of-its-executive-directors/#comments</comments>
		<pubDate>Fri, 29 Jul 2011 08:23:48 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Sales of shares]]></category>

		<guid isPermaLink="false">http://bvi-company-financials.bviincorporation.com/?p=395</guid>
		<description><![CDATA[The board of directors of Asian Growth Properties Limited, the property development and investment company headquartered in Hong Kong and incorporated in the British Virgin Islands jurisdiction, has received notifications from the executive directors reporting their respective deemed interests in the ordinary shares of US$0.05 each in the company.
About 97.17% of the existing share capital [...]]]></description>
			<content:encoded><![CDATA[<p>The board of directors of <a href="http://bvi-companies.blogspot.com/2007/01/asian-growth-properties-limited.html" target="_self">Asian Growth Properties Limited</a>, the property development and investment company headquartered in Hong Kong and incorporated in the <a title="British Virgin Islands offshore IBC registration" href="http://www.britishvirginislands-ibc-registration.com/">British Virgin Islands jurisdiction</a>, has received notifications from the executive directors reporting their respective deemed interests in the ordinary shares of US$0.05 each in the company.</p>
<p>About 97.17% of the existing share capital of <a href="http://finance.yahoo.com/q?s=AGP.L&amp;ql=0" target="_self">Asian Growth Properties</a> are beneficially owned by SEA Holdings Limited. On 14 July 2011, Nan Luen International Limited has acquired additional SEA shares and all the SEA shares repurchased by the company on 29 June 2011 were cancelled. After these transactions, Nan Luen International increased its shareholding interest in SEA to about 59.65%.</p>
<p>JCS Limited has 63.58% interest in the issued share capital of Nan Luen International. In its turn, NYH Limited is interested in 25% of the issued share capital in each of the two companies, which are interested in a total of 1.243% of the issued share capital of SEA.</p>
<p>After the acquisition and cancellation, Mr. Lu Wing Chi, an executive director of Asian Growth Properties Ltd., is deemed to have an indirect beneficial shareholding interest in 271,745,264 shares that represent approximately 30.66% of the existing issued share capital of the BVI company; another executive director of the company, Mr. Lambert Lu, is deemed to have an indirect beneficial shareholding interest in 69,847,383 shares, representing approximately 7.88% of the existing issued share capital of Asian Growth Properties Ltd.</p>
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		<title>BVI company to receive cash proceeds on disposal of its subsidiary</title>
		<link>http://bvi-company-financials.bviincorporation.com/386/bvi-company-to-receive-cash-proceeds-on-disposal-of-its-subsidiary/</link>
		<comments>http://bvi-company-financials.bviincorporation.com/386/bvi-company-to-receive-cash-proceeds-on-disposal-of-its-subsidiary/#comments</comments>
		<pubDate>Fri, 01 Jul 2011 12:54:04 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[BVI company holdings]]></category>
		<category><![CDATA[Proceeds from Investment sales]]></category>
		<category><![CDATA[Sales of shares]]></category>

		<guid isPermaLink="false">http://bvi-company-financials.bviincorporation.com/?p=386</guid>
		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://bvi-companies.blogspot.com/2009/03/polo-resources-limited.html" target="_self">Polo Resources Limited</a>, the mining and exploration investment company domiciled in the <a title="BVI company: Offshore BVI companies and British Virgin Islands company (IBC) description" href="http://www.offshorebvi.com/bvi-offshore-companies.php">British Virgin Islands</a>, 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&#8217;s 8.5% unsecured Covertible Loan Notes issued in 2010.</p>
<p>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.</p>
<p>Neil Herbert, Executive Co-Chairman and Managing Director of <a href="http://finance.yahoo.com/q?s=POLJF.PK" target="_self">Polo Resources</a>, 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.<br />
Polo’s strategy is to identify assets, listed and private, which have the potential to increase shareholder value&#8230;”</p>
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		<title>Blandings Capital Ltd published update on proposed transaction with the BVI company</title>
		<link>http://bvi-company-financials.bviincorporation.com/218/blandings-capital-ltd-published-update-on-proposed-transaction-with-the-bvi-company/</link>
		<comments>http://bvi-company-financials.bviincorporation.com/218/blandings-capital-ltd-published-update-on-proposed-transaction-with-the-bvi-company/#comments</comments>
		<pubDate>Fri, 22 Jan 2010 11:15:02 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[BVI company contracts]]></category>
		<category><![CDATA[Sales of shares]]></category>

		<guid isPermaLink="false">http://bvi-company-financials.bviincorporation.com/?p=218</guid>
		<description><![CDATA[Blandings Capital Limited (http://finance.yahoo.com/q?s=BDC-P.V), TSX-listed capital pool company incorporated in December 2006 and listed on the Exchange in October 2007, provided an update on proposed acquisition of all the outstanding shares of the British Virgin Islands company AMG Bioenergy Resources Holdings Ltd. AMG is working in China and other Asian markets in the area of [...]]]></description>
			<content:encoded><![CDATA[<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Blandings Capital Limited (http://finance.yahoo.com/q?s=BDC-P.V), TSX-listed capital pool company incorporated in December 2006 and listed on the Exchange in October 2007, provided an update on proposed acquisition of all the outstanding shares of the British Virgin Islands company AMG Bioenergy Resources Holdings Ltd. AMG is working in China and other Asian markets in the area of bio fuel feedstock and biodiesel. It is anticipated that this will be Blandings&#8217; qualifying transaction.</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Also, Blandings has determined not to proceed with the proposed private placement of common shares which was intended to close concurrently with completion of the acquisition transaction. It has signed an amended and restated share exchange agreement with the BVI company. Pursuant to this agreement, signed on December 31, 2009, the date for closing of the acquisition has been extended to March 31, 2010.</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Under the terms of the acquisition, Blandings will acquire from the shareholders of AMG the 15,000,000 of its common shares currently issued and outstanding, each share at a deemed value of $0.33, and will issue, subject to the approval of the exchange transaction, 25,000,000 Blandings common shares in exchange for each issued AMG common share.</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">Following the completion of the acquisition transaction, the Capital Pool Company will have 45,296,555 common shares outstanding. Blandings also currently has outstanding director and employee share options to acquire 812,500 common shares at a price of $0.10 per share.</div>
<div id="_mcePaste" style="position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;">The former shareholders of the BVI company and the current shareholders of Blandings will own approximately 72.96% and 27.04% respectively of the issued Blandings common shares.</div>
<p><a href="http://finance.yahoo.com/q?s=BDC-P.V" target="_self">Blandings Capital Limited</a>, TSX-listed capital pool company incorporated in December 2006 and listed on the Exchange in October 2007, provided an update on proposed acquisition of all the outstanding shares of the British Virgin Islands company AMG Bioenergy Resources Holdings Ltd. AMG is working in China and other Asian markets in the area of bio fuel feedstock and biodiesel. It is anticipated that this will be Blandings&#8217; qualifying transaction.</p>
<p>Also, Blandings has determined not to proceed with the proposed private placement of common shares which was intended to close concurrently with completion of the acquisition transaction. It has signed an amended and restated share exchange agreement with the BVI company. Pursuant to this agreement, signed on December 31, 2009, the date for closing of the acquisition has been extended to March 31, 2010.</p>
<p>Under the terms of the acquisition, Blandings will acquire from the shareholders of AMG the 15,000,000 of its common shares currently issued and outstanding, each share at a deemed value of $0.33, and will issue, subject to the approval of the exchange transaction, 25,000,000 Blandings common shares in exchange for each issued AMG common share.</p>
<p>Following the completion of the acquisition transaction, the Capital Pool Company will have 45,296,555 common shares outstanding. Blandings also currently has outstanding director and employee share options to acquire 812,500 common shares at a price of $0.10 per share.</p>
<p>The former shareholders of the BVI company and the current shareholders of Blandings will own approximately 72.96% and 27.04% respectively of the issued Blandings common shares.</p>
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		<title>OpenTV to receive instructions from its shareholder on sale of shares</title>
		<link>http://bvi-company-financials.bviincorporation.com/216/opentv-to-receive-instructions-from-its-shareholder-on-sale-of-shares/</link>
		<comments>http://bvi-company-financials.bviincorporation.com/216/opentv-to-receive-instructions-from-its-shareholder-on-sale-of-shares/#comments</comments>
		<pubDate>Mon, 18 Jan 2010 13:19:30 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Sales of shares]]></category>

		<guid isPermaLink="false">http://bvi-company-financials.bviincorporation.com/?p=216</guid>
		<description><![CDATA[Last week, the controlling shareholder of British Virgin Islands-registered OpenTV and some of its affiliates notified the company of their intent to give written instructions directing it to redeem all of the Class A ordinary shares that are not owned by Kudelski SA and its affiliates. This is permitted under the laws of the British [...]]]></description>
			<content:encoded><![CDATA[<p>Last week, the controlling shareholder of <a href="http://bvi-companies.blogspot.com/2007/06/opentv-corp.html" target="_self">British Virgin Islands-registered OpenTV</a> and some of its affiliates notified the company of their intent to give written instructions directing it to redeem all of the Class A ordinary shares that are not owned by <a href="http://finance.yahoo.com/q?s=KDCXF.PK" target="_self">Kudelski SA</a> and its affiliates. This is permitted under the laws of the British Virgin Islands, where <a href="http://finance.yahoo.com/q?s=optv" target="_self">OpenTV</a> is incorporated.</p>
<p>The BVI corporation has already filed the preliminary redemption notice/transaction statement with the Securities and Exchange Commission relating to the proposed sale of shares. Kudelski SA, which together with its affiliates is the owner of more than 90 per cent of OpenTV, anticipates giving definitive written as the SEC has completed its review of the statements. Upon receipt of definitive written instructions, the board of directors of OpenTV will distribute a definitive redemption notice/transaction statement to its shareholders setting forth the redemption date and the redemption price, as required by the laws of the British Virgin Islands.</p>
<p>BVI company&#8217;s shareholder also said that it expects that the definitive written instructions will include a recommendation that OpenTV redeem the class A ordinary shares for $1.55 per share.</p>
<p>Currently, Kudelski is the owner of 13.4 per cent of OpenTV&#8217;s Class A shares.</p>
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		<title>BVI-domiciled CNC Development announced conclusion of exchange offer</title>
		<link>http://bvi-company-financials.bviincorporation.com/202/bvi-domiciled-cnc-development-announced-conclusion-of-exchange-offer/</link>
		<comments>http://bvi-company-financials.bviincorporation.com/202/bvi-domiciled-cnc-development-announced-conclusion-of-exchange-offer/#comments</comments>
		<pubDate>Tue, 22 Dec 2009 10:05:31 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[BVI company acquisitions]]></category>
		<category><![CDATA[Merger agreements]]></category>
		<category><![CDATA[Sales of shares]]></category>
		<category><![CDATA[Share Exchange agreements]]></category>

		<guid isPermaLink="false">http://bvi-company-financials.bviincorporation.com/?p=202</guid>
		<description><![CDATA[CNC Development Ltd., a British Virgin Islands company formed as a result of business combination between InterAmerican Acquisition Group Inc. and BVI holding Sing Kung Ltd, made an announcement that all shareholders of Sing Kung who were not parties to the stock purchase agreement have subscribed to the exchange offer for CNC shares. As a [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://moneycentral.msn.com/companyreport?symbol=CDLVE" target="_self">CNC Development Ltd.</a>, a British Virgin Islands company formed as a result of <a href="http://bvi-company-mergers-acquisitions.blogspot.com/2009/09/iag-stockholders-approve-merger-with.html" target="_self">business combination between InterAmerican Acquisition Group Inc. and BVI holding Sing Kung Ltd</a>, made an announcement that all shareholders of <a href="http://bvi-company-mergers-acquisitions.blogspot.com/2008/05/bvi-registered-sing-kung-inc-acquired.html" target="_self">Sing Kung</a> who were not parties to the stock purchase agreement have subscribed to the exchange offer for CNC shares. As a result, BVI corporation becomes the owner of full stock of Sing Kung.</p>
<p>Also, the majority of CNC Preferred shareholders appointed by written resolution two new members to CNC&#8217;s board of directors &#8211; Steven Klein and David Miller, who are Partners with a privately held investment company Apple Core Holdings.</p>
<p><a href="http://www.cncdev.com/" target="_self">CNC Development</a> has initiated a new business acquisition program, in accordance with it the BVI company is seeking to identify and acquire one or more profitable businesses with enterprise values from US$100 million to US$500 million. The company is also considering acquisitions of companies domiciled outside of China and not involved in the infrastructure or construction sectors. By words of Mr. Morro, Interim Chief Executive Officer of CNC, the company decided to expand the investment focus to other business areas because projected returns on private capital investments in the infrastructure and construction sectors in China have been dramatically reduced due to the recent increase in liquidity in the China market.</p>
<p>CNC also informed shareholders about the change in the trading symbols for its securities that was initiated in November 2009. The shares of the company are quoted on the <a href="http://www.otcbb.com/" target="_self">OTCBB</a>.</p>
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		<title>Sina completes share transaction with BVI holding controlled by Sina management</title>
		<link>http://bvi-company-financials.bviincorporation.com/194/sina-completes-share-transaction-with-bvi-holding-controlled-by-sina-management/</link>
		<comments>http://bvi-company-financials.bviincorporation.com/194/sina-completes-share-transaction-with-bvi-holding-controlled-by-sina-management/#comments</comments>
		<pubDate>Fri, 04 Dec 2009 15:41:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Sales of shares]]></category>

		<guid isPermaLink="false">http://bvi-company-financials.bviincorporation.com/?p=194</guid>
		<description><![CDATA[Sina Corp., Shanghai-based operator of Chinese websites, announced that it had completed the sale of 5.6 million shares to a British Virgin Islands holding company for the sum of $180 million. New-Wave Investment Holding Co. Ltd. is a BVI company established and controlled by Sina&#8217;s president and CEO Charles Chao and other members of Chinese [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://finance.yahoo.com/q?s=SINA" target="_self">Sina Corp.</a>, Shanghai-based operator of Chinese websites, announced that it had completed the sale of 5.6 million shares to a British Virgin Islands holding company for the sum of $180 million. New-Wave Investment Holding Co. Ltd. is a BVI company established and controlled by Sina&#8217;s president and CEO Charles Chao and other members of Chinese company&#8217;s management.</p>
<p>Under the terms of the financing agreements, shareholders of New-Wave are primarily among Sina&#8217;s management team. The alternative investment management company CITIC Capital Holdings Ltd., private equity firm FountainVest Partners and private investment partnership Sequoia Capital China are preferred shareholders.</p>
<p>Sina is going to use the proceeds for acquisitions and general corporate purposes.</p>
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		<title>China Natural Resources sells 60% interest in Mark Faith Technology Development</title>
		<link>http://bvi-company-financials.bviincorporation.com/159/china-natural-resources-sells-60-interest-in-mark-faith-technology-development/</link>
		<comments>http://bvi-company-financials.bviincorporation.com/159/china-natural-resources-sells-60-interest-in-mark-faith-technology-development/#comments</comments>
		<pubDate>Wed, 07 Oct 2009 11:13:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[BVI company contracts]]></category>
		<category><![CDATA[Proceeds from Investment sales]]></category>
		<category><![CDATA[Sales of shares]]></category>

		<guid isPermaLink="false">http://bvi-company-financials.bviincorporation.com/?p=159</guid>
		<description><![CDATA[China Natural Resources, Inc., a company registered in BVI and making its operations in China, announced that on September 29, 2009 it completed the disposition of 60 per cent equity interest in Mark Faith Technology Development Limited to Joysight Limited. The purchase price of the company made USD 21mln, evidenced by an unsecured promissory note [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://bvi-companies.blogspot.com/2008/01/china-natural-resources-inc.html" target="_self">China Natural Resources, Inc.</a>, a company registered in BVI and making its operations in China, announced that on September 29, 2009 it completed the disposition of 60 per cent equity interest in Mark Faith Technology Development Limited to Joysight Limited. The purchase price of the company made USD 21mln, evidenced by an unsecured promissory note executed and delivered by Joysight Limited, which bears interest of 5 per cent per annum and is due on February 26, 2010.</p>
<p>Joysight Limited is an unrelated third party, which was the owner of the 40 per cent equity interest in Mark Faith that was not owned by China Natural Resources. Now the company became the owner of the full stock of Mark Faith.</p>
<p>Mark Faith engages in the smelting and refining of copper in Inner Mongolia region of the China Republic, through its wholly owned subsidiary Bayannaoer City Feishang Copper Company Limited. Earlier this year, China Natural Resources made an announcement that <a href="http://bvi-company-financials.bviincorporation.com/112/china-natural-resources-subsidiary-receives-loan-from-the-bank-of-china/" target="_self">its indirect subsidiary Bayannaoer had entered into a series of agreements</a> to receive US$36.59mln loan from the <a href="http://www.pbc.gov.cn/english/" target="_self">People’s Bank of China</a>. Now the BVI company has sold its interest in Mark Faith to concentrate its resources on the core coal and nonferrous metal mining businesses.</p>
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		<title>Regal&#8217;s Ukrainian operations after entering into an agreement with BVI company: oil major Shell goes out of the deal</title>
		<link>http://bvi-company-financials.bviincorporation.com/16/regals-ukrainian-operations-after-entering-into-an-agreement-with-bvi-company-oil-major-shell-goes-out-of-the-deal/</link>
		<comments>http://bvi-company-financials.bviincorporation.com/16/regals-ukrainian-operations-after-entering-into-an-agreement-with-bvi-company-oil-major-shell-goes-out-of-the-deal/#comments</comments>
		<pubDate>Tue, 04 Dec 2007 15:41:47 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[BVI company investments]]></category>
		<category><![CDATA[Proceeds from Investment sales]]></category>
		<category><![CDATA[Sales of shares]]></category>

		<guid isPermaLink="false">http://bvi-company-financials.bviincorporation.com/16/regals-ukrainian-operations-after-entering-into-an-agreement-with-bvi-company-oil-major-shell-goes-out-of-the-deal/</guid>
		<description><![CDATA[Anglo-Dutch oil major Shell has gone out of a deal to take a 51% stake in the Ukrainian gas assets of UK&#8217;s explorer Regal Petroleum PLC. This decision followed Regal&#8217;s appointment of a new chief executive, and was explained in Shell&#8217;s statement by the fact that the management change at Regal was not expected by [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://finance.yahoo.com/q?s=RYDAF.PK" title="Shell company">Anglo-Dutch oil major Shell</a> has gone out of a deal to take a 51% stake in the Ukrainian gas assets of UK&#8217;s explorer <a href="http://finance.yahoo.com/q?s=RGPMF.PK" title="Regal Petroleum PL Company">Regal Petroleum PLC</a>. This decision followed Regal&#8217;s appointment of a new chief executive, and was explained in Shell&#8217;s statement by the fact that the management change at Regal was not expected by Shell, and their memorandum of understanding was agreed with the previous management team.</p>
<p>Last week, Regal announced that chairman Francesco Scolaro and chief executive Neil Ritson had resigned, and both posts will be taken by David Greer â€“ until recently a senior Shell employee.</p>
<p>Regal lost two appeals against the above ruling, before entering into an <strong>agreement with British Virgin Islands-registered company Alberry Ltd</strong>, to help have the licences upheld. In return for this service, <strong>Alberry was invited <a href="http://bvi-company-news.offshore-journals.com/bvi-owned-alberry-ltd-buys-15-of-regal-petroleum-capital-in-ukraine/23/" title="purchase of Regal Petroleum Corporation ordinary shares">to purchase ordinary shares of Regal Petroleum Corp. Limited (RPC)</a>, making 15% of RPC share capital, for Â£100,000 in cash.</strong> Keeping the remaining 85% of RPC, <strong>Regal agreed to buy this stake back for $51 million</strong> in case the BVI company would be successful.</p>
<p>In December 2006, the UK company announced that all actions had been dismissed by the Ukrainian supreme court; in June 2007, <strong>Regal said it paid Alberry 13,910,623 Regal shares Â£30 million worth to buy back the stake.</strong></p>
<p>RPC is an indirect subsidiary of Regal Petroleum PLC and the holding company for Regal Petroleum PLC in Ukraine. Regal re-commenced the production from its operations in Ukraine in August 2006, but the Ukrainian assets of the company are still in the centre of legal disputes, already for two years.</p>
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		<title>Beiersdorf AG signs Share Purchase Agreement with BVI and HK companies</title>
		<link>http://bvi-company-financials.bviincorporation.com/10/beiersdorf-ag-signs-share-purchase-agreement-with-bvi-and-hk-companies/</link>
		<comments>http://bvi-company-financials.bviincorporation.com/10/beiersdorf-ag-signs-share-purchase-agreement-with-bvi-and-hk-companies/#comments</comments>
		<pubDate>Sun, 21 Oct 2007 15:06:14 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Sales of shares]]></category>

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		<description><![CDATA[Beiersdorf Aktiengesellschaft, a company operating in Hamburg, has announced that it entered into a share purchase agreement with Hong Kong-based C-BONS Holding (International) Limited, and Global Source Investments Limited, a company incorporated in the British Virgin Islands.
The purpose of the agreement was to acquire 85 pct of shares in Peak Victory Group Limited which owns [...]]]></description>
			<content:encoded><![CDATA[<p><strong><a href="http://finance.yahoo.com/q?s=BDRFF.PK" title="Beiersdorf AG">Beiersdorf Aktiengesellschaft</a></strong>, a company operating in Hamburg, has announced that it <strong>entered into a share purchase agreement with Hong Kong-based C-BONS Holding (International) Limited, and Global Source Investments Limited, a company incorporated in the British Virgin Islands.</strong></p>
<p>The purpose of the agreement was to <strong>acquire 85 pct of shares in Peak Victory Group Limited</strong> which owns Chinese hair business C-BONS Hair Care, <strong>from the BVI company Global Source Investment Ltd, for 269.45 mln Euro</strong>. This acquisition is part of the implementation of Beiersdorf&#8217;s Consumer Business Strategy to accelerate regional growth in China, &#8211; one of Beiersdorf&#8217;s four priority countries.</p>
<p>Meanwhile, the BVI-registered Global Source will remain the holder of an equity stake of 15% in the business, for an interim period of at least two years after closing. <strong>Both Beiersdorf and the BVI company will each have options to acquire or sell, respectively, the remaining 15% for a minimum price of 47.55 mln Euro</strong>, and subject to increase of future performance of C-BONS Hair Care. The closing of the transaction is expected before the end of 2007, and is subject to customary closing conditions.</p>
<p>C-BONS is a HK-based company operating businesses across various industries including personal care, real estate, pharmaceutical and other areas. C-BONS Hair Care is one of the leading companies in the Chinese hair care market with a well-developed distribution network in China.</p>
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