Category Archives: BVI Company financial problems

Albidon Limited due to financial problems suspends operations in Zambia

Albidon Limited, a BVI-incorporated company, which is 50 percent owned by Chinese Jinchuan Group, listed on Australian Stock Exchange and engaged in nickel exploration and development, made an announcement that it has temporarily suspended operations at its Munali nickel mine … Continue reading

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China Cablecom to delist from NASDAQ

British Virgin Islands-incorporated company China Cablecom Holdings, Ltd., a consolidated cable network operator and joint-venture provider of cable television services in the Shandong province of China, reported about its intent to voluntarily delist its common stock from the NASDAQ Capital … Continue reading

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A-Power’s shareholders asked to move for appointment as lead plaintiff in the lawsuit

All persons or entities who purchased the securities of the British Virgin Islands-registered company A-Power Energy Generation Systems, Ltd. between March 31, 2008 and June 27, 2011, have until August 31, 2011 to move the Court to serve as Lead … Continue reading

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Investigation initiated on A-Power Energy Generation systems

The Rosen Law Firm, P.A. is investigating potential securities claims against A-Power Energy Generation Systems, Ltd., the British Virgin Islands-incorporated company, providing distributed power generation systems in China. The claims resulted from allegations that the BVI company issued materially misleading financial … Continue reading

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BVI-registered Eurotex Finanz Inc. delists its shares

Eurotex Finanz Inc., the financial services company registered in the British Virgin Islands, has delisted its shares from the Frankfurt Stock Exchange as of May 19, 2011. According to BVI company’s announcement, the decision to delist was based on several … Continue reading

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BVI- and Florida-based owners of the Bank of Miami signed agreement with the Federal Reserve Bank of Atlanta

Two holding companies, British Virgin Islands-based Granvalor Holding Limited and International  Bancorp of Miami, registered in Coral Gables, signed a written agreement with the Federal Reserve Bank of Atlanta, according to which they pledged to devise a plan to support … Continue reading

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Mining magnate ordered to pay $5M debt in the matter with BVI company

On March 19, mining magnate Khumalo said he had missed for technical reasons the deadline to file papers in the matter concerning mining company Metallon International, registered in the British Virgin Islands. The order was handed down by the British … Continue reading

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Kyivenergo pays debts to Gaz Ukrainy

The Kyivenergo power distribution company has paid a UAH 170 mln gas debt to the Gaz Ukrainy gas company, clearing its debt for the natural gas it used for generating electricity in November 2009. Kyivenergo is a joint-stock company 50% … Continue reading

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Continuing losses of BVI-based logistics company

BVI-registered freight-logistics company UTi Worldwide reported its financial results for the first quarter of the year 2009, which appeared to be even worse that it had been expected by Wall Street. After announcing the results, the stock of the company … Continue reading

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