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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
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
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
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
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
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
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
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
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