BVI

Hollysys Announces Shareholder Approval of Merger Agreement with Ascendent

Retrieved on: 
Thursday, February 8, 2024
BVI, EGM, Registrar, Committee, Proxy, British Virgin Islands, Corporate Affairs, Automation, Sub, Security (finance)

Of the ordinary shares voted at the EGM, approximately 86.94% voted in favor of the proposal to authorize and approve the Merger Agreement, the Articles of Merger, the Plan of Merger and the transactions contemplated thereby, including the Merger.

Key Points: 
  • Of the ordinary shares voted at the EGM, approximately 86.94% voted in favor of the proposal to authorize and approve the Merger Agreement, the Articles of Merger, the Plan of Merger and the transactions contemplated thereby, including the Merger.
  • The Merger Agreement, the Articles of Merger, the Plan of Merger and the transactions contemplated thereby, including the Merger, were therefore duly authorized and approved by resolutions as required by, and in compliance with, the BVI Business Companies Act (as amended) (the "BVI Act").
  • The completion of the Merger is subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement.
  • The Company will work with the other parties to the Merger Agreement towards satisfying all other closing conditions to the Merger set forth in the Merger Agreement, including obtaining required regulatory approvals, and completing the Merger as quickly as possible.

ChipMOS Board of Directors Approves US$137.1 Million Proposed Sale of Equity Interests in Unimos Microelectronics (Shanghai)

Retrieved on: 
Thursday, December 21, 2023
Taiwan Stock Exchange, Sale, Electronics, AI, BVI, The Company

HSINCHU, Dec. 21, 2023 /PRNewswire/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today announced the Company's Board of Directors has approved the proposed US$137.1 million sale of the equity interests in Unimos Microelectronics (Shanghai) Co., Ltd. ("Unimos Shanghai") by the Company's wholly-owned subsidiary, ChipMOS TECHNOLOGIES (BVI) LTD. ("ChipMOS BVI").

Key Points: 
  • HSINCHU, Dec. 21, 2023 /PRNewswire/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today announced the Company's Board of Directors has approved the proposed US$137.1 million sale of the equity interests in Unimos Microelectronics (Shanghai) Co., Ltd. ("Unimos Shanghai") by the Company's wholly-owned subsidiary, ChipMOS TECHNOLOGIES (BVI) LTD. ("ChipMOS BVI").
  • Under the proposed agreement, ChipMOS BVI will sell its entire remaining 45.0242% equity interests in Unimos Shanghai to Suzhou Oriza PuHua ZhiXin Equity Investment Partnership(L.P.) and 10 other local Chinese investment management companies.
  • Total consideration under the proposed all-cash sale of RMB 979.3 million (approximately NT$4.29 billion or approximately US$137.1 million) will be paid to ChipMOS BVI in two installments, with the second installment to be paid six months after the first installment.
  • Cheng, Chairman of ChipMOS, commented, "This transaction is inline with our focus on supporting customers in higher growth end-markets as a leading OSAT provider.

Moxian Announces Name Change to Abits Group Inc

Retrieved on: 
Thursday, November 16, 2023
BVI, Hong Kong

Hong Kong, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Moxian (BVI) Inc (the “Company”) (NASDAQ: MOXC), a company engaged in bitcoin mining and related services in the United States, today announced that it has changed its corporate name from Moxian (BVI) Inc to Abits Group Inc.

Key Points: 
  • Hong Kong, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Moxian (BVI) Inc (the “Company”) (NASDAQ: MOXC), a company engaged in bitcoin mining and related services in the United States, today announced that it has changed its corporate name from Moxian (BVI) Inc to Abits Group Inc.
  • In addition, the Company’s ticker symbol on the Nasdaq Capital Market will be changed to “ABTS” from “MOXC” effective before the opening of trading on November 17, 2023.
  • It also coincides with the launch of a mining center in Tennessee, which is driven by a new generation of innovative and sustainable hydro-power.”
    The corporate name change to Abits Group Inc does not affect the rights of the Company’s shareholders and no action is required by shareholders with respect to the name change.
  • The number of outstanding ordinary shares of the Company is also not affected by the name and ticker symbol changes.

Buyer Consortium Led by Recco Control Technology and Dazheng Group Comments on Shareholder Having to File an Application in the British Virgin Islands High Court for an Order for a Timely Special Meeting of Shareholders to be Held

Retrieved on: 
Thursday, December 7, 2023
Professional Services, Other Manufacturing, Manufacturing, Finance, Sale, UBS, DLA Piper, Conyers Dill & Pearman, Piper, History, UBS AG, Sullivan & Cromwell, Oliver Cromwell, British Virgin Islands, Special, High court, United Capital Partners, Security (finance), BVI

The action was taken by the beneficial owner of Dazheng Group.

Key Points: 
  • The action was taken by the beneficial owner of Dazheng Group.
  • An injunction is being sought as a protective measure to preserve the status quo so that a timely and meaningful shareholder meeting can be held.
  • Otherwise if the Board continues on its planned course of action it will directly frustrate the clear wishes of the shareholders.
  • UBS AG Hong Kong Branch1 is serving as financial advisor to leaders of the consortium, Recco Control Technology and Dazheng Group.

Buyer Consortium Led by Recco Control Technology and Dazheng Group Issues Statement on Hollysys’ Announced Special Meeting

Retrieved on: 
Monday, November 27, 2023
Professional Services, Other Manufacturing, Manufacturing, Finance, Sale, Acquisition, UBS, DLA Piper, Conyers Dill & Pearman, Piper, UBS AG, Sullivan & Cromwell, Oliver Cromwell, Trust, Special, BVI

Buyer consortium (“the consortium”) led by Recco Control Technology Pte.

Key Points: 
  • Buyer consortium (“the consortium”) led by Recco Control Technology Pte.
  • Ltd. (“Recco Control Technology”) and Dazheng Group (Hong Kong) Investment Holdings Company Limited (“Dazheng Group”) today reiterates its all-cash proposal of US$26.50 per share for Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys”).
  • Members of the consortium also include TFI Asset Management Limited, and Great Wall Capital Co., Ltd, who have entered into a memorandum of strategic cooperation with Recco Control Technology and Dazheng Group in connection with the proposed acquisition of Hollysys.
  • UBS AG Hong Kong Branch1 is serving as financial advisor to leaders of the consortium, Recco Control Technology and Dazheng Group.

Buyer Consortium Led by Recco Control Technology and Dazheng Group Urges the Directors of Hollysys to Convene the Special Meeting of Shareholders and the Special Committee to Move Forward with a Transparent and Genuine Sale Process

Retrieved on: 
Monday, November 13, 2023
Professional Services, Other Manufacturing, Manufacturing, Finance, Sale, UBS, DLA Piper, Conyers Dill & Pearman, Piper, UBS AG, Sullivan & Cromwell, Oliver Cromwell, Committee, Holding company, BVI

The consortium also calls on the directors of Hollysys to respect the rights of its shareholders and convene the legitimately requested special meeting immediately.

Key Points: 
  • The consortium also calls on the directors of Hollysys to respect the rights of its shareholders and convene the legitimately requested special meeting immediately.
  • Ascendent Capital Partners, which holds 13.7% of the shares, has also publicly called on the directors of Hollysys to convene the special meeting.
  • This brings the total shareholders requiring the directors to convene the special meeting to 46%.
  • UBS AG Hong Kong Branch is serving as financial advisor to leaders of the consortium, Recco Control Technology and Dazheng Group.

LIBERTY LATIN AMERICA SIGNS AGREEMENT WITH PHOENIX TOWER INTERNATIONAL TO MONETIZE MOBILE TOWER ASSETS

Retrieved on: 
Friday, November 10, 2023
Technology, Mobile, Wireless, Telecommunications, 5G, Internet, Carriers and Services, LILA, LLP, PJT Partners, British Virgin Islands, Hall, OTC, Airline, The Bahamas, BVI, PTI

Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced it has reached an agreement with Phoenix Tower International (“PTI”) to monetize approximately 1,300 mobile tower sites across Panama, Jamaica, The Bahamas, Puerto Rico, Barbados, and the British Virgin Islands.

Key Points: 
  • Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced it has reached an agreement with Phoenix Tower International (“PTI”) to monetize approximately 1,300 mobile tower sites across Panama, Jamaica, The Bahamas, Puerto Rico, Barbados, and the British Virgin Islands.
  • The transaction also provides advantageous arrangements to extend coverage with a further 500 sites being built by Liberty Latin America and PTI over the next five years.
  • Balan Nair, President and CEO of Liberty Latin America, commented, “We are pleased to work with a high-quality partner with extensive operating experience in our region in PTI and reach an agreement that crystallizes the value of our mobile tower infrastructure assets.
  • Baker Botts LLP served as legal counsel and PJT Partners assisted Liberty Latin America as part of its ongoing financial advice to the Company.

SAASTEPS Announces Philanthropic Strategy Through Steps of Kindness Program

Retrieved on: 
Tuesday, December 5, 2023
Steps, Dark, Ezenzeleni Blind Institute, SME, Salesforce, BIT, Learning, Disability, Small business, Light, Partnership, Software as a service, Family, Taboo, Empathy, Unemployment, Community-driven development, Paratriathlon, Software, BVI, Kindness

BROOMFIELD, Colo., Dec. 5, 2023 /PRNewswire-PRWeb/ -- Earlier this year, SAASTEPS unveiled a revamped set of core values; these shared values are the company's north star and set important standards for how they show up as a small business and as colleagues and partners to their clients.

Key Points: 
  • Go-to-RevOps innovator SAASTEPS announces philanthropic strategy through newly formed program called Steps of Kindness.
  • As the business grows, it's more important than ever for us to give back, to leave steps of kindness, wherever we can.
  • -Rachel Beck, SAASTEPS Co-Founder
    Founders Tim + Rachel Beck and Ron Costa are passionate about leaving things better than they found it, which inspired the Community Driven value + and the creation of SAASTEPS' newly formed philanthropic program called Steps of Kindness.
  • "As the business grows, it's more important than ever for us to give back, to leave steps of kindness, wherever we can."

LIBERTY LATIN AMERICA SIGNS AGREEMENT WITH PHOENIX TOWER INTERNATIONAL TO MONETIZE MOBILE TOWER ASSETS

Retrieved on: 
Friday, November 10, 2023
LILA, LLP, Telecommunications, Liberty, PJT Partners, British Virgin Islands, Hall, OTC, Airline, The Bahamas, BVI, PTI

DENVER, Nov. 10, 2023 /PRNewswire/ -- Liberty Latin America Ltd. ("Liberty Latin America" or the "Company") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced it has reached an agreement with Phoenix Tower International ("PTI") to monetize approximately 1,300 mobile tower sites across Panama, Jamaica, The Bahamas, Puerto Rico, Barbados, and the British Virgin Islands. The transaction also provides advantageous arrangements to extend coverage with a further 500 sites being built by Liberty Latin America and PTI over the next five years. Inclusive of these commitments the total proceeds increase to $407 million. Net proceeds are expected to be used to reduce debt and further invest in the Company's businesses.

Key Points: 
  • ("Liberty Latin America" or the "Company") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced it has reached an agreement with Phoenix Tower International ("PTI") to monetize approximately 1,300 mobile tower sites across Panama, Jamaica, The Bahamas, Puerto Rico, Barbados, and the British Virgin Islands.
  • The transaction also provides advantageous arrangements to extend coverage with a further 500 sites being built by Liberty Latin America and PTI over the next five years.
  • Balan Nair, President and CEO of Liberty Latin America, commented, "We are pleased to work with a high-quality partner with extensive operating experience in our region in PTI and reach an agreement that crystallizes the value of our mobile tower infrastructure assets.
  • Dagan Kasavana, Chief Executive Officer of Phoenix Tower International, said, "PTI is excited to partner with Liberty Latin America and expand its presence in the Caribbean and Panama.

ALLIED GOLD ANNOUNCES THE CLOSING OF ITS ACQUISITION OF THE DIBA PROJECT, AIMED AT IMPROVING NEAR-TERM CASH FLOW BY PROVIDING HIGHER-GRADE AND LOWER-COST OXIDE ORE FEED TO THE SADIOLA GOLD MINE

Retrieved on: 
Thursday, November 9, 2023
EBITDA, BVI, Acquisition, Senior, Engineering, Elemental, Mineral Resources Limited, Gold, Project, Canadian Securities Administrators, Mineral resource estimation, Diba, Mining, NSR, CIP, Sadiola Gold Mine, Resource, TSX, News, Uranium mining, Palladium, Sadiola, Oxide

The Company is actively implementing its strategic plan to maximize oxide ore content at its flagship Sadiola Gold Mine ("Sadiola") as it pursues a two-phased expansion plan.

Key Points: 
  • The Company is actively implementing its strategic plan to maximize oxide ore content at its flagship Sadiola Gold Mine ("Sadiola") as it pursues a two-phased expansion plan.
  • In the initial Phase 1 expansion, modifications to the existing plant are underway to accommodate a growing percentage of fresh rock.
  • Allied's strategic approach revolves around maximizing oxide ore content to enhance production during the Phase 1 expansion.
  • This effort aims to reduce costs, thereby maximizing margins, EBITDA, and cash flows, starting as early as 2024.