BVI Business Companies Act

Hitachi Announces Consolidation of Healthcare Business into Hitachi High-Tech through Company Split

Retrieved on:

Thursday, October 12, 2023

TOKYO, Oct 12, 2023 - (JCN Newswire) - Hitachi, Ltd. (TSE:6501) and Hitachi High-Tech Corporation ("Hitachi High-Tech") today announced that they have decided to transfer Hitachi's Healthcare Business Division* to Hitachi High-Tech, a wholly owned subsidiary of Hitachi, through a company split effective April 1, 2024, for the purpose of strengthening the healthcare business in the Hitachi Group (the "Company Split").

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TOKYO, Oct 12, 2023 - (JCN Newswire) - Hitachi, Ltd. (TSE:6501) and Hitachi High-Tech Corporation ("Hitachi High-Tech") today announced that they have decided to transfer Hitachi's Healthcare Business Division* to Hitachi High-Tech, a wholly owned subsidiary of Hitachi, through a company split effective April 1, 2024, for the purpose of strengthening the healthcare business in the Hitachi Group (the "Company Split").
Through the Company Split, Hitachi High-Tech will promote the healthcare business based on "Diagnosis x Treatment x Digital" and create healthcare innovation.
Since the Company Split is an absorption-type company split in which the business will be succeeded by a wholly owned subsidiary of Hitachi, disclosure regarding the Company Split in this announcement is simplified.
Hitachi and Hitachi High-Tech share the healthcare purpose "Innovating Healthcare, Embracing the Future" and arepromoting the healthcare business together.

BVI significantly expands its presence in Spain and Portugal acquiring Medical Mix

Retrieved on:

Wednesday, September 6, 2023

Partnership, Surgeon, Cataract, BVI Business Companies Act, Acquisition, Patient, Pleasure, Lens (vertebrate anatomy), Intraocular lens, BVI

WALTHAM, Mass., Sept. 06, 2023 (GLOBE NEWSWIRE) -- BVI, one of the fastest-growing, diversified surgical ophthalmic businesses in the world, announced the acquisition of Medical Mix, a company specializing in the supply of medical devices for ophthalmic surgery across Spain and Portugal.

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WALTHAM, Mass., Sept. 06, 2023 (GLOBE NEWSWIRE) -- BVI, one of the fastest-growing, diversified surgical ophthalmic businesses in the world, announced the acquisition of Medical Mix, a company specializing in the supply of medical devices for ophthalmic surgery across Spain and Portugal.
Shervin Korangy, BVI President and CEO said: “It is an honor and a pleasure to welcome Medical Mix to the BVI team.
Medical Mix, a longstanding distributor of BVI's Intraocular Lenses (IOLs) since 2008, consumables since 2012, and equipment since 2019, has been a key partner with BVI products.
Vicente Durán, Medical Mix Founder and President said: “The partnership with BVI is a very exciting next step for us and the market in Spain and Portugal.

BRITISH VIRGIN ISLANDS COMPANIES SUPPORT 2.3M JOBS AND GENERATE US$14BN IN TAX REVENUES GLOBALLY

Retrieved on:

Wednesday, March 29, 2023

Qualitative research, Virgin Islands, Politics, Tax, Research, Government, BVI Business Companies Act, Economics, Renewable energy, Tourism, BVI

There are currently just over 375,000 active BVI Business Companies, roughly 57 per cent originating in Asia and 16 per cent from Europe and North America.

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There are currently just over 375,000 active BVI Business Companies, roughly 57 per cent originating in Asia and 16 per cent from Europe and North America.
Investment mediated by BVI Business Companies supports around 2.3 million jobs globally and generates an extra US$14bn each year in taxes for governments worldwide.
In the UK, BVI companies hold an estimated US$153bn in assets, with 134,000 jobs created by investment mediated through the BVI and US$3.5bn of tax revenues generated for the UK government.
"This report provides clear evidence of the role the BVI plays in facilitating investment, stimulating economic growth, creating jobs and providing governments with much needed tax revenues.

BRITISH VIRGIN ISLANDS COMPANIES SUPPORT 2.3M JOBS AND GENERATE US$14BN IN TAX REVENUES GLOBALLY

Retrieved on:

Wednesday, March 29, 2023

Qualitative research, Virgin Islands, Politics, Tax, Research, Government, BVI Business Companies Act, Economics, Renewable energy, Tourism, BVI

There are currently just over 375,000 active BVI Business Companies, roughly 57 per cent originating in Asia and 16 per cent from Europe and North America.

Key Points:

There are currently just over 375,000 active BVI Business Companies, roughly 57 per cent originating in Asia and 16 per cent from Europe and North America.
Investment mediated by BVI Business Companies supports around 2.3 million jobs globally and generates an extra US$14bn each year in taxes for governments worldwide.
In the UK, BVI companies hold an estimated US$153bn in assets, with 134,000 jobs created by investment mediated through the BVI and US$3.5bn of tax revenues generated for the UK government.
"This report provides clear evidence of the role the BVI plays in facilitating investment, stimulating economic growth, creating jobs and providing governments with much needed tax revenues.

Swvl Announces Reverse Share Split

Retrieved on:

Wednesday, January 25, 2023

BVI Business Companies Act, SWVL, Public limited company, Memorandum, Common stock, Exercise, Articles of association, Security (finance)

DUBAI, United Arab Emirates, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced that on January 4, 2023, the Company's Board of Directors approved a reverse stock split of its Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), at the ratio of one-for-25 such that every 25 issued Ordinary Shares would be combined into one Ordinary Share, with a par value of $0.0025 each (the “Reverse Share Split”).

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DUBAI, United Arab Emirates, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced that on January 4, 2023, the Company's Board of Directors approved a reverse stock split of its Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), at the ratio of one-for-25 such that every 25 issued Ordinary Shares would be combined into one Ordinary Share, with a par value of $0.0025 each (the “Reverse Share Split”).
The Company’s Board of Directors also approved an amendment and restatement to the Company's Memorandum and Articles of Association to reflect the Reverse Share Split.
No shareholder approval is required for the Reverse Share Split pursuant to the BVI Business Companies Act (as revised).
All options and warrants of the Company outstanding immediately prior to the Reverse Share Split will be appropriately adjusted by dividing the number of shares of the Ordinary Shares into which the options and warrants are exercisable or convertible by 25 and multiplying the exercise or conversion price thereof by 25, as a result of the Reverse Share Split.

Tantech Holdings Receives NASDAQ Minimum Bid Price Requirement Extension And Announces Reverse Stock Split

Retrieved on:

Monday, October 31, 2022

LISHUI, China, Oct. 31, 2022 /PRNewswire/ --Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company"), announced today that on October 28, 2022, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through April 24, 2023.

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LISHUI, China, Oct. 31, 2022 /PRNewswire/ --Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company"), announced today that on October 28, 2022, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through April 24, 2023.
To regain compliance with NASDAQ's minimum bid price requirement, the closing bid price of the Company's common shares needs to be at least $1.00 per share or greater for at least ten consecutive business days by April 24, 2023.
Following the Reverse Share Split, the Company's common shares will continue to trade on the NASDAQ under the symbol "TANH" but will trade under a new CUSIP.
The Reverse Share Split is expected to increase the market price per share of the Company's common shares in order to comply with the NASDAQ continued listing standards relating to the minimum bid price.

Fix Price Group Ltd. : Notice of Extraordinary General Meeting of Shareholders

Retrieved on:

Tuesday, March 1, 2022

When convening a meeting of shareholders the Board shall give not less than 21 calendar days' written notice in respect of each Annual General Meeting and 10 calendar days' written notice in respect of each other meeting of shareholders.

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When convening a meeting of shareholders the Board shall give not less than 21 calendar days' written notice in respect of each Annual General Meeting and 10 calendar days' written notice in respect of each other meeting of shareholders.
The following notes explain the general rights of Shareholders and Depositary Interest Holders and the rights to attend and vote at the Meeting of Shareholders or to appoint someone else to vote on their behalf.
All holders (the "Shareholders") of Ordinary Shares in the Company (the "Shares") have the right to attend, speak and vote at the Meeting.
Registered Shareholders holding shares in certificated form should complete the form of proxy provided with the Notice of Meeting (the "Form of Proxy").

Zenix Consummates the Going Private Transaction

Retrieved on:

Thursday, January 27, 2022

As a result of the Merger, the Company ceased to be a publicly traded company and became a wholly-owned subsidiary of Parent.

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As a result of the Merger, the Company ceased to be a publicly traded company and became a wholly-owned subsidiary of Parent.
Registered shareholders should wait to receive the letters of transmittal before surrendering their share certificates.
China Zenix Auto International Limited is the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sales volume.
The outbreak's impact on our supplier and customers, including disruptions and inefficiencies in the supply chain, could be unpredictable.

Nam Tai Issues Statement in Connection with its Appeal Against the Judgment dated March 3, 2021

Retrieved on:

Monday, October 4, 2021

Further, the Court of Appeal ordered that the Company shall convene a special meeting of shareholders regarding the election of directors on November 30, 2021.

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Further, the Court of Appeal ordered that the Company shall convene a special meeting of shareholders regarding the election of directors on November 30, 2021.
ABOUT NAM TAI PROPERTY INC.
We are a real estate developer and operator, mainly conducting business in Mainland China.
Nam Tai Property Inc. is a corporation registered in the British Virgin Islands and listed on the New York Stock Exchange (Symbol: "NTP").
Please refer to our corporate website ( https://www.namtai.com/ ) or the SEC website ( www.sec.gov ) for our press releases and financial statements.

Ossen Innovation Announces Completion of Merger

Retrieved on:

Friday, September 10, 2021

SHANGHAI, Sept. 9, 2021 /PRNewswire/ -- Ossen Innovation Co., Ltd.("Ossen Innovation" or the "Company") (Nasdaq: OSN), aChina-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, today announced the completion of the merger contemplated by that certain agreement and plan of merger by and among the Company, New Ossen Group Limited, an exempted company with limited liability incorporated under the laws of the British Virgin Islands (the "Parent"), and New Ossen Innovation Limited, an exempted company with limited liability incorporated under the laws of the British Virgin Islands and a wholly-owned subsidiary of Parent ("Merger Sub"), dated December 17, 2020 (the "Merger Agreement"), providing for the merger of the Merger Sub with and into the Company (the "Merger"), with the Company continuing as the surviving company after the Merger as a wholly owned subsidiary of the Parent.

Key Points:

SHANGHAI, Sept. 9, 2021 /PRNewswire/ -- Ossen Innovation Co., Ltd.("Ossen Innovation" or the "Company") (Nasdaq: OSN), aChina-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, today announced the completion of the merger contemplated by that certain agreement and plan of merger by and among the Company, New Ossen Group Limited, an exempted company with limited liability incorporated under the laws of the British Virgin Islands (the "Parent"), and New Ossen Innovation Limited, an exempted company with limited liability incorporated under the laws of the British Virgin Islands and a wholly-owned subsidiary of Parent ("Merger Sub"), dated December 17, 2020 (the "Merger Agreement"), providing for the merger of the Merger Sub with and into the Company (the "Merger"), with the Company continuing as the surviving company after the Merger as a wholly owned subsidiary of the Parent.
The Company held its extraordinary general meeting to approve the Merger on September 9, 2021, during which the Company's shareholders voted in favor of the proposal to authorize and approve the (i) Merger Agreement, (ii) the plan of merger required to be filed with the Registrar of Corporate Affairs of the British Virgin Islands, and (iii) the consummation of the transactions contemplated by the Merger Agreement and the Plan of Merger, including the Merger.
Of the ordinary shares voted at the meeting, approximately 74.85% voted in favor of the Merger Agreement, the Plan of Merger and the transactions contemplated thereby, including the Merger.
Ossen Innovation Co., Ltd.manufactures and sells a wide variety of plain surface pre-stressed steel materials and rare earth coated and zinc coated pre-stressed steel materials.