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George Town News

LDK Solar Schemes of Arrangement Become EffectiveLDK Solar Schemes of Arrangement Become Effective
by BWW News Desk - Dec 11, 2014

GEORGE TOWN, Cayman Islandsand SUNNYVALE, Calif., Dec. 10, 2014 /PRNewswire/ LDK Solar CO., Ltd. in provisional liquidation ('LDK Solar') and its Joint Provisional Liquidators ('JPLs'), Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that the Cayman Islands schemes of arrangement in respect of LDK Solar and LDK Silicon & Chemical Technology Co., Ltd. ('LDK Silicon') and the Hong Kong schemes of arrangement in respect of LDK Solar, LDK Silicon and LDK Silicon Holding Co., Limited (the 'Schemes') became effective as of December 10, 2014. The Cayman Islands schemes of arrangement were previously sanctioned by the Grand Court of the Cayman Islands (the 'Cayman Court'), and the Hong Kong schemes of arrangement were previously sanctioned by the High Court of Hong Kong. (more...)

Dynamic Financial TV Channel Launched in Cayman Enterprise City; Created by a Visionary Team with Prominent Former Hedge Fund Manager at the HelmDynamic Financial TV Channel Launched in Cayman Enterprise City; Created by a Visionary Team with Prominent Former Hedge Fund Manager at the Helm
by BWW News Desk - Nov 17, 2014

Real Vision Television, a media startup set up in Cayman Enterprise City, has experienced tremendous success since the company launched its financial video service in early September. Real Vision TV is an on-demand, subscriber-based channel that offers a library of exclusive content on economics and investing. On the first day of streaming, subscriber expectations were massively exceeded and continue to grow exponentially, so the company is now expanding facilities in Cayman's special economic zone. The innovative minds behind the startup expected to tap into a hunger among general investors for more information and insights, but they are pleasantly surprised by the huge response. (more...)

O2Micro Will Announce Third Quarter 2014 Results on October 30, 2014O2Micro Will Announce Third Quarter 2014 Results on October 30, 2014
by BWW News Desk - Oct 13, 2014

GEORGE TOWN, Grand Cayman, Oct. 13, 2014 (GLOBE NEWSWIRE) O2Micro® International Limited, (Nasdaq:OIIM), a global leader in the design, development and marketing of high-performance integrated circuits and solutions, will announce its financial results for the third quarter, ended September 30, 2014, on Thursday, October 30, 2014. (more...)

O2Micro Revises Third Quarter 2014 Financial GuidanceO2Micro Revises Third Quarter 2014 Financial Guidance
by BWW News Desk - Oct 8, 2014

GEORGE TOWN, Grand Cayman, Oct. 8, 2014 (GLOBE NEWSWIRE) O2Micro® International Limited (Nasdaq:OIIM), a global leader in the design, development and marketing of high-performance integrated circuits and solutions, today revised its guidance for the third quarter of 2014. The company now expects its third quarter revenue to be approximately $15.0 million, versus previous guidance of $16.5 million to $18.3 million. In addition, gross margin for the third quarter is expected to be 50% to 52%, unchanged from the previously provided guidance. (more...)

LDK Solar Announces U.S. Pre-packaged Plan and Updates for Cayman and Hong Kong ProceedingsLDK Solar Announces U.S. Pre-packaged Plan and Updates for Cayman and Hong Kong Proceedings
by BWW News Desk - Sep 18, 2014

GEORGE TOWN, Cayman Islands, XINYU CITY, China and SUNNYVALE, Calif., Sept. 18, 2014 /PRNewswire/ LDK Solar CO., Ltd. in provisional liquidation ('LDK Solar' or the 'Company') and its Joint Provisional Liquidators ('JPLs'), Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, today announced that three of the Company's United States subsidiaries, LDK Solar USA, Inc., LDK Solar Tech USA, Inc. and LDK Solar Systems, Inc. (the 'US Plan Proponents'), launched a solicitation of votes on a prepackaged plan of reorganization (the 'Prepackaged Plan') from the holders of the Company's 10% Senior Notes due 2014 (the 'Senior Notes'). (more...)

Suntech Power Holdings Provides Update With Respect to Restructuring in EuropeSuntech Power Holdings Provides Update With Respect to Restructuring in Europe
by BWW News Desk - Aug 21, 2014

GEORGE TOWN, Cayman Islands, Aug. 21, 2014 /PRNewswire/ Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the 'Company' or 'Suntech') today announced that the Schaffhausen Cantonal Court's order of July 16, 2014, approving the Dividend Agreement to resolve the creditor claims of Suntech Power International Ltd. ('SPI') became effective as of August 8, 2014. A corresponding publication was made in the Swiss Official Gazette of Commerce on August 15, 2014. (more...)

Uniregistry Announces Newest Options for Highly Marketable Internet Domain Extensions Uniregistry Announces Newest Options for Highly Marketable Internet Domain Extensions
by BWW News Desk - Aug 11, 2014

GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS - Uniregistry Corp., a leading International registrar of domain names, has launched an entirely new portfolio of domain endings designed to help people and businesses expand their reach on the internet and make their online presence stronger. (more...)

O2Micro Reports Second Quarter 2014 Financial ResultsO2Micro Reports Second Quarter 2014 Financial Results
by BWW News Desk - Jul 23, 2014

GEORGE TOWN, Grand Cayman, July 23, 2014 (GLOBE NEWSWIRE) – (more...)

O2Micro Will Announce Second Quarter 2014 Results on July 23, 2014O2Micro Will Announce Second Quarter 2014 Results on July 23, 2014
by BWW News Desk - Jul 7, 2014

GEORGE TOWN, Grand Cayman, July 7, 2014 (GLOBE NEWSWIRE) O2Micro® International Limited, (Nasdaq:OIIM), a global leader in the design, development and marketing of high-performance integrated circuits and solutions, will announce its financial results for the second quarter, ended June 30, 2014, on Wednesday, July 23, 2014. (more...)

LDK Solar Subsidiary Signs Module Supply Agreement with Energy Absolute PCLLDK Solar Subsidiary Signs Module Supply Agreement with Energy Absolute PCL
by BWW News Desk - Jul 7, 2014

GEORGE TOWN, Cayman Islands, XINYU CITY, China and SUNNYVALE, Calif., July 7, 2014 /PRNewswire/ LDK Solar Co., Ltd. in provisional liquidation ('LDK Solar' or the 'Company') and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that its Chinese subsidiary, LDK Solar Hi-Tech (Nanchang) Co., Ltd. (LDK Solar Hi-Tech), has signed a new module supply agreement with Energy Absolute PCL, a leading developer of solar projects in Thailand. Under terms of the agreement, LDK Solar Hi-Tech will provide modules totaling 64 megawatts with shipments commencing at the end of July 2014 through September 2014 as part of a project in Lampang. (more...)

LDK Solar Subsidiary Signs Wafer Supply Agreement with Solartech Energy CorporationLDK Solar Subsidiary Signs Wafer Supply Agreement with Solartech Energy Corporation
by BWW News Desk - Apr 25, 2014

GEORGE TOWN, Cayman Islands, XINYU CITY, China and SUNNYVALE, Calif., April 25, 2014 /PRNewswire/ LDK Solar Co., Ltd. in provisional liquidation ('LDK Solar' or the 'Company') and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that its Chinese subsidiary, Jiangxi LDK Solar Hi-Tech Co., Ltd. ('Jiangxi LDK Solar'), has signed a wafer supply agreement with Solartech Energy Corporation, a Taiwanese company listed on the Taiwan exchange with solar collection manufacturing operations.  Under the terms of the agreement, Jiangxi LDK Solar will provide wafers totaling 765 megawatts with shipments commencing in May 2014 through April 2017. (more...)

O2Micro Will Announce First Quarter 2014 Results on April 30, 2014O2Micro Will Announce First Quarter 2014 Results on April 30, 2014
by BWW News Desk - Apr 7, 2014

GEORGE TOWN, Grand Cayman, April 7, 2014 (GLOBE NEWSWIRE) O2Micro® International Limited, (Nasdaq:OIIM), a global leader in the design, development and marketing of high-performance integrated circuits and solutions, will announce its financial results for the first quarter, ended March 31, 2014, on Wednesday, April 30, 2014. (more...)

Cayman Provides Solution to Escalating Operational Costs Experienced by Global Commodities CompaniesCayman Provides Solution to Escalating Operational Costs Experienced by Global Commodities Companies
by BWW News Desk - Mar 27, 2014

Cayman Enterprise City (CEC), the Cayman Islands' award-winning special economic zone, today announces 2014 plans for a focus on global commodities companies seeking to curb escalating operational costs in order to become more profitable. CEC began the outreach in Canada this month by sending business development team members to the Prospectors and Developers Association Convention (PDAC) in Toronto, the mineral industry's premier annual convention. CEC's Global Business Development Manager Sheridan Robinson accompanied Ramesh Maharaj, a Partner with Walkers a leading Cayman Islands law firm. (more...)

O2Micro Revises First Quarter 2014 Financial GuidanceO2Micro Revises First Quarter 2014 Financial Guidance
by BWW News Desk - Mar 24, 2014

GEORGE TOWN, Grand Cayman, March 24, 2014 (GLOBE NEWSWIRE) O2Micro® International Limited (Nasdaq:OIIM), a global leader in the design, development and marketing of high-performance integrated circuits and solutions, today revised its guidance for the first quarter of 2014. The company now expects its first quarter revenue to be in the range of $15.5 million to $16.5 million, versus previous guidance of $17.8 million to $19.1 million. In addition, gross margin for the first quarter is now expected to be approximately 49% to 51%. (more...)

Suntech Singapore Fails to Pay the Judgment Debt Due to PSS and has Its Equity Interest in a Core Subsidiary Frozen by the PRC CourtSuntech Singapore Fails to Pay the Judgment Debt Due to PSS and has Its Equity Interest in a Core Subsidiary Frozen by the PRC Court
by BWW News Desk - Mar 18, 2014

GEORGE TOWN, Cayman Islands, March 18, 2014 /PRNewswire/ Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the 'Company' or 'Suntech') today announced that, following the January 27, 2014 judgment from the High Court of the Republic of Singapore ordering Suntech Power Investment Pte., Ltd. ('Suntech Singapore') to pay to Suntech's subsidiary, Power Solar System Co., Ltd. (in liquidation) ('PSS'), approximately US$263.9 million (the 'Judgment Debt'), on February 20, 2014, the Liquidator of PSS issued a statutory demand against Suntech Singapore for the Judgment Debt. Suntech Singapore was required to repay the Judgment Debt by March 13, 2014, but it has failed to do so. Suntech Singapore is now deemed to be unable to pay its debts under the Singapore Companies Act. However, on March 12, 2014, Suntech Singapore filed an application to set aside the Judgment Debt. PSS is considering the application and will make further announcements as may be warranted. (more...)

Cayman Enterprise City Launches Web-based Client PortalCayman Enterprise City Launches Web-based Client Portal
by BWW News Desk - Mar 13, 2014

The application process for international companies seeking to set up a physical presence in the Cayman Islands has gone online with the launch of Cayman Enterprise City's new web-based client portal. Cayman's special economic zone developed the portal in conjunction with Brac Informatics Centre, an international provider of technology and cloud-based solutions based in the Cayman Islands. (more...)

O2Micro's Driving Circuit Topology Issued Japanese PatentO2Micro's Driving Circuit Topology Issued Japanese Patent
by BWW News Desk - Mar 3, 2014

GEORGE TOWN, Grand Cayman, March 3, 2014 (GLOBE NEWSWIRE) O2Micro® International Limited (Nasdaq:OIIM), a global leader in the design, development and marketing of high-performance integrated circuits and solutions, was granted a patent by the Japanese Patent Office (JPO) for its Driving Circuit topology. (more...)

Suntech Provides Update with Respect to NYSE AppealSuntech Provides Update with Respect to NYSE Appeal
by BWW News Desk - Feb 14, 2014

GEORGE TOWN, Cayman Islands, Feb. 14, 2014 /PRNewswire/ Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the 'Company' or 'Suntech') today announced that the NYSE's Committee for Review has upheld a decision previously made by NYSE Regulation, Inc. to commence delisting proceedings of the Company's American Depositary Shares. The Company expects a Form 25 (Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934) will be filed shortly with the U.S. Securities and Exchange Commission to delist the Company's American Depositary Shares. (more...)

Cayman Enterprise City Hits Major Milestone of 100 Companies in the ZoneCayman Enterprise City Hits Major Milestone of 100 Companies in the Zone
by BWW News Desk - Feb 3, 2014

Cayman Enterprise City (“CEC”), The Cayman Islands' award-winning knowledge-based special economic zone, has hit a major milestone by signing up its 100th company to enter the zone ? a goal CEC set for itself last year. The Cayman Islands Government set Cayman apart from other tax-neutral jurisdictions by green lighting the development of special economic zones and CEC was designed to attract international companies, in the Internet and Technology, Media, Commodities and Biotech industries to the Cayman Islands. The zone enables entrepreneurs and established businesses to set up a physical operation in Cayman with offices and staff on the ground, to take advantage of Cayman's tax-neutral status along with a raft of special zone concessions granted by the Cayman Islands Government. (more...)

Emmy Winner Derek Hough to Sail on Holland America Line's 'DANCING WITH THE STARS: At Sea' Champions CruiseEmmy Winner Derek Hough to Sail on Holland America Line's 'DANCING WITH THE STARS: At Sea' Champions Cruise
by BWW News Desk - Dec 3, 2013

Derek Hough, the Emmy Awardwinning dancing professional best known for his role on the hit ABC television show 'Dancing with the Stars', is scheduled to perform on the Jan. 12, 2014, 'Dancing with the Stars: At Sea' Champions Cruise on ms Nieuw Amsterdam. (more...)

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